Permanent Capital Management LP Invests $563,000 in First Western Financial, Inc. $MYFW

Permanent Capital Management LP acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,000 shares of the company’s stock, valued at approximately $563,000.

Several other large investors have also bought and sold shares of MYFW. JPMorgan Chase & Co. grew its position in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after acquiring an additional 1,555 shares during the last quarter. PMC FIG Opportunities LLC lifted its holdings in shares of First Western Financial by 77.0% in the third quarter. PMC FIG Opportunities LLC now owns 120,111 shares of the company’s stock worth $2,766,000 after acquiring an additional 52,234 shares during the last quarter. North Reef Capital Management LP boosted its stake in shares of First Western Financial by 13.2% in the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock valued at $14,225,000 after purchasing an additional 72,102 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of First Western Financial in the 3rd quarter valued at approximately $49,000. Finally, Boothbay Fund Management LLC grew its holdings in shares of First Western Financial by 58.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock valued at $3,598,000 after purchasing an additional 57,565 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Zacks Research cut shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 16th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.33.

Insider Transactions at First Western Financial

In other news, Director David R. Duncan sold 8,626 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total value of $220,480.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott C. Mitchell sold 3,178 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $23.96, for a total value of $76,144.88. Following the transaction, the director owned 5,423 shares of the company’s stock, valued at $129,935.08. This trade represents a 36.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,793 shares of company stock worth $522,567 in the last quarter. Corporate insiders own 15.50% of the company’s stock.

First Western Financial Price Performance

Shares of NASDAQ:MYFW opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.05. First Western Financial, Inc. has a 52 week low of $17.52 and a 52 week high of $28.00. The firm has a market cap of $238.34 million, a PE ratio of 18.13 and a beta of 0.76. The firm’s fifty day moving average is $25.41 and its 200-day moving average is $24.41.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. Sell-side analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

About First Western Financial

First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.

Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.