CM Wealth Advisors LLC Acquires Shares of 26,002 First Western Financial, Inc. $MYFW

CM Wealth Advisors LLC purchased a new stake in First Western Financial, Inc. (NASDAQ:MYFW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,002 shares of the company’s stock, valued at approximately $835,000. CM Wealth Advisors LLC owned 0.27% of First Western Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MYFW. Empowered Funds LLC boosted its holdings in shares of First Western Financial by 8.0% in the 1st quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock worth $487,000 after acquiring an additional 1,824 shares in the last quarter. Acadian Asset Management LLC boosted its stake in First Western Financial by 122.7% in the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock worth $796,000 after purchasing an additional 22,382 shares in the last quarter. Geode Capital Management LLC boosted its stake in First Western Financial by 3.7% in the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock worth $4,100,000 after purchasing an additional 6,431 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of First Western Financial during the second quarter worth $357,000. Finally, Marshall Wace LLP bought a new stake in shares of First Western Financial during the second quarter worth $2,194,000. 60.26% of the stock is owned by institutional investors.

First Western Financial Price Performance

MYFW stock opened at $31.40 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The stock has a market cap of $306.81 million, a PE ratio of 16.88 and a beta of 0.72. The stock has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $28.38. First Western Financial, Inc. has a 1 year low of $21.31 and a 1 year high of $34.36.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data 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 return on equity of 6.82% and a net margin of 9.50%.The business had revenue of $28.14 million during the quarter, compared to the consensus estimate of $28.57 million. Equities analysts forecast that First Western Financial, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MYFW has been the subject of a number of research reports. Zacks Research lowered shares of First Western Financial from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Weiss Ratings raised First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods boosted 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. Finally, Piper Sandler upped their price target on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.00.

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.