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

North Reef Capital Management LP grew its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716,609 shares of the company’s stock after purchasing an additional 30,655 shares during the period. North Reef Capital Management LP owned approximately 7.36% of First Western Financial worth $17,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MYFW. Wellington Management Group LLP grew its position in First Western Financial by 119.2% during the fourth quarter. Wellington Management Group LLP now owns 242,680 shares of the company’s stock worth $6,506,000 after buying an additional 131,955 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of First Western Financial in the 3rd quarter valued at about $3,012,000. Marshall Wace LLP purchased a new stake in shares of First Western Financial in the 2nd quarter valued at about $2,194,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Western Financial by 36,113.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after acquiring an additional 75,838 shares during the last quarter. Finally, PMC FIG Opportunities LLC boosted its position in shares of First Western Financial by 77.0% during the 3rd quarter. PMC FIG Opportunities LLC now owns 120,111 shares of the company’s stock valued at $2,766,000 after acquiring an additional 52,234 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other First Western Financial news, CEO Scott C. Wylie sold 1,083 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total value of $30,887.16. Following the completion of the sale, the chief executive officer directly owned 756,729 shares of the company’s stock, valued at $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.10% of the stock is owned by corporate insiders.

First Western Financial Trading Down 0.7%

MYFW stock opened at $31.97 on Friday. The company has a market capitalization of $311.07 million, a PE ratio of 17.19 and a beta of 0.71. First Western Financial, Inc. has a one year low of $20.40 and a one year high of $34.36. The company’s 50 day moving average price is $30.84 and its two-hundred day moving average price is $27.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $28.14 million during the quarter, compared to analyst estimates of $28.57 million. As a group, analysts predict that First Western Financial, Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

First Western Financial 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.