Nuveen LLC Acquires Shares of 28,148 First Western Financial, Inc. $MYFW

Key Points

• Nuveen LLC invested approximately $553,000 in shares of First Western Financial, acquiring 28,148 shares and holding about 0.29% of the company.
• Several institutional investors significantly increased their positions in First Western Financial during the fourth quarter, with Bank of America Corp DE boosting its stake by 40.7%.
• Analysts downgraded First Western Financial from a "hold" to a "sell" rating, resulting in an average price target of $24.33 for the company's stock amidst a recent earnings miss.

Nuveen LLC bought a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,148 shares of the company's stock, valued at approximately $553,000. Nuveen LLC owned 0.29% of First Western Financial as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Western Trust Bank increased its position in shares of First Western Financial by 0.4% during the first quarter. First Western Trust Bank now owns 112,170 shares of the company's stock worth $2,204,000 after acquiring an additional 495 shares in the last quarter. Hsbc Holdings PLC grew its holdings in First Western Financial by 5.0% during the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock worth $285,000 after acquiring an additional 696 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of First Western Financial by 244.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after purchasing an additional 894 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Western Financial by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after purchasing an additional 1,110 shares during the period. Finally, Citadel Advisors LLC increased its stake in First Western Financial by 10.7% in the fourth quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock valued at $338,000 after purchasing an additional 1,678 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

First Western Financial Stock Up 2.2%

NASDAQ MYFW traded up $0.49 during trading hours on Monday, hitting $23.28. 12,551 shares of the company traded hands, compared to its average volume of 39,921. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11. The business's 50-day moving average is $22.76 and its 200-day moving average is $21.10. The stock has a market capitalization of $226.28 million, a price-to-earnings ratio of 19.56 and a beta of 0.87. First Western Financial, Inc. has a twelve month low of $17.10 and a twelve month high of $24.88.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.26 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 company had revenue of $22.42 million for the quarter, compared to analyst estimates of $25.28 million. Sell-side analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered First Western Financial from a "hold" rating to a "sell" rating in a research report on Sunday, August 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.33.

About First Western Financial

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.