Algebris UK Ltd. Acquires New Holdings in First Western Financial, Inc. $MYFW

Algebris UK Ltd. bought a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 315,449 shares of the company’s stock, valued at approximately $7,258,000. Algebris UK Ltd. owned 3.25% of First Western Financial as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MYFW. Quadrature Capital Ltd bought a new stake in shares of First Western Financial during the second quarter valued at approximately $219,000. Jane Street Group LLC acquired a new stake in First Western Financial in the 2nd quarter valued at approximately $245,000. Arrowstreet Capital Limited Partnership acquired a new stake in First Western Financial in the 2nd quarter valued at approximately $357,000. Empowered Funds LLC raised its stake in First Western Financial by 8.0% during the 1st 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 in the last quarter. Finally, Persistent Asset Partners Ltd boosted its position in First Western Financial by 34.6% during the 2nd quarter. Persistent Asset Partners Ltd now owns 23,406 shares of the company’s stock worth $528,000 after acquiring an additional 6,022 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Price Performance

NASDAQ:MYFW opened at $24.83 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $25.39 and its 200 day moving average price is $23.73. First Western Financial, Inc. has a 52-week low of $17.52 and a 52-week high of $28.00. The firm has a market cap of $241.10 million, a P/E ratio of 18.39 and a beta of 0.77.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.13). First Western Financial had a net margin of 7.08% and a return on equity of 5.09%. The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $27.50 million. As a group, sell-side analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MYFW has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Wall Street Zen upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 16,171 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $25.72, for a total value of $415,918.12. Following the transaction, the chief executive officer owned 756,482 shares of the company’s stock, valued at approximately $19,456,717.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.90% of the company’s stock.

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.