Rhumbline Advisers increased its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW – Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,623 shares of the company’s stock after buying an additional 1,090 shares during the period. Rhumbline Advisers’ holdings in First Western Financial were worth $247,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of First Western Financial by 347.2% in the third 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 last quarter. JPMorgan Chase & Co. lifted its holdings in First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after buying an additional 10,113 shares during the period. Barclays PLC grew its position in shares of First Western Financial by 112.5% in the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock valued at $353,000 after buying an additional 9,309 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First Western Financial by 5.2% in 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 period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of First Western Financial by 7.6% during the third 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. 60.26% of the stock is owned by institutional investors.
First Western Financial Stock Down 0.8 %
MYFW stock opened at $19.08 on Monday. The firm has a market capitalization of $184.39 million, a PE ratio of 21.93 and a beta of 0.81. 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, Inc. has a twelve month low of $13.46 and a twelve month high of $22.32. The stock’s 50 day moving average is $19.66 and its 200-day moving average is $19.92.
First Western Financial (NASDAQ:MYFW – Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Sell-side analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MYFW. Keefe, Bruyette & Woods dropped their price target on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Piper Sandler dropped their target price on shares of First Western Financial from $23.00 to $22.50 and set a “neutral” rating on the stock in a report on Monday, January 27th.
Get Our Latest Analysis on MYFW
First Western Financial Company Profile
(Free Report)
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.
See Also
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