170,824 Shares in First Western Financial, Inc. $MYFW Bought by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 170,824 shares of the company’s stock, valued at approximately $5,485,000.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in First Western Financial by 119.2% in the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company’s stock valued at $6,506,000 after purchasing an additional 131,955 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in First Western Financial in the 3rd quarter worth about $3,012,000. Marshall Wace LLP bought a new stake in First Western Financial in the 2nd quarter valued at about $2,194,000. Northwestern Mutual Wealth Management Co. boosted its holdings in First Western Financial by 36,113.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after purchasing an additional 75,838 shares during the period. Finally, North Reef Capital Management LP grew its position in shares of First Western Financial by 11.0% during the 4th quarter. North Reef Capital Management LP now owns 685,954 shares of the company’s stock worth $18,390,000 after purchasing an additional 68,130 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MYFW has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Western Financial from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, First Western Financial currently has an average rating of “Hold” and a consensus target price of $32.00.

Insider Activity at First Western Financial

In other 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 completion of the sale, the chief executive officer owned 756,729 shares of the company’s stock, valued at approximately $21,581,911.08. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.10% of the company’s stock.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $31.62 on Tuesday. The company has a fifty day moving average of $31.75 and a 200-day moving average of $28.28. First Western Financial, Inc. has a twelve month low of $21.11 and a twelve month high of $34.36. The firm has a market capitalization of $308.93 million, a P/E ratio of 17.00 and a beta of 0.72. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.29.

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

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.