First Western Financial, Inc. $MYFW Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in First Western Financial, Inc. (NASDAQ:MYFW) by 36,113.3% during the fourth quarter, Holdings Channel reports. The fund owned 76,048 shares of the company’s stock after purchasing an additional 75,838 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Western Financial were worth $2,039,000 as of its most recent filing with the Securities & Exchange Commission.

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

First Western Financial Stock Performance

First Western Financial stock opened at $29.18 on Friday. The stock has a 50-day simple moving average of $27.42 and a 200 day simple moving average of $26.00. 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, Inc. has a 12-month low of $20.29 and a 12-month high of $30.00. The stock has a market capitalization of $283.92 million, a price-to-earnings ratio of 18.83 and a beta of 0.73.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research upgraded First Western Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded shares of First Western Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Piper Sandler lifted their price target on shares of First Western Financial from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Western Financial presently has a consensus rating of “Buy” and an average price target of $27.00.

Insider Buying and Selling

In related news, CEO Scott C. Wylie sold 1,083 shares of First Western Financial stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total value of $30,887.16. Following the completion of the sale, the chief executive officer directly owned 756,729 shares in the company, valued at $21,581,911.08. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.10% of the stock is currently owned by insiders.

First Western Financial 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.