JPMorgan Chase & Co. Grows Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

JPMorgan Chase & Co. grew its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 117.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,752 shares of the company's stock after acquiring an additional 16,078 shares during the period. JPMorgan Chase & Co. owned about 0.31% of First Western Financial worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake 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 buying an additional 9,309 shares in the last quarter. State Street Corp raised its position in shares of First Western Financial by 5.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $3,492,000 after purchasing an additional 2,661 shares during the last quarter. 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 in the last quarter. Finally, Rhumbline Advisers grew its stake in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock valued at $247,000 after purchasing an additional 1,090 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

First Western Financial Stock Performance

First Western Financial stock traded up $0.86 during mid-day trading on Friday, reaching $21.75. 28,281 shares of the company traded hands, compared to its average volume of 25,832. The firm's fifty day moving average is $19.19 and its two-hundred day moving average is $19.84. The company has a market capitalization of $211.06 million, a price-to-earnings ratio of 25.00 and a beta of 0.65. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. 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 issued its quarterly 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. The company had revenue of $24.80 million during the quarter, compared to analysts' expectations of $24.10 million. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. On average, equities research analysts expect 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 analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods upped 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. Finally, Hovde Group boosted their target price on First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a research note 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.