Jacobs Asset Management LLC Boosts Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Jacobs Asset Management LLC raised its position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,124 shares of the company's stock after buying an additional 104,010 shares during the quarter. First Western Financial comprises 3.7% of Jacobs Asset Management LLC's portfolio, making the stock its 12th biggest holding. Jacobs Asset Management LLC owned approximately 3.23% of First Western Financial worth $6,102,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MYFW. Barclays PLC grew its holdings in First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock valued at $353,000 after buying an additional 9,309 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after buying an additional 10,113 shares in the last quarter. Sippican Capital Advisors grew its holdings in First Western Financial by 81.9% during the 4th quarter. Sippican Capital Advisors now owns 24,745 shares of the company's stock valued at $484,000 after buying an additional 11,145 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. purchased a new position in First Western Financial during the 4th quarter valued at approximately $1,162,000. Finally, Empowered Funds LLC boosted its holdings in shares of First Western Financial by 4.9% in the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock worth $448,000 after purchasing an additional 1,080 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $21.53, for a total transaction of $107,650.00. Following the completion of the transaction, the chief executive officer now owns 767,164 shares in the company, valued at $16,517,040.92. The trade was a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.50% of the stock is owned by company insiders.

First Western Financial Trading Down 0.2%

Shares of First Western Financial stock traded down $0.05 on Wednesday, reaching $22.23. The company had a trading volume of 14,742 shares, compared to its average volume of 26,779. The firm has a market cap of $214.85 million, a price-to-earnings ratio of 25.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. The firm's 50-day moving average price is $19.44 and its two-hundred day moving average price is $19.86. First Western Financial, Inc. has a 1 year low of $15.54 and a 1 year high of $23.53.

First Western Financial (NASDAQ:MYFW - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.20. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. The firm had revenue of $24.80 million during the quarter, compared to analysts' expectations of $24.10 million. As a group, research analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MYFW. Hovde Group lifted their target price on First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a report on Monday, April 28th. Piper Sandler lifted their target price on First Western Financial from $21.50 to $22.50 and gave the stock a "neutral" rating in a 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.

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.