Sippican Capital Advisors Buys New Stake in First Western Financial, Inc. (NASDAQ:MYFW)

Sippican Capital Advisors bought a new stake in First Western Financial, Inc. (NASDAQ:MYFW) during the third quarter, according to its most recent filing with the SEC. The firm bought 13,600 shares of the company’s stock, valued at approximately $272,000. Sippican Capital Advisors owned about 0.14% of First Western Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after purchasing an additional 4,415 shares during the period. Strategic Value Bank Partners LLC boosted its holdings in First Western Financial by 12.9% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after purchasing an additional 28,563 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Western Financial by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock valued at $2,713,000 after purchasing an additional 11,120 shares during the period. Mendon Capital Advisors Corp lifted its holdings in shares of First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock worth $1,214,000 after acquiring an additional 40,138 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of First Western Financial by 7.6% during the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock worth $325,000 after acquiring an additional 1,575 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Trading Up 2.4 %

Shares of NASDAQ:MYFW traded up $0.45 during trading on Thursday, hitting $19.10. 16,767 shares of the company’s stock were exchanged, compared to its average volume of 24,165. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $21.87. The firm has a 50-day moving average price of $19.59 and a two-hundred day moving average price of $18.02. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The firm has a market cap of $184.51 million, a P/E ratio of 30.81 and a beta of 0.61.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a return on equity of 2.45% and a net margin of 3.33%. The business had revenue of $45.06 million for the quarter, compared to analyst estimates of $24.10 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Equities analysts predict that First Western Financial, Inc. will post 1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David R. Duncan sold 5,500 shares of First Western Financial stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.53, for a total transaction of $107,415.00. Following the transaction, the director now owns 17,520 shares of the company’s stock, valued at $342,165.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 17.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Hovde Group raised their price objective on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Keefe, Bruyette & Woods reduced their price objective on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Piper Sandler raised their price objective on shares of First Western Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday.

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.