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

Boothbay Fund Management LLC grew its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 75.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,461 shares of the company's stock after purchasing an additional 25,986 shares during the period. Boothbay Fund Management LLC owned approximately 0.63% of First Western Financial worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MYFW. State Street Corp grew its stake in shares of First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company's stock worth $2,245,000 after acquiring an additional 5,611 shares during the period. Barclays PLC lifted its stake in shares of First Western Financial by 112.5% in the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock worth $353,000 after purchasing an additional 9,309 shares during the period. Geode Capital Management LLC boosted its holdings in shares of First Western Financial by 1.5% in the third quarter. Geode Capital Management LLC now owns 174,570 shares of the company's stock worth $3,492,000 after buying an additional 2,661 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, Sippican Capital Advisors increased its holdings in First Western Financial by 81.9% during the fourth quarter. Sippican Capital Advisors now owns 24,745 shares of the company's stock valued at $484,000 after buying an additional 11,145 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Piper Sandler upped their price target on First Western Financial from $21.50 to $22.50 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Hovde Group increased their target price on shares of First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a report on Monday, April 28th.

First Western Financial Price Performance

Shares of NASDAQ MYFW traded up $0.86 during mid-day trading on Friday, reaching $21.75. The company's stock had a trading volume of 28,281 shares, compared to its average volume of 25,882. 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 52 week low of $15.54 and a 52 week high of $22.32. The stock has a fifty day moving average of $19.19 and a two-hundred day moving average of $19.81. The firm has a market capitalization of $210.26 million, a PE ratio of 25.00 and a beta of 0.82.

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

First Western Financial 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.