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

Raymond James Financial Inc. bought a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company's stock, valued at approximately $489,000. Raymond James Financial Inc. owned about 0.26% of First Western Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after buying an additional 1,110 shares during the last quarter. Rhumbline Advisers boosted 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 acquiring an additional 1,090 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of First Western Financial by 284.0% during the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company's stock valued at $273,000 after purchasing an additional 10,113 shares during the last quarter. Barclays PLC grew its holdings in shares of First Western Financial by 112.5% during the third quarter. Barclays PLC now owns 17,583 shares of the company's stock valued at $353,000 after purchasing an additional 9,309 shares during the last quarter. Finally, ELCO Management Co. LLC raised its position in shares of First Western Financial by 46.7% during the 4th quarter. ELCO Management Co. LLC now owns 18,763 shares of the company's stock worth $367,000 after purchasing an additional 5,971 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MYFW has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on First Western Financial from $21.50 to $22.50 and gave the company a "neutral" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods raised their target price on First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Hovde Group upped their price target 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.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the stock in a transaction dated Friday, May 9th. The shares were 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 in the company, valued at $16,517,040.92. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 15.50% of the company's stock.

First Western Financial Stock Performance

Shares of MYFW traded down $0.05 during mid-day trading on Wednesday, reaching $22.23. 18,155 shares of the company's stock traded hands, compared to its average volume of 26,793. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. The business's 50-day moving average price is $19.44 and its 200-day moving average price is $19.86. The stock has a market capitalization of $214.85 million, a P/E ratio of 25.55 and a beta of 0.82. First Western Financial, Inc. has a 12 month low of $15.54 and a 12 month 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 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 firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.10 million. Equities analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

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.