Wasatch Advisors LP Boosts Stock Holdings in First Western Financial, Inc. (NASDAQ:MYFW)

Wasatch Advisors LP raised its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 14.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 363,990 shares of the company’s stock after purchasing an additional 46,172 shares during the period. Wasatch Advisors LP owned 3.78% of First Western Financial worth $5,307,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of First Western Financial in the 4th quarter worth approximately $239,000. Mendon Capital Advisors Corp purchased a new position in shares of First Western Financial in the 4th quarter worth approximately $1,132,000. Finally, Kennedy Capital Management LLC grew its position in shares of First Western Financial by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 311,579 shares of the company’s stock worth $5,655,000 after buying an additional 10,929 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Down 1.7 %

Shares of First Western Financial stock traded down $0.29 on Tuesday, reaching $16.70. The stock had a trading volume of 12,928 shares, compared to its average volume of 23,692. The company has a 50 day moving average price of $17.22 and a 200 day moving average price of $16.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. First Western Financial, Inc. has a 1 year low of $12.84 and a 1 year high of $22.00. The stock has a market capitalization of $160.67 million, a P/E ratio of 21.69 and a beta of 0.60.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. First Western Financial had a net margin of 4.28% and a return on equity of 3.43%. The firm had revenue of $23.35 million for the quarter, compared to the consensus estimate of $22.70 million. As a group, equities research analysts forecast that First Western Financial, Inc. will post 1.25 EPS for the current year.

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.