Levin Capital Strategies L.P. Makes New Investment in First Western Financial, Inc. $MYFW

Levin Capital Strategies L.P. acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) in the 4th quarter, Holdings Channel.com reports. The firm acquired 43,432 shares of the company’s stock, valued at approximately $1,164,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MYFW. Algebris UK Ltd. bought a new stake in First Western Financial during the 3rd quarter worth about $7,258,000. Hotchkis & Wiley Capital Management LLC bought a new stake in First Western Financial during the 3rd quarter worth about $3,012,000. Marshall Wace LLP bought a new stake in First Western Financial during the 2nd quarter worth about $2,194,000. North Reef Capital Management LP raised its holdings in First Western Financial by 13.2% during the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock worth $14,225,000 after purchasing an additional 72,102 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its holdings in First Western Financial by 58.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock worth $3,598,000 after purchasing an additional 57,565 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

First Western Financial Price Performance

First Western Financial stock opened at $27.74 on Thursday. The firm has a market capitalization of $270.05 million, a P/E ratio of 17.90 and a beta of 0.66. First Western Financial, Inc. has a 1 year low of $20.07 and a 1 year high of $28.41. The business has a 50-day moving average of $25.38 and a 200-day moving average of $25.00. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.19. The company had revenue of $28.27 million during the quarter, compared to analyst estimates of $27.30 million. First Western Financial had a return on equity of 5.81% and a net margin of 8.02%. On average, equities analysts anticipate that First Western Financial, Inc. will post 2.11 EPS for the current year.

Insider Activity

In other news, Director David R. Duncan sold 8,626 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total transaction of $220,480.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Piper Sandler boosted their target price on First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, First Western Financial has a consensus rating of “Buy” and a consensus price target of $27.00.

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.