Sippican Capital Advisors acquired a new position in First Western Financial, Inc. (NASDAQ:MYFW – Free Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 13,600 shares of the company’s stock, valued at approximately $272,000.
A number of other institutional investors have also made changes to their positions in the business. Empowered Funds LLC lifted its position in shares of First Western Financial by 7.6% in the first quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock worth $325,000 after purchasing an additional 1,575 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in First Western Financial by 67.5% during the first quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after buying an additional 1,599 shares during the last quarter. Vanguard Group Inc. increased its holdings in First Western Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock worth $5,385,000 after buying an additional 4,415 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in First Western Financial by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock worth $2,713,000 after buying an additional 11,120 shares during the last quarter. Finally, ELCO Management Co. LLC acquired a new position in First Western Financial during the second quarter worth $194,000. Institutional investors own 60.26% of the company’s stock.
Insider Activity at First Western Financial
In related news, Director David R. Duncan sold 5,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total value of $107,415.00. Following the transaction, the director now directly owns 17,520 shares in the company, valued at approximately $342,165.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.90% of the stock is currently owned by corporate insiders.
First Western Financial Stock Performance
First Western Financial (NASDAQ:MYFW – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a net margin of 3.33% and a return on equity of 2.45%. The business had revenue of $45.06 million during the quarter, compared to analyst estimates of $24.10 million. During the same quarter last year, the company posted $0.32 earnings per share. Analysts expect that First Western Financial, Inc. will post 1 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday. Hovde Group boosted their target price on shares of First Western Financial from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Piper Sandler upped their price objective on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday.
Check Out Our Latest Report on MYFW
First Western Financial Company 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.
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