First Western Financial, Inc. (NASDAQ:MYFW) Short Interest Up 32.6% in February

First Western Financial, Inc. (NASDAQ:MYFWGet Free Report) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 81,700 shares, a growth of 32.6% from the January 31st total of 61,600 shares. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 3.4 days. Approximately 1.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Hovde Group raised shares of First Western Financial from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $20.50 to $19.00 in a report on Wednesday, February 28th.

View Our Latest Stock Analysis on First Western Financial

Insider Buying and Selling

In other news, CEO Scott C. Wylie sold 42,408 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $16.41, for a total transaction of $695,915.28. Following the completion of the transaction, the chief executive officer now owns 747,480 shares of the company’s stock, valued at $12,266,146.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new stake in shares of First Western Financial in the 1st quarter valued at about $127,000. JPMorgan Chase & Co. raised its stake in First Western Financial by 2,408.1% in the first quarter. JPMorgan Chase & Co. now owns 5,242 shares of the company’s stock valued at $164,000 after buying an additional 5,033 shares during the period. Citigroup Inc. acquired a new stake in shares of First Western Financial in the first quarter valued at approximately $173,000. Acadian Asset Management LLC boosted its stake in shares of First Western Financial by 32.9% during the 1st quarter. Acadian Asset Management LLC now owns 12,250 shares of the company’s stock worth $381,000 after acquiring an additional 3,030 shares during the period. Finally, BlackRock Inc. raised its stake in First Western Financial by 2.1% in the 1st quarter. BlackRock Inc. now owns 29,533 shares of the company’s stock valued at $924,000 after acquiring an additional 601 shares during the period. 53.49% of the stock is owned by institutional investors and hedge funds.

First Western Financial Price Performance

NASDAQ:MYFW traded down $0.09 during mid-day trading on Monday, reaching $14.08. 39,028 shares of the company were exchanged, compared to its average volume of 23,712. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 1.27. The stock has a market cap of $134.60 million, a PE ratio of 15.64 and a beta of 0.68. First Western Financial has a 12 month low of $12.84 and a 12 month high of $25.56. The company has a fifty day moving average of $16.72 and a 200 day moving average of $17.32.

First Western Financial (NASDAQ:MYFWGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.30). The company had revenue of $22.41 million during the quarter, compared to analyst estimates of $23.70 million. First Western Financial had a net margin of 5.19% and a return on equity of 4.00%. On average, research analysts anticipate that First Western Financial will post 1.27 EPS for the current fiscal year.

About First Western Financial

(Get Free Report)

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.

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