First Western Financial, Inc. $MYFW Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 103.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 98,729 shares of the company’s stock after purchasing an additional 50,268 shares during the period. Sei Investments Co.’s holdings in First Western Financial were worth $2,427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. purchased a new stake in shares of First Western Financial in the 4th quarter valued at approximately $1,164,000. Round Rock Advisors LLC grew its stake in shares of First Western Financial by 125.6% during the fourth quarter. Round Rock Advisors LLC now owns 41,081 shares of the company’s stock worth $1,101,000 after purchasing an additional 22,871 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in First Western Financial by 36,113.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after buying an additional 75,838 shares during the last quarter. Algebris UK Ltd. raised its stake in First Western Financial by 8.0% in the fourth quarter. Algebris UK Ltd. now owns 340,807 shares of the company’s stock valued at $9,141,000 after buying an additional 25,358 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in First Western Financial by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after buying an additional 1,555 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Scott C. Wylie sold 1,083 shares of the company’s stock in a transaction dated 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 approximately $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.10% of the company’s stock.

First Western Financial Price Performance

MYFW stock opened at $31.34 on Friday. The company has a market capitalization of $306.19 million, a P/E ratio of 16.85 and a beta of 0.72. First Western Financial, Inc. has a twelve month low of $20.40 and a twelve month high of $34.36. The business has a 50 day simple moving average of $31.44 and a 200-day simple moving average of $28.04. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) 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 6.82%. The business had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. As a group, equities analysts anticipate that First Western Financial, Inc. will post 2.36 EPS for the current year.

Analysts Set New Price Targets

MYFW has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on First Western Financial from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Piper Sandler boosted their price objective on shares of First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Zacks Research cut shares of First Western Financial from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, First Western Financial presently has a consensus rating of “Hold” and an average price target of $32.00.

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.