CM Wealth Advisors LLC Takes $835,000 Position in First Western Financial, Inc. $MYFW

CM Wealth Advisors LLC bought a new stake in First Western Financial, Inc. (NASDAQ:MYFW) during the second quarter, HoldingsChannel reports. The firm bought 26,002 shares of the company’s stock, valued at approximately $835,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of First Western Financial by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of First Western Financial in the 3rd quarter valued at approximately $49,000. JPMorgan Chase & Co. boosted its holdings in shares of First Western Financial by 26.8% in 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 last quarter. R Squared Ltd bought a new position in shares of First Western Financial in the fourth quarter valued at $208,000. Finally, Jane Street Group LLC bought a new position in shares of First Western Financial in the second quarter valued at $245,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MYFW. Keefe, Bruyette & Woods increased their price target on shares of First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Piper Sandler lifted their price target on First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

First Western Financial Price Performance

NASDAQ:MYFW opened at $31.40 on Thursday. The company has a market cap of $306.81 million, a P/E ratio of 16.88 and a beta of 0.72. The firm’s fifty day moving average price is $31.85 and its two-hundred day moving average price is $28.38. First Western Financial, Inc. has a one year low of $21.31 and a one year high of $34.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.01.

First Western Financial (NASDAQ:MYFW) last announced its earnings results 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 6.82%. The business had revenue of $28.14 million during the quarter, compared to the consensus estimate of $28.57 million. Equities analysts expect that First Western Financial, Inc. will post 2.36 earnings per share for the current 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.