First Western Financial, Inc. (NASDAQ:MYFW) Position Trimmed by Banc Funds Co. LLC

Banc Funds Co. LLC trimmed its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 722,320 shares of the company’s stock after selling 32,687 shares during the period. First Western Financial accounts for 1.6% of Banc Funds Co. LLC’s portfolio, making the stock its 21st biggest position. Banc Funds Co. LLC owned approximately 7.47% of First Western Financial worth $14,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC raised its position in First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after acquiring an additional 1,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Western Financial by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock worth $451,000 after purchasing an additional 1,592 shares in the last quarter. FMR LLC lifted its stake in First Western Financial by 347.2% during the third quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after purchasing an additional 2,420 shares during the last quarter. Vanguard Group Inc. grew its position in First Western Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after buying an additional 4,415 shares during the last quarter. Finally, First Western Trust Bank increased its holdings in shares of First Western Financial by 6.2% in the third quarter. First Western Trust Bank now owns 120,157 shares of the company’s stock valued at $2,403,000 after buying an additional 6,963 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Stock Performance

Shares of First Western Financial stock opened at $22.21 on Monday. First Western Financial, Inc. has a 12 month low of $12.84 and a 12 month high of $22.31. 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 cap of $214.64 million, a PE ratio of 35.82 and a beta of 0.62. The business has a fifty day simple moving average of $20.36 and a 200-day simple moving average of $18.68.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million for the quarter, compared to analyst estimates 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 posted $0.32 earnings per share. On average, sell-side analysts anticipate that First Western Financial, Inc. will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total value of $163,658.00. Following the completion of the sale, the director now owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on First Western Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Hovde Group boosted their price objective on First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Piper Sandler upped their price objective on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 28th.

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.