Bank of New York Mellon Corp Purchases 2,047 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Bank of New York Mellon Corp increased its position in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,664 shares of the company’s stock after acquiring an additional 2,047 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of First Western Financial worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sippican Capital Advisors increased its holdings in First Western Financial by 61.9% during the 1st quarter. Sippican Capital Advisors now owns 40,070 shares of the company’s stock worth $787,000 after acquiring an additional 15,325 shares during the period. Bank of America Corp DE increased its holdings in First Western Financial by 40.7% during the 4th quarter. Bank of America Corp DE now owns 15,159 shares of the company’s stock worth $296,000 after acquiring an additional 4,383 shares during the period. Raymond James Financial Inc. bought a new stake in First Western Financial during the 4th quarter worth approximately $489,000. Citadel Advisors LLC increased its holdings in shares of First Western Financial by 10.7% in the 4th quarter. Citadel Advisors LLC now owns 17,296 shares of the company’s stock worth $338,000 after buying an additional 1,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of First Western Financial by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 192,681 shares of the company’s stock worth $3,767,000 after buying an additional 14,435 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Hovde Group increased their price target on shares of First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their price target on shares of First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Finally, Piper Sandler increased their price target on shares of First Western Financial from $21.50 to $22.50 and gave the stock a “neutral” rating in a report on Monday, April 28th.

First Western Financial Trading Up 0.2%

Shares of MYFW opened at $21.12 on Tuesday. The stock has a market capitalization of $205.29 million, a P/E ratio of 17.75 and a beta of 0.82. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $20.83. First Western Financial, Inc. has a twelve month low of $15.54 and a twelve month high of $24.88.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, July 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.13). First Western Financial had a return on equity of 4.58% and a net margin of 6.50%. The company had revenue of $22.42 million during the quarter, compared to analysts’ expectations of $25.28 million. On average, research analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Insider Transactions at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of First Western Financial stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $21.53, for a total transaction of $107,650.00. Following the completion of the transaction, the chief executive officer directly owned 767,164 shares of the company’s stock, valued at $16,517,040.92. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.90% of the stock is currently owned by company insiders.

First Western Financial 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.