Punch & Associates Investment Management Inc. Buys Shares of 195,000 First Western Financial, Inc. $MYFW

Punch & Associates Investment Management Inc. purchased a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 195,000 shares of the company’s stock, valued at approximately $6,261,000.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc purchased a new stake in shares of First Western Financial during the second quarter worth $29,000. BNP Paribas Financial Markets grew its stake in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock valued at $38,000 after purchasing an additional 441 shares in the last quarter. Focus Partners Wealth acquired a new position in First Western Financial in the 3rd quarter worth about $49,000. JPMorgan Chase & Co. increased its position in First Western Financial by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after purchasing an additional 1,555 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of First Western Financial during the 4th quarter worth about $208,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MYFW shares. Piper Sandler lifted their price target on First Western Financial from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Zacks Research lowered shares of First Western Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of First Western Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Western Financial from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

First Western Financial Trading Down 1.0%

Shares of MYFW stock opened at $30.74 on Thursday. First Western Financial, Inc. has a 12 month low of $21.31 and a 12 month high of $34.36. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $31.94 and its two-hundred day moving average is $28.56. The company has a market cap of $300.33 million, a PE ratio of 16.53 and a beta of 0.72.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $28.57 million. First Western Financial had a net margin of 9.50% and a return on equity of 6.82%. Equities analysts predict that First Western Financial, Inc. will post 2.36 EPS for the current year.

About First Western Financial

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.