Banc Funds Co. LLC Sells 86,143 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Banc Funds Co. LLC decreased its holdings in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 636,177 shares of the company's stock after selling 86,143 shares during the period. First Western Financial makes up about 1.4% of Banc Funds Co. LLC's holdings, making the stock its 24th biggest holding. Banc Funds Co. LLC owned approximately 6.59% of First Western Financial worth $12,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its position in First Western Financial by 347.2% during the 3rd quarter. FMR LLC now owns 3,117 shares of the company's stock valued at $62,000 after acquiring an additional 2,420 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Western Financial by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after purchasing an additional 1,110 shares in the last quarter. Rhumbline Advisers grew its stake in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after purchasing an additional 1,090 shares during the period. JPMorgan Chase & Co. raised its holdings in First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock worth $273,000 after purchasing an additional 10,113 shares in the last quarter. Finally, Barclays PLC lifted its position in First Western Financial by 112.5% during the third 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 period. Institutional investors own 60.26% of the company's stock.

First Western Financial Stock Up 2.6 %

NASDAQ:MYFW traded up $0.47 on Tuesday, reaching $18.65. 5,760 shares of the stock traded hands, compared to its average volume of 25,318. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $180.93 million, a price-to-earnings ratio of 21.55 and a beta of 0.65. First Western Financial, Inc. has a 12 month low of $14.33 and a 12 month high of $22.32. The company's fifty day simple moving average is $19.25 and its 200 day simple moving average is $19.85.

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 analysts' consensus estimates of $0.28. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. Equities analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of First Western Financial from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, January 27th. Piper Sandler dropped their price target on First Western Financial from $23.00 to $22.50 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

About First Western Financial

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.