First Western Financial, Inc. $MYFW Shares Purchased by Sei Investments Co.

Key Points

• Sei Investments increased its First Western Financial stake by 103.7% in the first quarter, bringing its holdings to 98,729 shares worth approximately $2.43 million. Institutional investors and hedge funds collectively own 60.26% of MYFW.
• First Western Financial reported quarterly EPS of $0.57, slightly exceeding the $0.56 consensus estimate, while revenue of $28.14 million came in below expectations. The stock opened at $31.34, down 1.1%, with a consensus analyst rating of “Hold” and a $32 price target.
• Analyst views were mixed: Keefe, Bruyette & Woods raised its target to $33 and maintained an “outperform” rating, while Zacks Research downgraded the stock to “strong sell.” CEO Scott C. Wylie also sold 1,083 shares, though insiders still own 13.10% of the company.

Sei Investments Co. raised its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 103.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,729 shares of the company's stock after buying an additional 50,268 shares during the quarter. Sei Investments Co. owned about 1.01% of First Western Financial worth $2,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. North Reef Capital Management LP lifted its stake in First Western Financial by 11.0% in the 4th quarter. North Reef Capital Management LP now owns 685,954 shares of the company's stock worth $18,390,000 after purchasing an additional 68,130 shares in the last quarter. Algebris UK Ltd. lifted its position in First Western Financial by 8.0% during the fourth quarter. Algebris UK Ltd. now owns 340,807 shares of the company's stock worth $9,141,000 after buying an additional 25,358 shares in the last quarter. Mendon Capital Advisors Corp lifted its position in First Western Financial by 9.1% during the second quarter. Mendon Capital Advisors Corp now owns 280,524 shares of the company's stock worth $6,329,000 after buying an additional 23,317 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in First Western Financial by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 261,734 shares of the company's stock worth $6,434,000 after buying an additional 6,440 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in First Western Financial by 119.2% in the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company's stock valued at $6,506,000 after buying an additional 131,955 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Trading Down 1.1%

Shares of MYFW stock opened at $31.34 on Friday. First Western Financial, Inc. has a 1-year low of $20.40 and a 1-year high of $34.36. The firm has a market cap of $306.19 million, a PE ratio of 16.85 and a beta of 0.72. The company has a 50-day moving average of $31.44 and a two-hundred day moving average of $28.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.04.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. On average, analysts predict that First Western Financial, Inc. will post 2.36 EPS for the current year.

Insider Buying and Selling

In other First Western Financial news, CEO Scott C. Wylie sold 1,083 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total transaction of $30,887.16. Following the transaction, the chief executive officer directly owned 756,729 shares in the company, valued at $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings upgraded First Western Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price 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 increased 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 note on Monday, July 27th. Finally, Zacks Research lowered shares of First Western Financial from a "hold" rating to a "strong sell" rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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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