Sippican Capital Advisors Invests $272,000 in First Western Financial, Inc. (NASDAQ:MYFW)

Sippican Capital Advisors acquired a new position in First Western Financial, Inc. (NASDAQ:MYFWFree 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

Shares of NASDAQ:MYFW traded up $0.45 on Thursday, hitting $19.10. The company had a trading volume of 16,767 shares, compared to its average volume of 24,165. First Western Financial, Inc. has a 1-year low of $12.84 and a 1-year high of $21.87. The stock has a market cap of $184.51 million, a price-to-earnings ratio of 30.81 and a beta of 0.61. The stock has a 50 day moving average price of $19.59 and a 200 day moving average price of $18.02. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

First Western Financial (NASDAQ:MYFWGet 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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Western Financial (NASDAQ:MYFW)

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