First Western Financial, Inc. $MYFW Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC trimmed its position in First Western Financial, Inc. (NASDAQ:MYFW) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,629 shares of the company’s stock after selling 75,892 shares during the quarter. First Western Financial comprises 1.7% of Banc Funds Co. LLC’s holdings, making the stock its 17th largest position. Banc Funds Co. LLC owned approximately 4.27% of First Western Financial worth $9,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its position in First Western Financial by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after buying an additional 441 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after acquiring an additional 1,555 shares during the period. Quadrature Capital Ltd acquired a new stake in First Western Financial during the 2nd quarter valued at approximately $219,000. Finally, Jane Street Group LLC purchased a new stake in shares of First Western Financial in the 2nd quarter valued at $245,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Trading Up 0.9%

First Western Financial stock opened at $23.99 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. First Western Financial, Inc. has a 12 month low of $17.52 and a 12 month high of $28.00. The stock’s 50 day simple moving average is $25.59 and its two-hundred day simple moving average is $24.37. The firm has a market cap of $233.54 million, a PE ratio of 17.77 and a beta of 0.76.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. The firm had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $27.50 million. Analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MYFW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Zacks Research downgraded shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 16th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, First Western Financial currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, Director Scott C. Mitchell sold 3,178 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $23.96, for a total value of $76,144.88. Following the sale, the director directly owned 5,423 shares of the company’s stock, valued at approximately $129,935.08. This trade represents a 36.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David R. Duncan sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,793 shares of company stock worth $522,567. 15.50% of the stock is owned by company insiders.

About First Western Financial

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.