Sippican Capital Advisors Has $787,000 Stock Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Sippican Capital Advisors raised its position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 61.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 40,070 shares of the company's stock after acquiring an additional 15,325 shares during the period. Sippican Capital Advisors owned about 0.41% of First Western Financial worth $787,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MYFW. Hsbc Holdings PLC raised its stake in shares of 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 purchasing an additional 696 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $25,000 after purchasing an additional 894 shares in the last quarter. Rhumbline Advisers raised 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 worth $247,000 after purchasing an additional 1,090 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock worth $115,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of First Western Financial by 10.7% during the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company's stock worth $338,000 after purchasing an additional 1,678 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 5,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $21.53, for a total value of $107,650.00. Following the sale, the chief executive officer owned 767,164 shares in the company, valued at approximately $16,517,040.92. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.50% of the company's stock.

First Western Financial Stock Performance

MYFW traded up $0.23 during trading hours on Friday, reaching $23.36. The company's stock had a trading volume of 50,460 shares, compared to its average volume of 30,795. First Western Financial, Inc. has a 52 week low of $15.54 and a 52 week high of $23.85. The company's 50-day moving average is $21.63 and its 200-day moving average is $20.13. 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 firm has a market cap of $227.01 million, a PE ratio of 22.46 and a beta of 0.80.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Hovde Group upped their price objective on First Western Financial from $23.00 to $24.50 and gave the stock 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 stock a "neutral" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods upped their price objective on First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th.

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.