Obermeyer Wood Investment Counsel Lllp acquired a new stake in First Western Financial Inc (NASDAQ:MYFW) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 65,006 shares of the company’s stock, valued at approximately $862,000. Obermeyer Wood Investment Counsel Lllp owned approximately 0.81% of First Western Financial at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MYFW. Kennedy Capital Management Inc. lifted its position in First Western Financial by 21.8% in the 1st quarter. Kennedy Capital Management Inc. now owns 225,167 shares of the company’s stock valued at $2,952,000 after acquiring an additional 40,240 shares in the last quarter. Banc Funds Co. LLC lifted its holdings in shares of First Western Financial by 15.5% during the 1st quarter. Banc Funds Co. LLC now owns 558,907 shares of the company’s stock valued at $7,327,000 after buying an additional 74,811 shares during the period. M3F Inc. bought a new position in shares of First Western Financial during the 1st quarter valued at $1,257,000. Mesirow Financial Investment Management Inc. lifted its holdings in shares of First Western Financial by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 40,762 shares of the company’s stock valued at $539,000 after buying an additional 4,384 shares during the period. Finally, ELCO Management Co. LLC bought a new position in shares of First Western Financial during the 2nd quarter valued at $456,000. 38.53% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut First Western Financial from a “hold” rating to a “sell” rating in a report on Friday, August 16th.
Shares of NASDAQ MYFW traded up $1.14 during midday trading on Thursday, hitting $15.98. 29,309 shares of the stock traded hands, compared to its average volume of 7,832. The firm has a 50-day moving average of $14.16 and a two-hundred day moving average of $13.55. The firm has a market capitalization of $118.48 million, a P/E ratio of 14.76 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.06. First Western Financial Inc has a one year low of $10.91 and a one year high of $18.50.
First Western Financial (NASDAQ:MYFW) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $16.55 million for the quarter. First Western Financial had a return on equity of 6.45% and a net margin of 9.07%. Equities analysts forecast that First Western Financial Inc will post 1.16 earnings per share for the current fiscal year.
About First Western Financial
First Western Financial, Inc, a financial holding company, through its subsidiaries, provides an integrated suite of wealth management services comprising private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage.
Featured Story: How does a reverse stock split work?
Receive News & Ratings for First Western Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Western Financial and related companies with MarketBeat.com's FREE daily email newsletter.