Mesirow Financial Investment Management Inc. reduces its equity holdings in First Western Financial, Inc. (NASDAQ: MYFW)


Mesirow Financial Investment Management Inc. reduced its stake in the shares of First Western Financial, Inc. (NASDAQ: MYFWGet a rating) by 28.0% during the 1st quarter, according to the company in its last filing with the SEC. The fund held 12,892 shares of the company after selling 5,017 shares during the quarter. First Western Financial represents 1.4% of Mesirow Financial Investment Management Inc.’s holdings, making it its 29th largest holding. Mesirow Financial Investment Management Inc.’s holdings in First Western Financial were worth $403,000 when it last filed with the SEC.

Other large investors have also recently changed their holdings in the company. Sargent Bickham Lagudis LLC bought a new position in First Western Financial in Q1 worth $435,000. Riverwater Partners LLC bought a new position in First Western Financial in Q4 worth $531,000. Finally, River Oaks Capital LLC bought a new position in First Western Financial in Q4 worth $1,397,000. Institutional investors hold 38.94% of the company’s shares.

First Western Financial price performance

Shares of Stock MYFW opened at $27.37 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt ratio of 0.27. The stock has a market capitalization of $259.19 million, a price/earnings ratio of 11.70 and a beta of 0.71. First Western Financial, Inc. has a 12-month low of $24.79 and a 12-month high of $34.20. The stock has a fifty-day simple moving average of $29.80 and a two-hundred-day simple moving average of $31.48.

First Western Financial (NASDAQ: MYFWGet a rating) last released its quarterly earnings data on Thursday, April 28. The company reported earnings per share of $0.61 for the quarter, beating analyst consensus estimates of $0.59 by $0.02. The company posted revenue of $26.92 million in the quarter, compared to $27.80 million expected by analysts. First Western Financial had a return on equity of 12.62% and a net margin of 19.13%. During the same period a year earlier, the company posted EPS of $0.74. On average, analysts predict that First Western Financial, Inc. will post EPS of 2.62 for the current fiscal year.

Insider buying and selling

In related news, the director David R. Duncan sold 1,780 shares of the company in a trade on Tuesday, May 24. The stock was sold at an average price of $30.77, for a total transaction of $54,770.60. Following the completion of the sale, the administrator now directly owns 40,380 shares of the company, valued at approximately $1,242,492.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. In other news from First Western Financial, Director David R. Duncan sold 1,780 shares in a trade dated Tuesday, May 24. The stock was sold at an average price of $30.77, for a total value of $54,770.60. Following the completion of the sale, the administrator now directly owns 40,380 shares of the company, valued at $1,242,492.60. The transaction was disclosed in an SEC filing, available at this link. Also, director David R. Duncan sold 6,536 shares in a trade dated Tuesday, May 31. The shares were sold at an average price of $32.06, for a total value of $209,544.16. Following the completion of the sale, the director now owns 17,162 shares of the company, valued at $550,213.72. Disclosure of this sale can be found here. Insiders sold 12,490 shares of the company worth $393,208 in the past three months. 18.20% of the shares are held by insiders.

Changes to analyst ratings

Separately, Piper Sandler lowered her target price on First Western Financial to $36.00 in a Monday, July 4 report.

About First Western Financial

(Get a rating)

First Western Financial, Inc., a financial holding company, provides wealth management, private banking, personal trust, investment management, mortgage lending and institutional asset management services. The Company operates through two segments: Wealth Management and Mortgages. The Wealth Management segment provides deposit, loan, insurance, trust and investment management advisory products and services.

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Institutional ownership by quarter for First Western Financial (NASDAQ:MYFW)



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