Curi RMB Capital LLC Acquires 17,959 Shares of First Western Financial, Inc. (NASDAQ:MYFW)

Curi RMB Capital LLC increased its position in First Western Financial, Inc. (NASDAQ:MYFW) by 25.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,374 shares of the company’s stock after acquiring an additional 17,959 shares during the quarter. Curi RMB Capital LLC owned about 0.93% of First Western Financial worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Value Bank Partners LLC grew its holdings in First Western Financial by 12.9% during the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock valued at $4,237,000 after buying an additional 28,563 shares in the last quarter. Mendon Capital Advisors Corp grew its holdings in First Western Financial by 128.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 71,415 shares of the company’s stock valued at $1,214,000 after buying an additional 40,138 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of First Western Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 369,313 shares of the company’s stock valued at $5,385,000 after purchasing an additional 4,415 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First Western Financial by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock valued at $2,713,000 after purchasing an additional 11,120 shares in the last quarter. Finally, ELCO Management Co. LLC purchased a new position in shares of First Western Financial in the second quarter valued at $194,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at First Western Financial

In related news, Director David R. Duncan sold 8,600 shares of First Western Financial stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $19.03, for a total value of $163,658.00. Following the completion of the sale, the director now directly owns 8,760 shares in the company, valued at $166,702.80. The trade was a 49.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 17.90% of the company’s stock.

First Western Financial Stock Down 1.3 %

Shares of MYFW opened at $20.44 on Friday. The company has a market cap of $197.53 million, a PE ratio of 32.97 and a beta of 0.62. The business has a fifty day moving average of $19.97 and a 200 day moving average of $18.40. First Western Financial, Inc. has a 52-week low of $12.84 and a 52-week high of $21.87. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last released its 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 business had revenue of $45.06 million for the quarter, compared to the consensus estimate of $24.10 million. During the same quarter last year, the business posted $0.32 earnings per share. On average, sell-side analysts expect that First Western Financial, Inc. will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

MYFW has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of First Western Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Hovde Group raised their target price on shares of First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods cut their target price on shares of First Western Financial from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th.

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.