Bridgeway Capital Management LLC Has $1.30 Million Position in First Western Financial, Inc. (NASDAQ:MYFW)

Bridgeway Capital Management LLC increased its holdings in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 42.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,690 shares of the company’s stock after acquiring an additional 19,775 shares during the quarter. Bridgeway Capital Management LLC’s holdings in First Western Financial were worth $1,304,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MYFW. Tower Research Capital LLC TRC lifted its holdings in shares of First Western Financial by 244.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company’s stock worth $25,000 after purchasing an additional 894 shares during the period. Wells Fargo & Company MN lifted its holdings in First Western Financial by 23.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company’s stock worth $115,000 after buying an additional 1,110 shares during the period. Rhumbline Advisers grew its position in shares of First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock valued at $247,000 after buying an additional 1,090 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock valued at $273,000 after buying an additional 10,113 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of First Western Financial by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 14,619 shares of the company’s stock worth $285,000 after acquiring an additional 696 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MYFW has been the topic of several analyst reports. Piper Sandler upped their target price on First Western Financial from $21.50 to $22.50 and gave the company a “neutral” rating in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their price objective on shares of First Western Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, Hovde Group lifted their target price on shares of First Western Financial from $23.00 to $24.50 and gave the stock an “outperform” rating in a research note on Monday, April 28th.

First Western Financial Trading Up 0.9 %

Shares of MYFW stock opened at $21.60 on Friday. First Western Financial, Inc. has a fifty-two week low of $15.54 and a fifty-two week high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $19.84. The company has a market cap of $208.81 million, a P/E ratio of 24.83 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.20. The company had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.10 million. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Research analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

First Western Financial Profile

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.