First Western Financial, Inc. $MYFW Shares Sold by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. decreased its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 270,945 shares of the company’s stock after selling 40,557 shares during the quarter. Punch & Associates Investment Management Inc. owned 2.79% of First Western Financial worth $7,264,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of First Western Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock valued at $487,000 after acquiring an additional 1,824 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of First Western Financial by 122.7% during the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock valued at $796,000 after acquiring an additional 22,382 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Western Financial by 3.7% during the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock valued at $4,100,000 after acquiring an additional 6,431 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of First Western Financial during the second quarter valued at approximately $357,000. Finally, Marshall Wace LLP acquired a new position in shares of First Western Financial during the second quarter valued at approximately $2,194,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 1,083 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total value of $30,887.16. Following the completion of the sale, the chief executive officer owned 756,729 shares of the company’s stock, valued at approximately $21,581,911.08. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.10% of the company’s stock.

First Western Financial Price Performance

NASDAQ:MYFW opened at $29.63 on Wednesday. First Western Financial, Inc. has a one year low of $20.40 and a one year high of $31.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a market cap of $288.30 million, a PE ratio of 19.12 and a beta of 0.73. The stock has a 50 day moving average price of $28.12 and a 200 day moving average price of $26.35.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.44 by $0.19. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%.The firm had revenue of $27.58 million during the quarter, compared to analysts’ expectations of $27.30 million. Equities research analysts expect that First Western Financial, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MYFW. Piper Sandler increased their target price on First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Weiss Ratings raised First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Zacks Research raised First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.00.

About First Western Financial

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.