Tieton Capital Management LLC Grows Stake in First Western Financial, Inc. (NASDAQ:MYFW)

Tieton Capital Management LLC grew its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,612 shares of the company’s stock after purchasing an additional 33,822 shares during the period. First Western Financial makes up 1.5% of Tieton Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Tieton Capital Management LLC owned about 1.91% of First Western Financial worth $3,609,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MYFW. FMR LLC lifted 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 worth $62,000 after acquiring an additional 2,420 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of First Western Financial by 9.5% during the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock worth $247,000 after acquiring an additional 1,090 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Western Financial by 284.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after acquiring an additional 10,113 shares during the last quarter. Barclays PLC lifted its holdings in shares of First Western Financial by 112.5% during the 3rd quarter. Barclays PLC now owns 17,583 shares of the company’s stock worth $353,000 after acquiring an additional 9,309 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of First Western Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after acquiring an additional 1,072 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Piper Sandler lowered their price target on shares of First Western Financial from $23.00 to $22.50 and set a “neutral” rating for the company in a research note on Monday, January 27th.

First Western Financial Stock Performance

First Western Financial stock opened at $19.44 on Monday. The company has a market capitalization of $188.65 million, a PE ratio of 22.34 and a beta of 0.81. The firm has a fifty day simple moving average of $19.77 and a two-hundred day simple moving average of $19.99. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. First Western Financial, Inc. has a twelve month low of $13.46 and a twelve month high of $22.32.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Research analysts expect that First Western Financial, Inc. will post 1.5 EPS for the current 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.