First Western Financial, Inc. $MYFW Stock Position Lowered by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in First Western Financial, Inc. by 25.1%, owning approximately 0.37% of the company worth $712,000 after the sale.
• CEO Scott C. Wylie sold 5,000 shares at an average price of $23.59, decreasing his position by 0.66%, while still holding a significant amount valued at approximately $17.86 million.
• First Western Financial reported $0.26 earnings per share for its last quarter, falling short of the consensus estimate of $0.39, alongside revenues of $22.42 million compared to a forecast of $25.28 million.

Goldman Sachs Group Inc. lessened its position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 25.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,257 shares of the company's stock after selling 12,152 shares during the period. Goldman Sachs Group Inc. owned approximately 0.37% of First Western Financial worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MYFW. Sippican Capital Advisors raised its position 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 worth $787,000 after purchasing an additional 15,325 shares during the period. Nuveen LLC acquired a new stake in shares of First Western Financial during the first quarter worth $553,000. Bank of New York Mellon Corp raised its position 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 worth $367,000 after purchasing an additional 2,047 shares during the period. Jacobs Asset Management LLC raised its position in shares of First Western Financial by 4.2% during the first quarter. Jacobs Asset Management LLC now owns 325,177 shares of the company's stock worth $6,390,000 after purchasing an additional 13,053 shares during the period. Finally, Bank of America Corp DE raised its position 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 worth $296,000 after purchasing an additional 4,383 shares during the period. Institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at First Western Financial

In related 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 owned 757,164 shares of the company's stock, valued at approximately $17,861,498.76. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.90% of the company's stock.

First Western Financial Stock Performance

MYFW opened at $22.99 on Wednesday. The company has a market cap of $223.46 million, a PE ratio of 19.32 and a beta of 0.87. The stock has a 50-day moving average of $22.68 and a 200-day moving average of $21.39. First Western Financial, Inc. has a 52-week low of $17.10 and a 52-week high of $24.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11.

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). The company had revenue of $22.42 million for the quarter, compared to the consensus estimate of $25.28 million. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. As a group, equities research analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered First Western Financial from a "hold" rating to a "sell" rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average 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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