First Western Financial, Inc. (NASDAQ:MYFW) Shares Acquired by Sippican Capital Advisors

Sippican Capital Advisors grew its position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 61.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,070 shares of the company's stock after buying an additional 15,325 shares during the quarter. Sippican Capital Advisors owned 0.41% of First Western Financial worth $787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MYFW. Rhumbline Advisers lifted its stake in shares of First Western Financial by 9.5% during the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock valued at $247,000 after buying an additional 1,090 shares in the last quarter. Raymond James Financial Inc. bought a new stake in First Western Financial during the fourth quarter valued at about $489,000. Diamond Hill Capital Management Inc. lifted its position in shares of First Western Financial by 9.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,878 shares of the company's stock valued at $3,028,000 after acquiring an additional 13,462 shares in the last quarter. Tieton Capital Management LLC lifted its position in shares of First Western Financial by 22.4% in the fourth quarter. Tieton Capital Management LLC now owns 184,612 shares of the company's stock valued at $3,609,000 after acquiring an additional 33,822 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of First Western Financial by 117.6% in the fourth quarter. JPMorgan Chase & Co. now owns 29,752 shares of the company's stock worth $582,000 after acquiring an additional 16,078 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MYFW. Hovde Group increased their price target on First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research note on Monday, April 28th. Piper Sandler upped their price objective on First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lifted their target price on First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, April 28th.

First Western Financial Stock Down 0.0%

NASDAQ:MYFW traded down $0.01 during trading hours on Wednesday, reaching $23.13. The company's stock had a trading volume of 116,694 shares, compared to its average volume of 30,645. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market capitalization of $224.82 million, a P/E ratio of 22.24 and a beta of 0.80. First Western Financial, Inc. has a 12 month low of $15.54 and a 12 month high of $23.71. The stock has a 50 day moving average price of $21.38 and a two-hundred day moving average price of $20.08.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.20. First Western Financial had a net margin of 5.66% and a return on equity of 4.04%. The company had revenue of $24.80 million during the quarter, compared to analysts' expectations of $24.10 million. Equities analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $21.53, for a total value of $107,650.00. Following the completion of the sale, the chief executive officer owned 767,164 shares of the company's stock, valued at approximately $16,517,040.92. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by corporate insiders.

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.