Persistent Asset Partners Ltd Has $528,000 Stock Position in First Western Financial, Inc. $MYFW

Persistent Asset Partners Ltd boosted its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 34.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,406 shares of the company’s stock after buying an additional 6,022 shares during the quarter. Persistent Asset Partners Ltd’s holdings in First Western Financial were worth $528,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Colorado Capital Management Inc. bought a new stake in shares of First Western Financial during the 2nd quarter worth approximately $897,000. Los Angeles Capital Management LLC acquired a new position in First Western Financial during the second quarter worth $755,000. Nuveen LLC bought a new stake in First Western Financial during the first quarter worth $553,000. Strs Ohio acquired a new stake in First Western Financial in the first quarter valued at $489,000. Finally, Acadian Asset Management LLC lifted its stake in First Western Financial by 122.7% in the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock valued at $796,000 after acquiring an additional 22,382 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 5,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $23.59, for a total value of $117,950.00. Following the transaction, the chief executive officer directly owned 757,164 shares of the company’s stock, valued at $17,861,498.76. This represents a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 15.50% of the stock is owned by company insiders.

First Western Financial Stock Up 2.0%

First Western Financial stock opened at $23.84 on Friday. The company’s 50-day moving average price is $22.96 and its two-hundred day moving average price is $22.45. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The stock has a market cap of $231.61 million, a P/E ratio of 18.48 and a beta of 0.89. First Western Financial, Inc. has a twelve month low of $17.10 and a twelve month high of $24.88.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Friday, March 4th. The company reported $0.62 earnings per share (EPS) for the quarter. First Western Financial had a return on equity of 4.91% and a net margin of 6.91%.The company had revenue of $23.41 million during the quarter. As a group, analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

MYFW has been the topic of a number of research analyst reports. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of First Western Financial in a research note on Thursday. Finally, Wall Street Zen raised First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, First Western Financial has an average rating of “Hold” and a consensus target price of $24.33.

First Western Financial Company 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.