Banc Funds Co. LLC Cuts Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Banc Funds Co. LLC lowered its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,177 shares of the company’s stock after selling 86,143 shares during the quarter. First Western Financial accounts for about 1.4% of Banc Funds Co. LLC’s investment portfolio, making the stock its 24th biggest holding. Banc Funds Co. LLC owned 0.07% of First Western Financial worth $12,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC raised its position in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after buying an additional 2,420 shares during the last quarter. Wells Fargo & Company MN lifted its position in First Western Financial by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock valued at $115,000 after purchasing an additional 1,110 shares during the period. Rhumbline Advisers boosted its holdings in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock worth $247,000 after purchasing an additional 1,090 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock valued at $273,000 after buying an additional 10,113 shares during the period. Finally, Barclays PLC boosted its stake in shares of First Western Financial by 112.5% in the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock worth $353,000 after buying an additional 9,309 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MYFW. Piper Sandler reduced their price objective on First Western Financial from $23.00 to $22.50 and set a “neutral” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 27th.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $18.17 on Thursday. The stock has a 50-day moving average price of $19.43 and a 200 day moving average price of $19.87. The stock has a market capitalization of $176.32 million, a P/E ratio of 20.89 and a beta of 0.65. First Western Financial, Inc. has a 12-month low of $13.46 and a 12-month high of $22.32. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Equities research analysts forecast that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

About First Western Financial

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.