First Western Financial, Inc. (NASDAQ:MYFW) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in First Western Financial, Inc. (NASDAQ:MYFW) by 112.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,583 shares of the company’s stock after purchasing an additional 9,309 shares during the period. Barclays PLC’s holdings in First Western Financial were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of First Western Financial by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,554 shares of the company’s stock valued at $451,000 after purchasing an additional 1,592 shares during the last quarter. Strategic Value Bank Partners LLC lifted its stake in shares of First Western Financial by 12.9% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after purchasing an additional 28,563 shares during the last quarter. FMR LLC lifted its stake in shares of First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock valued at $62,000 after purchasing an additional 2,420 shares during the last quarter. State Street Corp lifted its stake in shares of First Western Financial by 5.3% in the 3rd quarter. State Street Corp now owns 112,268 shares of the company’s stock valued at $2,245,000 after purchasing an additional 5,611 shares during the last quarter. Finally, Mendon Capital Advisors Corp lifted its stake in shares of First Western Financial by 128.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after purchasing an additional 40,138 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

First Western Financial Price Performance

MYFW stock opened at $19.19 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $185.45 million, a PE ratio of 30.95 and a beta of 0.65. First Western Financial, Inc. has a 12-month low of $12.84 and a 12-month high of $22.32. The business’s fifty day moving average price is $20.40 and its 200 day moving average price is $19.18.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). First Western Financial had a return on equity of 2.44% and a net margin of 3.33%. The company had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter last year, the company earned $0.32 EPS. On average, sell-side analysts anticipate that First Western Financial, Inc. will post 0.93 EPS for the current year.

Insiders Place Their Bets

In other First Western Financial news, Director David R. Duncan sold 8,600 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total transaction of $163,658.00. Following the sale, the director now owns 8,760 shares in the company, valued at $166,702.80. This represents a 49.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on First Western Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price objective on First Western Financial from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

First Western Financial Profile

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.