33,558 Shares in First Western Financial, Inc. $MYFW Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 33,558 shares of First Western Financial during the second quarter, valued at approximately $1.08 million. Institutional investors now own 60.26% of the company.
• Analyst views remain mixed: Keefe, Bruyette & Woods raised its target to $33 and maintained an “outperform” rating, while Zacks Research downgraded the stock to “strong sell.” The consensus rating is “Hold,” with an average price target of $32.
• First Western Financial slightly exceeded quarterly earnings expectations, reporting $0.57 per share versus the $0.56 consensus, although revenue of $28.14 million fell short of estimates.

Empowered Funds LLC acquired a new position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,558 shares of the company's stock, valued at approximately $1,078,000. Empowered Funds LLC owned approximately 0.34% of First Western Financial as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in First Western Financial during the second quarter worth $17,426,000. Algebris UK Ltd. acquired a new position in First Western Financial during the second quarter valued at approximately $8,293,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of First Western Financial in the 2nd quarter valued at approximately $6,261,000. Tieton Capital Management LLC bought a new stake in shares of First Western Financial during the second quarter worth $6,013,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of First Western Financial in the 2nd quarter valued at $5,485,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MYFW shares. Keefe, Bruyette & Woods boosted 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 note on Thursday, June 25th. 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 report on Monday, July 27th. Zacks Research downgraded shares of First Western Financial from a "hold" rating to a "strong sell" rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of First Western Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Two 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.00.

Insider Buying and Selling at First Western Financial

In other news, CEO Scott C. Wylie sold 10,000 shares of First Western Financial stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $30.55, for a total value of $305,500.00. Following the sale, the chief executive officer directly owned 740,312 shares of the company's stock, valued at approximately $22,616,531.60. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.10% of the stock is currently owned by insiders.

First Western Financial Stock Performance

Shares of MYFW opened at $31.36 on Friday. The business's fifty day simple moving average is $31.94 and its two-hundred day simple moving average is $28.79. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a market cap of $306.39 million, a price-to-earnings ratio of 16.86 and a beta of 0.71. First Western Financial, Inc. has a 12 month low of $21.95 and a 12 month high of $34.36.

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, beating 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 company had revenue of $28.14 million for the quarter, compared to the consensus estimate of $28.57 million. Research analysts anticipate that First Western Financial, Inc. will post 2.36 earnings per share for the current fiscal year.

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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