Boothbay Fund Management LLC Purchases 25,986 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Boothbay Fund Management LLC lifted its position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 75.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,461 shares of the company's stock after purchasing an additional 25,986 shares during the period. Boothbay Fund Management LLC owned 0.63% of First Western Financial worth $1,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of First Western Financial by 244.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after acquiring an additional 894 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock worth $115,000 after purchasing an additional 1,110 shares during the period. Rhumbline Advisers boosted its holdings in shares of First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock worth $247,000 after buying an additional 1,090 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Western Financial by 284.0% during the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after buying an additional 10,113 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock worth $285,000 after buying an additional 696 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Stock Performance

NASDAQ MYFW opened at $20.94 on Tuesday. The company's 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $19.82. The stock has a market capitalization of $203.20 million, a PE ratio of 24.07 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial, Inc. has a 1 year low of $15.54 and a 1 year high of $22.32.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. Analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler upped their price target on First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday. Keefe, Bruyette & Woods boosted their price target on shares of First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Hovde Group lifted their price objective on shares of First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research note on Monday.

First Western Financial Company Profile

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.

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