Northwestern Mutual Wealth Management Co. Purchases 75,838 Shares of First Western Financial, Inc. $MYFW

Northwestern Mutual Wealth Management Co. lifted its position in First Western Financial, Inc. (NASDAQ:MYFW) by 36,113.3% during the 4th quarter, Holdings Channel reports. The firm owned 76,048 shares of the company’s stock after acquiring an additional 75,838 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Western Financial were worth $2,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MYFW. Empowered Funds LLC grew its holdings in shares of First Western Financial by 8.0% in the first quarter. Empowered Funds LLC now owns 24,763 shares of the company’s stock worth $487,000 after purchasing an additional 1,824 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of First Western Financial by 122.7% in the first quarter. Acadian Asset Management LLC now owns 40,626 shares of the company’s stock worth $796,000 after purchasing an additional 22,382 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of First Western Financial by 3.7% in the second quarter. Geode Capital Management LLC now owns 181,708 shares of the company’s stock worth $4,100,000 after purchasing an additional 6,431 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of First Western Financial in the second quarter worth approximately $357,000. Finally, Marshall Wace LLP bought a new position in shares of First Western Financial in the second quarter worth approximately $2,194,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MYFW shares. Zacks Research upgraded shares of First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Piper Sandler lifted their price target on shares of First Western Financial from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of 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 assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $27.00.

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 1,083 shares of First Western Financial stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $28.52, for a total value of $30,887.16. Following the sale, the chief executive officer owned 756,729 shares in the company, valued at $21,581,911.08. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.10% of the stock is currently owned by company insiders.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $28.68 on Wednesday. The stock has a market cap of $279.06 million, a P/E ratio of 18.50 and a beta of 0.72. The firm’s fifty day simple moving average is $26.71 and its 200 day simple moving average is $25.72. First Western Financial, Inc. has a twelve month low of $20.11 and a twelve month high of $30.00. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.35.

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

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.