Jacobs Asset Management LLC Increases Position in First Western Financial, Inc. (NASDAQ:MYFW)

Jacobs Asset Management LLC raised its stake in First Western Financial, Inc. (NASDAQ:MYFW) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,114 shares of the company’s stock after acquiring an additional 49,679 shares during the period. First Western Financial accounts for approximately 2.8% of Jacobs Asset Management LLC’s portfolio, making the stock its 15th largest position. Jacobs Asset Management LLC’s holdings in First Western Financial were worth $4,162,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MYFW. FMR LLC boosted its holdings in shares of First Western Financial by 347.2% during the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after acquiring an additional 2,420 shares in the last quarter. ELCO Management Co. LLC purchased a new position in First Western Financial during the 2nd quarter valued at about $194,000. Hsbc Holdings PLC bought a new stake in shares of First Western Financial during the 2nd quarter worth $210,000. Sippican Capital Advisors purchased a new stake in shares of First Western Financial during the third quarter valued at approximately $272,000. Finally, Empowered Funds LLC raised its stake in First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after buying an additional 1,072 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

First Western Financial Trading Down 1.4 %

Shares of NASDAQ MYFW opened at $21.90 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. First Western Financial, Inc. has a one year low of $12.84 and a one year high of $22.32. The business has a 50-day moving average price of $20.40 and a two-hundred day moving average price of $18.71. The firm has a market capitalization of $211.55 million, a PE ratio of 35.32 and a beta of 0.65.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $45.06 million during the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a net margin of 3.33% and a return on equity of 2.44%. During the same period last year, the business posted $0.32 EPS. As a group, analysts predict that First Western Financial, Inc. will post 0.96 earnings per share for the current fiscal year.

Insider Buying and Selling at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $19.03, for a total value of $163,658.00. Following the transaction, the director now owns 8,760 shares in the company, valued at approximately $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MYFW shares. Keefe, Bruyette & Woods lowered their price objective on First Western Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Piper Sandler raised their price objective on First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Hovde Group increased their target price on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th.

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.