Colorado Capital Management Inc. Makes New Investment in First Western Financial, Inc. $MYFW

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. purchased a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,744 shares of the company's stock, valued at approximately $897,000. Colorado Capital Management Inc. owned approximately 0.41% of First Western Financial at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of First Western Financial by 40.7% during the fourth quarter. Bank of America Corp DE now owns 15,159 shares of the company's stock valued at $296,000 after acquiring an additional 4,383 shares during the period. Citadel Advisors LLC lifted its holdings in shares of First Western Financial by 10.7% during the fourth quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock valued at $338,000 after acquiring an additional 1,678 shares during the period. Sippican Capital Advisors lifted its holdings in shares of First Western Financial by 61.9% during the first 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 period. Bank of New York Mellon Corp lifted its holdings in shares of First Western Financial by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company's stock valued at $367,000 after acquiring an additional 2,047 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of First Western Financial by 2.4% during the first quarter. Diamond Hill Capital Management Inc. now owns 158,544 shares of the company's stock valued at $3,115,000 after acquiring an additional 3,666 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

First Western Financial Price Performance

First Western Financial stock opened at $23.28 on Friday. The firm has a market capitalization of $226.28 million, a P/E ratio of 19.56 and a beta of 0.87. First Western Financial, Inc. has a 1 year low of $17.10 and a 1 year high of $24.88. The business has a 50-day moving average of $22.73 and a 200-day moving average of $21.34. 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 posted its 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). The company had revenue of $22.42 million for the quarter, compared to analyst estimates of $25.28 million. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. On average, equities analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Insider Activity

In other news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total transaction of $117,950.00. Following the completion of the transaction, the chief executive officer directly owned 757,164 shares in the company, valued at approximately $17,861,498.76. The trade was a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.50% of the company's stock.

Analysts Set New Price Targets

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

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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