Rhino Investment Partners Inc Buys 177,248 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Rhino Investment Partners Inc increased its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 322.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,189 shares of the company's stock after purchasing an additional 177,248 shares during the quarter. Rhino Investment Partners Inc owned approximately 2.40% of First Western Financial worth $4,539,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MYFW. Boothbay Fund Management LLC raised its stake in First Western Financial by 75.4% in the fourth quarter. Boothbay Fund Management LLC now owns 60,461 shares of the company's stock valued at $1,182,000 after buying an additional 25,986 shares during the period. North Reef Capital Management LP raised its stake in First Western Financial by 3.0% in the 4th quarter. North Reef Capital Management LP now owns 312,423 shares of the company's stock worth $6,108,000 after purchasing an additional 9,002 shares in the last quarter. Mendon Capital Advisors Corp boosted its stake in shares of First Western Financial by 152.1% in the fourth quarter. Mendon Capital Advisors Corp now owns 257,598 shares of the company's stock valued at $5,036,000 after buying an additional 155,432 shares during the period. Hsbc Holdings PLC lifted its position in shares of First Western Financial by 5.0% during the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock valued at $285,000 after acquiring an additional 696 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in First Western Financial by 244.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock worth $25,000 after buying an additional 894 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

First Western Financial Trading Up 4.1 %

Shares of First Western Financial stock traded up $0.86 during midday trading on Friday, reaching $21.75. The company had a trading volume of 28,281 shares, compared to its average volume of 25,882. The stock has a fifty day moving average price of $19.19 and a 200 day moving average price of $19.83. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. The firm has a market cap of $211.06 million, a PE ratio of 25.00 and a beta of 0.65. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.20. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. The firm had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.10 million. On average, equities analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on MYFW. Piper Sandler boosted their target price on 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 upped 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, Keefe, Bruyette & Woods lifted their price target 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.

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.