Jacobs Asset Management LLC Has $6.10 Million Stock Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its position in First Western Financial by 4.9% during the fourth quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock valued at $448,000 after purchasing an additional 1,080 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 during the last quarter. Rhumbline Advisers lifted its holdings 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 valued at $247,000 after buying an additional 1,090 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of First Western Financial by 9.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 154,878 shares of the company's stock valued at $3,028,000 after buying an additional 13,462 shares in the last quarter. Finally, Tieton Capital Management LLC increased its holdings in First Western Financial by 22.4% in the fourth quarter. Tieton Capital Management LLC now owns 184,612 shares of the company's stock worth $3,609,000 after buying an additional 33,822 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

MYFW has been the topic of several analyst reports. Piper Sandler increased their price target on shares of First Western Financial from $21.50 to $22.50 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Hovde Group increased their target price on shares of First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods boosted their price target on First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th.

First Western Financial Stock Performance

Shares of NASDAQ MYFW traded up $0.03 during trading hours on Friday, hitting $22.42. 80,120 shares of the company's stock were exchanged, compared to its average volume of 27,317. The company's 50-day moving average price is $19.62 and its 200-day moving average price is $19.91. First Western Financial, Inc. has a 1-year low of $15.54 and a 1-year high of $23.61. The stock has a market capitalization of $217.81 million, a price-to-earnings ratio of 25.77 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.

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

Insider Activity at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 767,164 shares of the company's stock, valued at $16,517,040.92. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.50% of the stock is owned by corporate insiders.

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.