SummerHaven Investment Management LLC Invests $819,000 in First Western Financial, Inc. $MYFW

SummerHaven Investment Management LLC acquired a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,552 shares of the company’s stock, valued at approximately $819,000. SummerHaven Investment Management LLC owned about 0.37% of First Western Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in First Western Financial during the second quarter valued at about $219,000. Jane Street Group LLC bought a new position in shares of First Western Financial during the 2nd quarter valued at about $245,000. Arrowstreet Capital Limited Partnership bought a new position in shares of First Western Financial during the 2nd quarter valued at about $357,000. Persistent Asset Partners Ltd raised its holdings in shares of First Western Financial by 34.6% during the 2nd quarter. Persistent Asset Partners Ltd now owns 23,406 shares of the company’s stock valued at $528,000 after buying an additional 6,022 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in First Western Financial by 8.0% in the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock worth $487,000 after buying an additional 1,824 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MYFW has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 16,171 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $25.72, for a total value of $415,918.12. Following the transaction, the chief executive officer owned 756,482 shares in the company, valued at approximately $19,456,717.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Duncan sold 4,406 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $25.11, for a total transaction of $110,634.66. Following the sale, the director owned 1,674 shares of the company’s stock, valued at approximately $42,034.14. This represents a 72.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.90% of the stock is currently owned by insiders.

First Western Financial Stock Performance

Shares of MYFW stock opened at $24.60 on Thursday. The company has a market capitalization of $238.87 million, a P/E ratio of 18.22 and a beta of 0.77. First Western Financial, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a 50 day moving average price of $25.52 and a two-hundred day moving average price of $23.76.

First Western Financial (NASDAQ:MYFW) last issued its earnings results on Thursday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.13). First Western Financial had a return on equity of 5.09% and a net margin of 7.08%.The firm had revenue of $26.71 million during the quarter, compared to the consensus estimate of $27.50 million. Analysts expect that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

First Western Financial Profile

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.