Hsbc Holdings PLC Purchases Shares of 12,368 First Western Financial, Inc. (NASDAQ:MYFW)

Hsbc Holdings PLC acquired a new position in First Western Financial, Inc. (NASDAQ:MYFW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,368 shares of the company’s stock, valued at approximately $210,000. Hsbc Holdings PLC owned 0.13% of First Western Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MYFW. BNP Paribas Financial Markets grew its holdings in First Western Financial by 67.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,968 shares of the company’s stock valued at $58,000 after buying an additional 1,599 shares during the last quarter. Empowered Funds LLC raised its stake in First Western Financial by 7.6% during the 1st quarter. Empowered Funds LLC now owns 22,304 shares of the company’s stock valued at $325,000 after purchasing an additional 1,575 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Western Financial by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,563 shares of the company’s stock valued at $2,713,000 after purchasing an additional 11,120 shares during the period. Strategic Value Bank Partners LLC grew its position in First Western Financial by 12.9% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 249,226 shares of the company’s stock worth $4,237,000 after purchasing an additional 28,563 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of First Western Financial by 14.5% during the first quarter. Wasatch Advisors LP now owns 363,990 shares of the company’s stock valued at $5,307,000 after buying an additional 46,172 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MYFW. Keefe, Bruyette & Woods lowered their price target on First Western Financial from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Hovde Group boosted their price objective on First Western Financial from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler upped their target price on First Western Financial from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

First Western Financial Stock Performance

NASDAQ:MYFW opened at $19.90 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $18.31 and a 200 day moving average price of $17.24. The firm has a market capitalization of $191.46 million, a PE ratio of 25.84 and a beta of 0.61. First Western Financial, Inc. has a 12-month low of $12.84 and a 12-month high of $21.15.

First Western Financial (NASDAQ:MYFW) last posted its earnings results on Tuesday, July 23rd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.20). First Western Financial had a return on equity of 2.86% and a net margin of 3.93%. The company had revenue of $45.03 million for the quarter, compared to the consensus estimate of $23.70 million. During the same quarter last year, the business earned $0.25 EPS. Research analysts anticipate that First Western Financial, Inc. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at First Western Financial

In related news, Director David R. Duncan sold 5,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.53, for a total transaction of $107,415.00. Following the completion of the sale, the director now owns 17,520 shares in the company, valued at $342,165.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.90% of the company’s stock.

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.