Tieton Capital Management LLC Makes New Investment in First Western Financial, Inc. $MYFW

Tieton Capital Management LLC bought a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 187,274 shares of the company’s stock, valued at approximately $6,013,000. First Western Financial comprises approximately 1.7% of Tieton Capital Management LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after purchasing an additional 441 shares in the last quarter. Bank of America Corp DE lifted its position in First Western Financial by 10.8% in the first quarter. Bank of America Corp DE now owns 12,053 shares of the company’s stock valued at $296,000 after acquiring an additional 1,178 shares during the last quarter. AQR Capital Management LLC boosted its stake in First Western Financial by 10.0% in the fourth quarter. AQR Capital Management LLC now owns 13,217 shares of the company’s stock valued at $354,000 after acquiring an additional 1,198 shares in the last quarter. Barclays PLC grew its holdings in shares of First Western Financial by 6.1% during the fourth quarter. Barclays PLC now owns 21,788 shares of the company’s stock worth $584,000 after purchasing an additional 1,244 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Western Financial by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after purchasing an additional 1,555 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Down 2.4%

MYFW opened at $31.40 on Thursday. The business has a 50 day moving average price of $31.85 and a two-hundred day moving average price of $28.38. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.29. The company has a market cap of $306.81 million, a PE ratio of 16.88 and a beta of 0.72. First Western Financial, Inc. has a 52 week low of $21.31 and a 52 week high of $34.36.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $28.14 million for the quarter, compared to the consensus estimate of $28.57 million. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%. As a group, research analysts anticipate that First Western Financial, Inc. will post 2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler boosted their target price on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Weiss Ratings raised First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Zacks Research cut First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Finally, Keefe, Bruyette & Woods increased their price objective on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

First Western Financial Profile

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.