Boothbay Fund Management LLC Increases Stock Position in First Western Financial, Inc. $MYFW

Boothbay Fund Management LLC grew its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 58.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,282 shares of the company’s stock after acquiring an additional 57,565 shares during the period. Boothbay Fund Management LLC owned 1.61% of First Western Financial worth $3,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new stake in First Western Financial during the third quarter valued at $437,000. Hotchkis & Wiley Capital Management LLC bought a new stake in First Western Financial in the 3rd quarter worth approximately $3,012,000. Two Sigma Investments LP purchased a new stake in shares of First Western Financial in the 3rd quarter valued at $897,000. BNP Paribas Financial Markets boosted its position in First Western Financial by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after buying an additional 441 shares during the period. Finally, First Trust Advisors LP bought a new position in First Western Financial during the 3rd quarter worth approximately $670,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MYFW has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of First Western Financial in a report on Monday, December 29th. Zacks Research cut First Western Financial from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, First Western Financial currently has a consensus rating of “Hold” and an average target price of $24.33.

First Western Financial Stock Up 1.1%

MYFW stock opened at $24.25 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a market capitalization of $236.20 million, a P/E ratio of 17.96 and a beta of 0.76. The business has a fifty day moving average price of $25.55 and a 200-day moving average price of $24.39. First Western Financial, Inc. has a 1-year low of $17.52 and a 1-year high of $28.00.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). First Western Financial had a net margin of 7.08% and a return on equity of 5.06%. The company had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $27.50 million. Equities analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at First Western Financial

In other news, Director Scott C. Mitchell sold 3,178 shares of First Western Financial stock in a transaction on Monday, January 26th. The shares were sold at an average price of $23.96, for a total transaction of $76,144.88. Following the transaction, the director owned 5,423 shares in the company, valued at $129,935.08. This trade represents a 36.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David R. Duncan sold 8,626 shares of First Western Financial stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $25.56, for a total value of $220,480.56. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,793 shares of company stock worth $522,567. 17.90% of the stock is owned by corporate insiders.

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.