39,744 Shares in First Western Financial, Inc. $MYFW Acquired by Colorado Capital Management Inc.

Key Points

• Colorado Capital Management Inc. acquired 39,744 shares of First Western Financial, Inc., valued at approximately $897,000, representing about 0.41% ownership after the purchase.
• The company's stock experienced a decline in earnings, reporting a net income of $0.26 per share for the last quarter, which fell short of analyst estimates of $0.39.
• Recent changes in analyst ratings have led to a downgrade from a "hold" to a "sell" by Wall Street Zen, while the consensus rating is a "Moderate Buy" with a target price of $24.33.

Colorado Capital Management Inc. acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 39,744 shares of the company's stock, valued at approximately $897,000. Colorado Capital Management Inc. owned about 0.41% of First Western Financial as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MYFW. Nuveen LLC purchased a new position in shares of First Western Financial in the 1st quarter valued at about $553,000. Strs Ohio acquired a new stake in First Western Financial in the 1st quarter valued at about $489,000. Acadian Asset Management LLC grew its stake in First Western Financial by 122.7% in the 1st quarter. Acadian Asset Management LLC now owns 40,626 shares of the company's stock valued at $796,000 after acquiring an additional 22,382 shares during the last quarter. Sippican Capital Advisors grew its stake in First Western Financial by 61.9% in the 1st quarter. Sippican Capital Advisors now owns 40,070 shares of the company's stock valued at $787,000 after acquiring an additional 15,325 shares during the last quarter. Finally, Jacobs Asset Management LLC grew its stake in First Western Financial by 4.2% in the 1st quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company's stock valued at $6,390,000 after acquiring an additional 13,053 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

First Western Financial Trading Down 0.0%

Shares of First Western Financial stock traded down $0.01 during mid-day trading on Tuesday, hitting $22.87. 20,879 shares of the stock were exchanged, compared to its average volume of 39,380. First Western Financial, Inc. has a twelve month low of $17.10 and a twelve month high of $24.88. The stock has a market capitalization of $222.25 million, a price-to-earnings ratio of 19.21 and a beta of 0.87. The company has a 50-day simple moving average of $22.70 and a 200 day simple moving average of $21.38. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.80.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a return on equity of 4.55% and a net margin of 6.50%.The firm had revenue of $22.42 million for the quarter, compared to analyst estimates of $25.28 million. Research analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current year.

Insider Activity

In related news, CEO Scott C. Wylie sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the sale, the chief executive officer directly owned 757,164 shares of the company's stock, valued at approximately $17,861,498.76. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of First Western Financial from a "hold" rating to a "sell" rating in a research note on Sunday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, First Western Financial presently has an average rating of "Moderate Buy" and a consensus price target of $24.33.

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.