Sippican Capital Advisors Increases Holdings in First Western Financial, Inc. $MYFW

Sippican Capital Advisors increased its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,100 shares of the company’s stock after purchasing an additional 5,030 shares during the period. Sippican Capital Advisors’ holdings in First Western Financial were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in First Western Financial by 40.7% in the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company’s stock valued at $296,000 after buying an additional 4,383 shares during the last quarter. Persistent Asset Partners Ltd grew its stake in shares of First Western Financial by 19.6% during the first quarter. Persistent Asset Partners Ltd now owns 17,384 shares of the company’s stock valued at $342,000 after acquiring an additional 2,846 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of First Western Financial by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 18,664 shares of the company’s stock valued at $367,000 after acquiring an additional 2,047 shares in the last quarter. Empowered Funds LLC grew its stake in shares of First Western Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after acquiring an additional 1,824 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of First Western Financial during the first quarter valued at about $489,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

First Western Financial Stock Down 5.6%

NASDAQ:MYFW opened at $22.06 on Friday. The company has a market capitalization of $214.42 million, a price-to-earnings ratio of 18.54 and a beta of 0.85. First Western Financial, Inc. has a one year low of $17.10 and a one year high of $24.88. The stock has a 50-day simple moving average of $22.50 and a 200 day simple moving average of $21.70. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.10 and a current ratio of 1.11.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Friday, March 4th. The company reported $0.62 EPS for the quarter. The business had revenue of $23.41 million during the quarter. First Western Financial had a return on equity of 4.55% and a net margin of 6.50%. Sell-side analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Scott C. Wylie sold 5,000 shares of First Western Financial stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the transaction, the chief executive officer directly owned 757,164 shares in the company, valued at approximately $17,861,498.76. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.50% of the company’s stock.

Analyst Ratings Changes

MYFW has been the subject of several recent analyst reports. Zacks Research upgraded First Western Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen downgraded First Western Financial from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Western Financial in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.33.

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.