Empowered Funds LLC Invests $1.08 Million in First Western Financial, Inc. $MYFW

Empowered Funds LLC acquired a new stake in First Western Financial, Inc. (NASDAQ:MYFW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 33,558 shares of the company’s stock, valued at approximately $1,078,000.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in First Western Financial by 122.7% in 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 during the period. Geode Capital Management LLC grew its stake in First Western Financial by 3.7% during the 2nd 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 purchased a new stake in First Western Financial during the 2nd quarter valued at about $357,000. Marshall Wace LLP acquired a new stake in First Western Financial in the 2nd quarter valued at about $2,194,000. Finally, Jane Street Group LLC purchased a new position in First Western Financial in the 2nd quarter worth approximately $245,000. 60.26% of the stock is currently owned by institutional investors.

First Western Financial Trading Down 0.2%

NASDAQ:MYFW opened at $31.36 on Friday. First Western Financial, Inc. has a 12-month low of $21.95 and a 12-month high of $34.36. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $31.94 and its 200-day simple moving average is $28.79. The firm has a market cap of $306.39 million, a P/E ratio of 16.86 and a beta of 0.71.

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

Insiders Place Their Bets

In related news, CEO Scott C. Wylie sold 10,000 shares of First Western Financial stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $30.55, for a total transaction of $305,500.00. Following the completion of the sale, the chief executive officer owned 740,312 shares in the company, valued at approximately $22,616,531.60. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.