Bridgeway Capital Management LLC Purchases 19,775 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Bridgeway Capital Management LLC boosted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 42.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,690 shares of the company’s stock after purchasing an additional 19,775 shares during the quarter. Bridgeway Capital Management LLC owned about 0.69% of First Western Financial worth $1,304,000 at the end of the most recent reporting period.

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

First Western Financial Trading Up 0.9 %

Shares of MYFW stock opened at $21.60 on Friday. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. The stock’s fifty day moving average price is $19.37 and its two-hundred day moving average price is $19.84. 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 market cap of $208.81 million, a PE ratio of 24.83 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW) last released its earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. The firm had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.10 million. Equities analysts predict that First Western Financial, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MYFW. Keefe, Bruyette & Woods raised their price objective on First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Piper Sandler boosted their price target on First Western Financial from $21.50 to $22.50 and gave the company a “neutral” rating in a research note on Monday, April 28th. Finally, Hovde Group upped their price objective on shares of First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a research report on Monday, April 28th.

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.