Strs Ohio Buys New Holdings in First Western Financial, Inc. $MYFW

Key Points

• Strs Ohio acquired 24,900 shares of First Western Financial, Inc. (MYFW) for approximately $489,000, representing around 0.26% of the company's stock as of their latest SEC filing.
• Institutional ownership of First Western Financial stands at 60.26%, with notable increases in holdings from companies like Bank of America and Citadel Advisors during the recent quarters.
• Analysts have downgraded First Western Financial's rating from "hold" to "sell," with a consensus target price of $24.33.

Strs Ohio bought a new stake in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 24,900 shares of the company's stock, valued at approximately $489,000. Strs Ohio owned 0.26% of First Western Financial at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sippican Capital Advisors raised its position in 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 acquiring an additional 15,325 shares during the period. Nuveen LLC acquired a new position in First Western Financial during the first quarter worth $553,000. Bank of New York Mellon Corp raised its position in 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 acquiring an additional 2,047 shares during the period. Jacobs Asset Management LLC raised its position in 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 acquiring an additional 13,053 shares during the period. Finally, Bank of America Corp DE raised its position in 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 acquiring an additional 4,383 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Trading Down 1.8%

Shares of MYFW traded down $0.41 during trading on Monday, reaching $22.87. 14,658 shares of the company traded hands, compared to its average volume of 25,776. First Western Financial, Inc. has a twelve month low of $17.10 and a twelve month high of $24.88. The stock has a market cap of $222.30 million, a PE ratio of 19.56 and a beta of 0.87. The stock has a 50-day simple moving average of $22.70 and a 200-day simple moving average of $21.38. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.13). First Western Financial had a net margin of 6.50% and a return on equity of 4.55%. The company had revenue of $22.42 million for the quarter, compared to analyst estimates of $25.28 million. On average, analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at First Western Financial

In other news, CEO Scott C. Wylie sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $23.59, for a total value 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. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 17.90% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

First Western Financial 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.