First Western Financial, Inc. $MYFW Shares Sold by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. trimmed its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,195 shares of the company’s stock after selling 22,750 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in First Western Financial were worth $6,101,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MYFW. BNP Paribas Financial Markets grew its stake in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after purchasing an additional 441 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of First Western Financial in the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. grew its position in shares of First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after acquiring an additional 1,555 shares in the last quarter. R Squared Ltd bought a new stake in shares of First Western Financial in the 4th quarter valued at approximately $208,000. Finally, Jane Street Group LLC bought a new stake in shares of First Western Financial in the 2nd quarter valued at approximately $245,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MYFW shares. Keefe, Bruyette & Woods upped their price target on First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Piper Sandler raised their price target on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Western Financial in a report on Tuesday. Finally, Zacks Research downgraded shares of First Western Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

First Western Financial Stock Down 0.7%

MYFW stock opened at $31.97 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $30.84 and its 200 day simple moving average is $27.68. The stock has a market cap of $311.07 million, a PE ratio of 17.19 and a beta of 0.71. First Western Financial, Inc. has a fifty-two week low of $20.40 and a fifty-two week high of $34.36.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. First Western Financial had a net margin of 9.50% and a return on equity of 6.91%. The company had revenue of $28.14 million for the quarter, compared to analyst estimates of $28.57 million. As a group, sell-side analysts predict that First Western Financial, Inc. will post 2.44 EPS for the current year.

Insider Transactions at First Western Financial

In other news, CEO Scott C. Wylie sold 1,083 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total transaction of $30,887.16. Following the transaction, the chief executive officer directly owned 756,729 shares of the company’s stock, valued at approximately $21,581,911.08. This trade 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 accessible through the SEC website. Company insiders own 13.10% of the company’s stock.

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.