Northwestern Mutual Wealth Management Co. Increases Stock Position in First Western Financial, Inc. $MYFW

Northwestern Mutual Wealth Management Co. increased its position in First Western Financial, Inc. (NASDAQ:MYFW) by 36,113.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,048 shares of the company’s stock after purchasing an additional 75,838 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.78% of First Western Financial worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in shares of First Western Financial by 1,470.6% in the third quarter. New York State Common Retirement Fund now owns 1,068 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after purchasing an additional 441 shares during the period. Focus Partners Wealth purchased a new position in shares of First Western Financial in the third quarter valued at $49,000. JPMorgan Chase & Co. boosted its stake in shares of First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock valued at $169,000 after purchasing an additional 1,555 shares during the period. Finally, R Squared Ltd purchased a new position in shares of First Western Financial in the fourth quarter valued at $208,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on MYFW. Piper Sandler upped their target price on shares of First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, First Western Financial currently has an average rating of “Buy” and a consensus price target of $27.00.

Insider Transactions at First Western Financial

In other First Western Financial news, CEO Scott C. Wylie sold 1,083 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total transaction of $30,887.16. Following the sale, the chief executive officer directly owned 756,729 shares of the company’s stock, valued at approximately $21,581,911.08. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.10% of the stock is owned by corporate insiders.

First Western Financial Trading Up 1.2%

MYFW opened at $29.18 on Friday. The stock has a market capitalization of $283.92 million, a PE ratio of 18.83 and a beta of 0.73. The firm’s fifty day moving average price is $27.42 and its 200 day moving average price is $26.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.05 and a quick ratio of 1.04. First Western Financial, Inc. has a 12-month low of $20.29 and a 12-month high of $30.00.

First Western Financial (NASDAQ:MYFW) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.19. The firm had revenue of $27.58 million for the quarter, compared to analysts’ expectations of $27.30 million. First Western Financial had a net margin of 8.02% and a return on equity of 5.74%. As a group, research analysts expect that First Western Financial, Inc. will post 2.44 EPS for the current fiscal year.

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.