First Western Financial, Inc. $MYFW Shares Sold by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. lessened its position in First Western Financial, Inc. (NASDAQ:MYFW) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,195 shares of the company’s stock after selling 22,750 shares during the period. Punch & Associates Investment Management Inc. owned about 2.55% of First Western Financial worth $6,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MYFW. Levin Capital Strategies L.P. acquired a new position in First Western Financial in the 4th quarter valued at $1,164,000. Round Rock Advisors LLC grew its position in shares of First Western Financial by 125.6% in the fourth quarter. Round Rock Advisors LLC now owns 41,081 shares of the company’s stock valued at $1,101,000 after purchasing an additional 22,871 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of First Western Financial by 36,113.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after purchasing an additional 75,838 shares during the period. Algebris UK Ltd. increased its stake in First Western Financial by 8.0% in the fourth quarter. Algebris UK Ltd. now owns 340,807 shares of the company’s stock valued at $9,141,000 after purchasing an additional 25,358 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in First Western Financial in the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 1,083 shares of First Western Financial stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the sale, the chief executive officer owned 756,729 shares of the company’s stock, valued at $21,581,911.08. The trade was a 0.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of First Western Financial in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on First Western Financial from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Zacks Research cut First Western Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, First Western Financial currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

First Western Financial Stock Performance

Shares of NASDAQ:MYFW opened at $31.97 on Friday. The business’s 50-day simple moving average is $30.84 and its 200 day simple moving average is $27.68. The company has a market cap of $311.07 million, a P/E ratio of 17.19 and a beta of 0.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. First Western Financial, Inc. has a one year low of $20.40 and a one year high of $34.36.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. First Western Financial had a return on equity of 6.91% and a net margin of 9.50%.The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $28.57 million. On average, sell-side analysts forecast that First Western Financial, Inc. will post 2.44 earnings per share for the current fiscal year.

First Western Financial Company 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.