Curi RMB Capital LLC Boosts Stock Position in First Western Financial, Inc. (NASDAQ:MYFW)

Curi RMB Capital LLC lifted its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 25.1% during the third quarter, Holdings Channel.com reports. The fund owned 89,374 shares of the company’s stock after acquiring an additional 17,959 shares during the period. Curi RMB Capital LLC’s holdings in First Western Financial were worth $1,787,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. 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 worth $58,000 after purchasing an additional 1,599 shares during the period. Empowered Funds LLC lifted its holdings in shares of First Western Financial by 7.6% during the first quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock worth $325,000 after purchasing an additional 1,575 shares during the period. Vanguard Group Inc. lifted its holdings in shares of First Western Financial by 1.2% during the first 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 during the period. Strategic Value Bank Partners LLC lifted its holdings in shares of First Western Financial by 12.9% during the second quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after purchasing an additional 28,563 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after purchasing an additional 11,120 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

First Western Financial Stock Down 1.3 %

Shares of MYFW opened at $20.44 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. First Western Financial, Inc. has a one year low of $12.84 and a one year high of $21.87. The stock has a market capitalization of $197.53 million, a price-to-earnings ratio of 32.97 and a beta of 0.62. The stock has a 50 day moving average price of $19.97 and a 200 day moving average price of $18.40.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. The firm had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities research analysts forecast 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 news, Director David R. Duncan sold 5,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the transaction, the director now directly owns 17,520 shares in the company, valued at approximately $342,165.60. This represents a 23.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is owned by company insiders.

First Western Financial Profile

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.