JPMorgan Chase & Co. Purchases 16,078 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of First Western Financial during the 4th quarter worth $1,162,000. Tieton Capital Management LLC raised its holdings in First Western Financial by 22.4% in the 4th quarter. Tieton Capital Management LLC now owns 184,612 shares of the company's stock worth $3,609,000 after purchasing an additional 33,822 shares during the period. Raymond James Financial Inc. bought a new stake in First Western Financial during the fourth quarter valued at about $489,000. Diamond Hill Capital Management Inc. increased its position in First Western Financial by 9.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,878 shares of the company's stock worth $3,028,000 after buying an additional 13,462 shares in the last quarter. Finally, Sippican Capital Advisors raised its stake in shares of First Western Financial by 81.9% in the fourth quarter. Sippican Capital Advisors now owns 24,745 shares of the company's stock worth $484,000 after buying an additional 11,145 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

First Western Financial Price Performance

MYFW traded down $0.13 on Tuesday, hitting $21.56. 89,812 shares of the company's stock traded hands, compared to its average volume of 26,075. First Western Financial, Inc. has a one year low of $15.54 and a one year high of $22.32. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The firm has a market cap of $208.42 million, a price-to-earnings ratio of 24.78 and a beta of 0.82. The company's 50 day simple moving average is $19.26 and its 200-day simple moving average is $19.83.

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, topping the consensus estimate of $0.23 by $0.20. The firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. As a group, research analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MYFW shares. Keefe, Bruyette & Woods increased their target price on shares of First Western Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Piper Sandler increased their price objective 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. Finally, Hovde Group lifted their target price on shares of First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research note on Monday, April 28th.

First Western Financial Company 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.