Barclays PLC Acquires 9,309 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Barclays PLC lifted its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 112.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,583 shares of the company’s stock after purchasing an additional 9,309 shares during the period. Barclays PLC owned about 0.18% of First Western Financial worth $353,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of First Western Financial by 5.2% during the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock valued at $437,000 after buying an additional 1,072 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in First Western Financial by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock worth $451,000 after acquiring an additional 1,592 shares during the last quarter. FMR LLC increased its stake in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares during the period. Geode Capital Management LLC lifted its position in First Western Financial by 1.5% in the third quarter. Geode Capital Management LLC now owns 174,570 shares of the company’s stock valued at $3,492,000 after purchasing an additional 2,661 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company’s stock worth $2,245,000 after purchasing an additional 5,611 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MYFW. Keefe, Bruyette & Woods boosted their price objective on shares of First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price target on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

First Western Financial Trading Up 0.5 %

MYFW opened at $17.68 on Monday. The stock has a market cap of $170.79 million, a PE ratio of 28.52 and a beta of 0.68. The business has a 50 day moving average of $20.11 and a 200-day moving average of $19.29. First Western Financial, Inc. has a 52 week low of $12.84 and a 52 week high of $22.32. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). The business had revenue of $45.06 million during the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. During the same quarter in the previous year, the business earned $0.32 earnings per share. Equities research analysts predict that First Western Financial, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at First Western Financial

In related news, Director David R. Duncan sold 8,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total transaction of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares of the company’s stock, valued at $166,702.80. This trade represents a 49.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.90% of the company’s stock.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.