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

Rhino Investment Partners Inc grew its holdings in First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 322.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 232,189 shares of the company's stock after acquiring an additional 177,248 shares during the quarter. Rhino Investment Partners Inc owned 2.40% of First Western Financial worth $4,539,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in First Western Financial by 244.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after acquiring an additional 894 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Western Financial by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after purchasing an additional 1,110 shares during the period. Rhumbline Advisers increased its position in First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock valued at $247,000 after buying an additional 1,090 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $273,000 after purchasing an additional 10,113 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in First Western Financial by 5.0% during the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock worth $285,000 after purchasing an additional 696 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Hovde Group upped their target price on First Western Financial from $23.00 to $24.50 and gave the company an "outperform" rating in a report on Monday, April 28th. Piper Sandler raised their price objective on shares of First Western Financial from $21.50 to $22.50 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods increased their target price 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.

First Western Financial Stock Performance

Shares of First Western Financial stock traded up $0.12 during trading hours on Tuesday, reaching $21.81. The company had a trading volume of 13,880 shares, compared to its average volume of 25,832. The firm has a market cap of $210.79 million, a PE ratio of 25.06 and a beta of 0.82. First Western Financial, Inc. has a one year low of $15.54 and a one year 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. The business has a fifty day simple moving average of $19.22 and a 200 day simple moving average of $19.82.

First Western Financial (NASDAQ:MYFW - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $24.10 million. On average, analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

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.