Wasatch Advisors LP Lowers Position in First Western Financial, Inc. (NASDAQ:MYFW)

Wasatch Advisors LP trimmed its stake in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,817 shares of the company's stock after selling 116,192 shares during the quarter. Wasatch Advisors LP owned 3.41% of First Western Financial worth $6,448,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Western Financial by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company's stock valued at $451,000 after acquiring an additional 1,592 shares during the last quarter. FMR LLC boosted its holdings in First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company's stock worth $62,000 after purchasing an additional 2,420 shares during the last quarter. State Street Corp grew its holdings in shares of First Western Financial by 5.3% in the third quarter. State Street Corp now owns 112,268 shares of the company's stock worth $2,245,000 after acquiring an additional 5,611 shares during the period. Barclays PLC boosted its position in First Western Financial by 112.5% in the third quarter. Barclays PLC now owns 17,583 shares of the company's stock worth $353,000 after purchasing an additional 9,309 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of First Western Financial by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 174,570 shares of the company's stock valued at $3,492,000 after purchasing an additional 2,661 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MYFW has been the topic of several recent research reports. Piper Sandler decreased their price target on shares of First Western Financial from $23.00 to $22.50 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on shares of First Western Financial from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Monday, January 27th.

First Western Financial Trading Up 2.1 %

MYFW stock traded up $0.39 during midday trading on Tuesday, reaching $18.57. The company's stock had a trading volume of 5,111 shares, compared to its average volume of 25,308. First Western Financial, Inc. has a 1 year low of $14.33 and a 1 year high of $22.32. The firm has a market capitalization of $180.15 million, a price-to-earnings ratio of 21.34 and a beta of 0.65. The stock has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $19.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. On average, equities research analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current year.

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.