Biltmore Family Office LLC Acquires Shares of 45,316 First Western Financial, Inc. (NASDAQ:MYFW)

Biltmore Family Office LLC purchased a new stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,316 shares of the company’s stock, valued at approximately $886,000. Biltmore Family Office LLC owned approximately 0.47% of First Western Financial as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MYFW. FMR LLC increased its position in First Western Financial by 347.2% in the 3rd quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares during the last quarter. Rhumbline Advisers raised its position in First Western Financial by 9.5% during the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock valued at $247,000 after acquiring an additional 1,090 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 10,113 shares during the last quarter. Barclays PLC grew its position in First Western Financial by 112.5% in the third quarter. Barclays PLC now owns 17,583 shares of the company’s stock worth $353,000 after acquiring an additional 9,309 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of First Western Financial by 4.9% during the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company’s stock worth $448,000 after purchasing an additional 1,080 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Piper Sandler decreased their price target on First Western Financial from $23.00 to $22.50 and set a “neutral” rating for the company in a research note on Monday, January 27th.

First Western Financial Stock Up 2.7 %

First Western Financial stock opened at $19.93 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial, Inc. has a fifty-two week low of $13.46 and a fifty-two week high of $22.32. The firm has a fifty day moving average price of $20.02 and a two-hundred day moving average price of $20.00. The firm has a market cap of $193.40 million, a price-to-earnings ratio of 22.91 and a beta of 0.81.

First Western Financial (NASDAQ:MYFW) last announced its earnings results on Thursday, January 23rd. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. First Western Financial had a return on equity of 3.43% and a net margin of 4.70%. As a group, analysts forecast that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

About First Western Financial

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.