First Western Financial, Inc. $MYFW Shares Purchased by North Reef Capital Management LP

North Reef Capital Management LP lifted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 617,824 shares of the company’s stock after purchasing an additional 72,102 shares during the quarter. First Western Financial comprises about 0.7% of North Reef Capital Management LP’s holdings, making the stock its 21st biggest holding. North Reef Capital Management LP owned approximately 0.06% of First Western Financial worth $14,225,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Algebris UK Ltd. acquired a new position in First Western Financial in the 3rd quarter valued at about $7,258,000. Boothbay Fund Management LLC raised its position in shares of First Western Financial by 58.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 156,282 shares of the company’s stock valued at $3,598,000 after buying an additional 57,565 shares during the period. SummerHaven Investment Management LLC purchased a new stake in shares of First Western Financial during the 3rd quarter valued at approximately $819,000. Ameriprise Financial Inc. acquired a new position in First Western Financial in the third quarter valued at approximately $437,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in First Western Financial in the second quarter worth approximately $357,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

First Western Financial Stock Up 1.1%

Shares of NASDAQ:MYFW opened at $24.25 on Tuesday. First Western Financial, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $28.00. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $24.39. The company has a market cap of $236.20 million, a price-to-earnings ratio of 17.96 and a beta of 0.76.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.45 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 firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $27.50 million. As a group, equities research analysts predict that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at First Western Financial

In other First Western Financial news, Director David R. Duncan sold 8,626 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $25.56, for a total value of $220,480.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott C. Mitchell sold 3,178 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $23.96, for a total value of $76,144.88. Following the completion of the sale, the director directly owned 5,423 shares of the company’s stock, valued at approximately $129,935.08. This trade represents a 36.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,793 shares of company stock valued at $522,567 over the last three months. Insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

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

First Western Financial Company Profile

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.