Punch & Associates Investment Management Inc. Purchases Shares of 195,000 First Western Financial, Inc. $MYFW

Punch & Associates Investment Management Inc. acquired a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 195,000 shares of the company’s stock, valued at approximately $6,261,000. Punch & Associates Investment Management Inc. owned approximately 2.00% of First Western Financial at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MYFW. BlackRock Inc. acquired a new stake in First Western Financial during the second quarter valued at approximately $17,426,000. Algebris UK Ltd. bought a new position in shares of First Western Financial in the second quarter valued at $8,293,000. Tieton Capital Management LLC acquired a new stake in shares of First Western Financial during the 2nd quarter valued at $6,013,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of First Western Financial during the 2nd quarter worth $5,485,000. Finally, Wellington Management Group LLP boosted its stake in shares of First Western Financial by 119.2% during the 4th quarter. Wellington Management Group LLP now owns 242,680 shares of the company’s stock worth $6,506,000 after acquiring an additional 131,955 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Price Performance

MYFW opened at $30.74 on Thursday. The firm has a market capitalization of $300.33 million, a P/E ratio of 16.53 and a beta of 0.72. The stock has a fifty day moving average of $31.94 and a 200-day moving average of $28.56. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.29. First Western Financial, Inc. has a 12-month low of $21.31 and a 12-month high of $34.36.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $28.14 million for the quarter, compared to the consensus estimate of $28.57 million. First Western Financial had a return on equity of 6.82% and a net margin of 9.50%. Equities analysts forecast that First Western Financial, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MYFW. Weiss Ratings raised First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Zacks Research cut First Western Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Piper Sandler boosted their price objective on First Western Financial from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First Western Financial from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.00.

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.