North Reef Capital Management LP Acquires 9,002 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

North Reef Capital Management LP raised its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 312,423 shares of the company’s stock after buying an additional 9,002 shares during the quarter. North Reef Capital Management LP’s holdings in First Western Financial were worth $6,108,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in shares of First Western Financial by 244.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in First Western Financial by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock valued at $115,000 after purchasing an additional 1,110 shares during the period. Rhumbline Advisers boosted its holdings in First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock valued at $247,000 after purchasing an additional 1,090 shares during the period. JPMorgan Chase & Co. grew its position in First Western Financial by 284.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after purchasing an additional 10,113 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of First Western Financial by 5.0% during the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock worth $285,000 after purchasing an additional 696 shares during the period. 60.26% of the stock is owned by institutional investors.

First Western Financial Price Performance

NASDAQ:MYFW opened at $18.85 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. The company has a 50-day moving average of $19.11 and a 200-day moving average of $19.82. First Western Financial, Inc. has a 52 week low of $15.54 and a 52 week high of $22.32. The company has a market capitalization of $182.92 million, a price-to-earnings ratio of 21.67 and a beta of 0.65.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.20. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. As a group, equities research analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

MYFW has been the subject of several research reports. Piper Sandler reduced their target price 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. Keefe, Bruyette & Woods reduced their price objective on First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 27th.

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.