First Western Financial, Inc. (NASDAQ:MYFW) Position Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 23.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,885 shares of the company’s stock after acquiring an additional 1,110 shares during the quarter. Wells Fargo & Company MN’s holdings in First Western Financial were worth $115,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in shares of First Western Financial by 4.9% in the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company’s stock worth $448,000 after acquiring an additional 1,080 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of First Western Financial by 284.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after acquiring an additional 10,113 shares during the period. Rhumbline Advisers increased its holdings in shares of First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock worth $247,000 after acquiring an additional 1,090 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of First Western Financial by 9.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 154,878 shares of the company’s stock worth $3,028,000 after acquiring an additional 13,462 shares during the period. Finally, Tieton Capital Management LLC increased its holdings in shares of First Western Financial by 22.4% in the 4th quarter. Tieton Capital Management LLC now owns 184,612 shares of the company’s stock worth $3,609,000 after acquiring an additional 33,822 shares during the period. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Price Performance

NASDAQ MYFW opened at $21.60 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $208.81 million, a PE ratio of 24.83 and a beta of 0.82. The company has a 50 day moving average price of $19.37 and a two-hundred day moving average price of $19.83. First Western Financial, Inc. has a 12-month low of $15.54 and a 12-month high of $22.32.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. The company had revenue of $24.80 million for the quarter, compared to analyst estimates of $24.10 million. As a group, equities analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MYFW. Piper Sandler increased their target price on shares of First Western Financial from $21.50 to $22.50 and gave the company a “neutral” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods increased their target price on shares of First Western Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Finally, Hovde Group increased their target price on shares of First Western Financial from $23.00 to $24.50 and gave the company an “outperform” rating in a research report on Monday, April 28th.

First Western Financial Profile

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.