Jacobs Asset Management LLC Reduces Holdings in First Western Financial, Inc. $MYFW

Jacobs Asset Management LLC trimmed its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,740 shares of the company’s stock after selling 47,219 shares during the quarter. First Western Financial makes up approximately 4.0% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Jacobs Asset Management LLC owned about 2.76% of First Western Financial worth $7,178,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund grew its holdings in First Western Financial by 1,470.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in First Western Financial by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after buying an additional 441 shares in the last quarter. Focus Partners Wealth purchased a new stake in First Western Financial in the 3rd quarter valued at $49,000. JPMorgan Chase & Co. grew its holdings in 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in First Western Financial in the 4th quarter valued at $208,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Price Performance

MYFW opened at $30.53 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The firm has a market cap of $297.06 million, a price-to-earnings ratio of 19.70 and a beta of 0.73. The stock’s 50-day moving average price is $27.92 and its 200 day moving average price is $26.24. First Western Financial, Inc. has a 12-month low of $20.29 and a 12-month high of $31.15.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.19. The company had revenue of $27.58 million for the quarter, compared to analyst estimates of $27.30 million. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%. As a group, sell-side analysts expect that First Western Financial, Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at First Western Financial

In other news, CEO Scott C. Wylie sold 1,083 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was 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 approximately $21,581,911.08. This trade represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MYFW. Piper Sandler upped their target price on First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $27.00.

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.