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

Diamond Hill Capital Management LLC Investment Advisor bought a new position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 170,824 shares of the company's stock, valued at approximately $5,485,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 1.75% of First Western Financial at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MYFW. Empowered Funds LLC raised its position in shares of First Western Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 24,763 shares of the company's stock worth $487,000 after purchasing an additional 1,824 shares during the period. Acadian Asset Management LLC raised its holdings in First Western Financial by 122.7% during the 1st quarter. Acadian Asset Management LLC now owns 40,626 shares of the company's stock worth $796,000 after buying an additional 22,382 shares during the period. Geode Capital Management LLC lifted its stake in First Western Financial by 3.7% during the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company's stock valued at $4,100,000 after buying an additional 6,431 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in First Western Financial during the second quarter valued at about $357,000. Finally, Marshall Wace LLP acquired a new position in shares of First Western Financial in the second quarter worth about $2,194,000. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Stock Down 0.3%

MYFW stock opened at $31.62 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. First Western Financial, Inc. has a 1 year low of $21.11 and a 1 year high of $34.36. The company has a fifty day simple moving average of $31.75 and a 200 day simple moving average of $28.28. The firm has a market cap of $308.93 million, a PE ratio of 17.00 and a beta of 0.72.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share 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 business had revenue of $28.14 million during the quarter, compared to analysts' expectations of $28.57 million. Sell-side analysts anticipate that First Western Financial, Inc. will post 2.36 EPS for the current fiscal 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 on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total value of $30,887.16. Following the sale, the chief executive officer owned 756,729 shares of the company's stock, valued at $21,581,911.08. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.10% of the company's stock.

Analyst Ratings Changes

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

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.

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