First Western Financial, Inc. $MYFW Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC lessened its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 15.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 267,740 shares of the company’s stock after selling 47,219 shares during the quarter. First Western Financial accounts for about 4.0% of Jacobs Asset Management LLC’s holdings, making the stock its 12th biggest position. Jacobs Asset Management LLC’s holdings in First Western Financial were worth $7,178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MYFW. New York State Common Retirement Fund lifted its position in First Western Financial by 1,470.6% during the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. BNP Paribas Financial Markets lifted 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 acquiring an additional 441 shares during the period. Focus Partners Wealth acquired a new stake in First Western Financial during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. lifted its holdings in shares of First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after buying an additional 1,555 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of First Western Financial in the 4th quarter valued at approximately $208,000. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Price Performance

MYFW stock opened at $30.53 on Friday. The stock has a 50-day moving average price of $27.92 and a two-hundred day moving average price of $26.24. First Western Financial, Inc. has a 12-month low of $20.29 and a 12-month high of $31.15. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The company has a market cap of $297.06 million, a PE ratio of 19.70 and a beta of 0.73.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.19. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%.The firm had revenue of $27.58 million during the quarter, compared to the consensus estimate of $27.30 million. As a group, research analysts predict that First Western Financial, Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at First Western Financial

In related news, CEO Scott C. Wylie sold 1,083 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total value of $30,887.16. Following the transaction, the chief executive officer owned 756,729 shares in the company, valued at approximately $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Piper Sandler lifted their price objective on First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $27.00.

First Western Financial Company 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.