Raymond James Financial Inc. Acquires Shares of 25,000 First Western Financial, Inc. (NASDAQ:MYFW)

Raymond James Financial Inc. acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company's stock, valued at approximately $489,000. Raymond James Financial Inc. owned 0.26% of First Western Financial as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MYFW. Barclays PLC grew its position in shares of First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company's stock worth $353,000 after buying an additional 9,309 shares during the period. JPMorgan Chase & Co. grew its position 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 worth $273,000 after buying an additional 10,113 shares during the period. Sippican Capital Advisors grew its position in shares of First Western Financial by 81.9% during the 4th 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. Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of First Western Financial during the 4th quarter worth approximately $1,162,000. Finally, Empowered Funds LLC grew its position in shares of First Western Financial by 4.9% during the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock worth $448,000 after buying an additional 1,080 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

First Western Financial Stock Up 3.6%

NASDAQ MYFW traded up $0.78 during mid-day trading on Monday, hitting $22.38. The company's stock had a trading volume of 58,641 shares, compared to its average volume of 26,924. The company's 50 day simple moving average is $19.37 and its 200 day simple moving average is $19.83. First Western Financial, Inc. has a twelve month low of $15.54 and a twelve month high of $22.57. 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 capitalization of $216.35 million, a price-to-earnings ratio of 25.72 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $24.80 million for the quarter, compared to analysts' expectations of $24.10 million. Analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the firm'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 transaction, the chief executive officer now directly owns 767,164 shares in the company, valued at approximately $16,517,040.92. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MYFW. Keefe, Bruyette & Woods lifted their price target on shares of First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Hovde Group lifted their price target on shares of First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Piper Sandler lifted their price target on shares of First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday, April 28th.

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.