First Western Financial, Inc. (NASDAQ:MYFW) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,196 shares of the company’s stock after selling 56,602 shares during the period. Kennedy Capital Management LLC owned approximately 2.56% of First Western Financial worth $3,590,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of First Western Financial by 7.6% during the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock valued at $325,000 after acquiring an additional 1,575 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of First Western Financial by 67.5% during the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock valued at $58,000 after purchasing an additional 1,599 shares during the last quarter. Vanguard Group Inc. increased its stake in First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after purchasing an additional 4,415 shares in the last quarter. Strs Ohio acquired a new stake in First Western Financial during the 4th quarter worth about $239,000. Finally, Wasatch Advisors LP raised its holdings in First Western Financial by 10.0% during the 4th quarter. Wasatch Advisors LP now owns 317,818 shares of the company’s stock worth $6,302,000 after buying an additional 28,962 shares during the period. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Stock Up 4.7 %

NASDAQ:MYFW traded up $0.81 on Tuesday, hitting $18.15. 10,921 shares of the company’s stock traded hands, compared to its average volume of 25,951. The company has a market cap of $174.62 million, a PE ratio of 22.52 and a beta of 0.61. First Western Financial, Inc. has a 1 year low of $12.84 and a 1 year high of $21.73. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $17.59 and a 200-day moving average price of $16.28.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.20). The company had revenue of $45.03 million for the quarter, compared to analyst estimates of $23.70 million. First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. During the same quarter in the prior year, the business posted $0.25 earnings per share. Equities analysts anticipate that First Western Financial, Inc. will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MYFW. Piper Sandler boosted their price target on shares of First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Keefe, Bruyette & Woods cut their target price on shares of First Western Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th.

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.