Algebris UK Ltd. Increases Holdings in First Western Financial, Inc. $MYFW

Algebris UK Ltd. boosted its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 340,807 shares of the company’s stock after acquiring an additional 25,358 shares during the quarter. Algebris UK Ltd.’s holdings in First Western Financial were worth $9,141,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in First Western Financial by 36,113.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 76,048 shares of the company’s stock valued at $2,039,000 after purchasing an additional 75,838 shares during the period. Levin Capital Strategies L.P. purchased a new position in First Western Financial during the 4th quarter valued at $1,164,000. R Squared Ltd purchased a new position in First Western Financial during the 4th quarter valued at $208,000. Round Rock Advisors LLC increased its position in First Western Financial by 125.6% during the 4th quarter. Round Rock Advisors LLC now owns 41,081 shares of the company’s stock valued at $1,101,000 after purchasing an additional 22,871 shares during the period. Finally, Permanent Capital Management LP purchased a new position in First Western Financial during the 4th quarter valued at $563,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Performance

First Western Financial stock opened at $28.39 on Thursday. 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 company has a market capitalization of $276.23 million, a P/E ratio of 18.32 and a beta of 0.72. The stock’s 50 day moving average is $26.36 and its 200 day moving average is $25.57. First Western Financial, Inc. has a twelve month low of $20.11 and a twelve month high of $30.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Piper Sandler upped their target price on First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, First Western Financial presently has a consensus rating of “Buy” and an average price target of $27.00.

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.