Jacobs Asset Management LLC Grows Holdings in First Western Financial, Inc. $MYFW

Key Points

• Jacobs Asset Management LLC increased its stake in First Western Financial, Inc. by 4.2%, owning 325,177 shares valued at approximately $6.39 million.
• First Western Financial reported a miss in earnings with $0.26 EPS compared to an expected $0.39 EPS, leading to a revenue of $22.42 million against analyst estimates of $25.28 million.
• Wall Street analysts hold a consensus rating of "Moderate Buy" for First Western Financial with an average price target of $24.33 after several analysts upgraded their ratings recently.

Jacobs Asset Management LLC raised its position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 325,177 shares of the company's stock after buying an additional 13,053 shares during the quarter. First Western Financial comprises about 4.0% of Jacobs Asset Management LLC's holdings, making the stock its 11th largest position. Jacobs Asset Management LLC owned approximately 3.36% of First Western Financial worth $6,390,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in First Western Financial by 244.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after buying an additional 894 shares during the period. Wells Fargo & Company MN increased its stake in First Western Financial by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after buying an additional 1,110 shares during the period. Hsbc Holdings PLC increased its stake in First Western Financial by 5.0% in the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock valued at $285,000 after buying an additional 696 shares during the period. Bank of America Corp DE increased its stake in First Western Financial by 40.7% in the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company's stock valued at $296,000 after buying an additional 4,383 shares during the period. Finally, Citadel Advisors LLC increased its stake in First Western Financial by 10.7% in the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock valued at $338,000 after buying an additional 1,678 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 equities 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

First Western Financial Price Performance

Shares of First Western Financial stock traded up $0.21 on Friday, hitting $23.36. The company's stock had a trading volume of 20,025 shares, compared to its average volume of 37,113. First Western Financial, Inc. has a 52-week low of $17.10 and a 52-week high of $24.88. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $22.70 and a 200-day moving average price of $21.03. The company has a market capitalization of $227.06 million, a P/E ratio of 19.63 and a beta of 0.82.

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

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.