First Western Financial, Inc. (NASDAQ:MYFW) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 14.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 363,990 shares of the company’s stock after purchasing an additional 46,172 shares during the quarter. Wasatch Advisors LP’s holdings in First Western Financial were worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MYFW. Strs Ohio acquired a new position in First Western Financial in the 4th quarter valued at about $239,000. Mendon Capital Advisors Corp acquired a new position in First Western Financial in the 4th quarter valued at about $1,132,000. Finally, Kennedy Capital Management LLC raised its stake in First Western Financial by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 311,579 shares of the company’s stock valued at $5,655,000 after purchasing an additional 10,929 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Price Performance

MYFW stock traded down $0.29 during trading on Tuesday, hitting $16.70. The stock had a trading volume of 12,928 shares, compared to its average volume of 23,692. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $22.00. The company’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $16.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $160.67 million, a price-to-earnings ratio of 21.69 and a beta of 0.60.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, April 18th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. First Western Financial had a net margin of 4.28% and a return on equity of 3.43%. The company had revenue of $23.35 million during the quarter, compared to the consensus estimate of $22.70 million. On average, sell-side analysts forecast that First Western Financial, Inc. will post 1.25 EPS for the current fiscal year.

First Western Financial Company 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.