Tieton Capital Management LLC Purchases Shares of 187,274 First Western Financial, Inc. $MYFW

Key Points

• Tieton Capital Management acquired 187,274 shares of First Western Financial, valued at approximately $6.0 million, giving it a 1.92% stake. Institutional investors collectively own 60.26% of the company.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one rates it Hold and one rates it Sell, resulting in a consensus Hold rating and a $32 average price target.
• First Western Financial reported quarterly earnings of $0.57 per share, slightly ahead of estimates, while revenue of $28.14 million came in below expectations. Shares opened at $31.40, compared with a 52-week range of $21.31 to $34.36.

Tieton Capital Management LLC acquired a new position in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 187,274 shares of the company's stock, valued at approximately $6,013,000. First Western Financial comprises 1.7% of Tieton Capital Management LLC's portfolio, making the stock its 28th biggest holding. Tieton Capital Management LLC owned 1.92% of First Western Financial at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in First Western Financial during the second quarter worth $17,426,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of First Western Financial in the 2nd quarter valued at $5,485,000. Wellington Management Group LLP raised its holdings in shares of First Western Financial by 119.2% in the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company's stock valued at $6,506,000 after buying an additional 131,955 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of First Western Financial in the 3rd quarter valued at $3,012,000. Finally, Marshall Wace LLP acquired a new position in First Western Financial during the 2nd quarter worth about $2,194,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MYFW. Keefe, Bruyette & Woods lifted their target price on First Western Financial from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of First Western Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Piper Sandler lifted their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Finally, Zacks Research downgraded shares of First Western Financial from a "hold" rating to a "strong sell" rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, First Western Financial has a consensus rating of "Hold" and a consensus price target of $32.00.

First Western Financial Stock Performance

Shares of MYFW opened at $31.40 on Thursday. The stock has a 50-day simple moving average of $31.85 and a 200-day simple moving average of $28.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a market capitalization of $306.81 million, a PE ratio of 16.88 and a beta of 0.72. First Western Financial, Inc. has a 1 year low of $21.31 and a 1 year high of $34.36.

First Western Financial (NASDAQ:MYFW - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. The firm had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. On average, analysts predict that First Western Financial, Inc. will post 2.36 earnings per share for the current fiscal year.

First Western Financial Company Profile

First Western Financial, Inc NASDAQ: MYFW is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company's core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.

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