21,000 Shares in First Western Financial, Inc. $MYFW Purchased by Permanent Capital Management LP

Permanent Capital Management LP purchased a new position in shares of First Western Financial, Inc. (NASDAQ:MYFW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,000 shares of the company’s stock, valued at approximately $563,000. Permanent Capital Management LP owned about 0.22% of First Western Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Algebris UK Ltd. bought a new position in shares of First Western Financial during the 3rd quarter worth approximately $7,258,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in First Western Financial during the 3rd quarter valued at $3,012,000. Marshall Wace LLP bought a new stake in shares of First Western Financial during the 2nd quarter worth about $2,194,000. North Reef Capital Management LP boosted its holdings in shares of First Western Financial by 13.2% during the 3rd quarter. North Reef Capital Management LP now owns 617,824 shares of the company’s stock worth $14,225,000 after buying an additional 72,102 shares during the period. Finally, Boothbay Fund Management LLC grew its stake in First Western Financial by 58.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock valued at $3,598,000 after buying an additional 57,565 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity at First Western Financial

In related news, Director David R. Duncan sold 8,626 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total transaction of $220,480.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott C. Mitchell sold 3,178 shares of First Western Financial stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $23.96, for a total transaction of $76,144.88. Following the completion of the transaction, the director directly owned 5,423 shares in the company, valued at $129,935.08. This trade represents a 36.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,793 shares of company stock valued at $522,567 over the last 90 days. Corporate insiders own 15.50% of the company’s stock.

First Western Financial Stock Performance

MYFW opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.05. First Western Financial, Inc. has a 52-week low of $17.52 and a 52-week high of $28.00. The firm has a market cap of $238.34 million, a P/E ratio of 18.13 and a beta of 0.76. The business’s fifty day moving average is $25.41 and its 200-day moving average is $24.41.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. Sell-side analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

MYFW has been the subject of several research reports. Zacks Research downgraded shares of First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Western Financial in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.33.

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.