Elizabeth Park Capital Advisors Ltd. Purchases Shares of 192,713 First Western Financial Inc (MYFW)

Elizabeth Park Capital Advisors Ltd. purchased a new stake in First Western Financial Inc (NASDAQ:MYFW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 192,713 shares of the company’s stock, valued at approximately $3,371,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in shares of First Western Financial in the third quarter valued at approximately $188,000. Trilogy Capital Inc. bought a new stake in shares of First Western Financial in the third quarter valued at approximately $247,000. BlackRock Inc. bought a new stake in shares of First Western Financial in the third quarter valued at approximately $301,000. Bank of Montreal Can bought a new stake in shares of First Western Financial in the third quarter valued at approximately $341,000. Finally, Northpointe Capital LLC bought a new stake in shares of First Western Financial in the third quarter valued at approximately $2,884,000. 12.32% of the stock is currently owned by institutional investors.

First Western Financial stock opened at $12.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. First Western Financial Inc has a 1-year low of $12.05 and a 1-year high of $20.95.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Thursday, October 25th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). The firm had revenue of $14.43 million for the quarter. First Western Financial had a return on equity of 3.74% and a net margin of 5.98%. On average, sell-side analysts forecast that First Western Financial Inc will post 0.61 earnings per share for the current fiscal year.

A number of research firms recently weighed in on MYFW. Zacks Investment Research lowered shares of First Western Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. Stephens lowered shares of First Western Financial from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $21.00 to $16.00 in a report on Monday, October 29th. Finally, Keefe, Bruyette & Woods began coverage on shares of First Western Financial in a report on Monday, August 13th. They set an “outperform” rating and a $24.00 target price on the stock.

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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.

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Institutional Ownership by Quarter for First Western Financial (NASDAQ:MYFW)

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