Kennedy Capital Management LLC Has $3.59 Million Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Kennedy Capital Management LLC trimmed its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,196 shares of the company’s stock after selling 56,602 shares during the period. Kennedy Capital Management LLC’s holdings in First Western Financial were worth $3,590,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Mendon Capital Advisors Corp acquired a new stake in shares of First Western Financial in the 4th quarter valued at about $1,132,000. Wasatch Advisors LP grew its holdings in shares of First Western Financial by 14.5% during the first quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock worth $5,307,000 after buying an additional 46,172 shares in the last quarter. Strs Ohio acquired a new stake in First Western Financial in the 4th quarter valued at approximately $239,000. Vanguard Group Inc. lifted its stake in First Western Financial by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after acquiring an additional 4,415 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in First Western Financial by 67.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock worth $58,000 after acquiring an additional 1,599 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

First Western Financial Stock Up 4.7 %

MYFW traded up $0.81 during trading on Tuesday, reaching $18.15. 10,921 shares of the stock were exchanged, compared to its average volume of 25,951. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day moving average price is $17.59 and its two-hundred day moving average price is $16.28. The stock has a market cap of $174.62 million, a P/E ratio of 22.52 and a beta of 0.61. First Western Financial, Inc. has a twelve month low of $12.84 and a twelve month high of $21.73.

First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. The business had revenue of $45.03 million for the quarter, compared to analyst estimates of $23.70 million. During the same period last year, the firm earned $0.25 EPS. Equities analysts expect that First Western Financial, Inc. will post 1.25 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MYFW shares. Keefe, Bruyette & Woods decreased their target price on shares of First Western Financial from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Piper Sandler upped their target price on First Western Financial from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday.

About First Western Financial

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.