Northpointe Capital LLC lessened its holdings in First Western Financial Inc (NASDAQ:MYFW) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,945 shares of the company’s stock after selling 101,974 shares during the period. Northpointe Capital LLC owned 0.79% of First Western Financial worth $737,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in First Western Financial in the third quarter valued at approximately $341,000. Wasatch Advisors Inc. bought a new position in First Western Financial in the third quarter valued at $3,290,000. Waldron Private Wealth LLC bought a new position in First Western Financial in the third quarter valued at $337,000. Victory Capital Management Inc. acquired a new stake in First Western Financial in the third quarter valued at $188,000. Finally, Banc Funds Co. LLC acquired a new stake in First Western Financial in the third quarter valued at $4,101,000. 29.51% of the stock is owned by institutional investors and hedge funds.
MYFW stock opened at $13.89 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.08. First Western Financial Inc has a 12 month low of $10.91 and a 12 month high of $20.95.
First Western Financial (NASDAQ:MYFW) last announced its quarterly earnings results on Thursday, January 24th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $14.25 million for the quarter. First Western Financial had a net margin of 8.55% and a return on equity of 5.24%. Research analysts predict that First Western Financial Inc will post 1.09 earnings per share for the current fiscal year.
MYFW has been the subject of a number of recent analyst reports. Stephens cut shares of First Western Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $21.00 to $16.00 in a research note on Monday, October 29th. Zacks Investment Research cut shares of First Western Financial from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th.
First Western Financial Profile
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.
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