North Reef Capital Management LP Buys 30,655 Shares of First Western Financial, Inc. $MYFW

North Reef Capital Management LP grew its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 4.5% in the first quarter, HoldingsChannel.com reports. The firm owned 716,609 shares of the company’s stock after buying an additional 30,655 shares during the quarter. North Reef Capital Management LP owned about 0.07% of First Western Financial worth $17,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after buying an additional 441 shares during the period. Focus Partners Wealth purchased a new stake in First Western Financial during the 3rd quarter valued at $49,000. JPMorgan Chase & Co. boosted its position in First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after buying an additional 1,555 shares during the period. R Squared Ltd bought a new stake in First Western Financial in the 4th quarter worth $208,000. Finally, Wells Fargo & Company MN grew its holdings in First Western Financial by 45.2% in the 4th quarter. Wells Fargo & Company MN now owns 10,605 shares of the company’s stock worth $284,000 after acquiring an additional 3,299 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Performance

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

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. First Western Financial had a net margin of 9.50% and a return on equity of 6.91%. The business had revenue of $28.14 million during the quarter, compared to analyst estimates of $28.57 million. As a group, research analysts predict that First Western Financial, Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at First Western Financial

In related news, CEO Scott C. Wylie sold 1,083 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the transaction, the chief executive officer owned 756,729 shares in the company, valued at $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.10% of the company’s stock.

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.