First Western Financial, Inc. (NASDAQ:MYFW – Get Rating) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 92,400 shares, a decline of 17.3% from the December 31st total of 111,700 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is presently 5.4 days.

Insider Buying and Selling

In other First Western Financial news, Director David R. Duncan sold 2,034 shares of First Western Financial stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $29.53, for a total transaction of $60,064.02. Following the completion of the transaction, the director now directly owns 15,126 shares of the company's stock, valued at $446,670.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director David R. Duncan sold 2,034 shares of the business's stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $29.53, for a total value of $60,064.02. Following the completion of the transaction, the director now owns 15,126 shares of the company's stock, valued at $446,670.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott C. Wylie sold 1,611 shares of the business's stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $28.95, for a total value of $46,638.45. Following the transaction, the chief executive officer now directly owns 760,148 shares of the company's stock, valued at approximately $22,006,284.60. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MYFW. UBS Group AG grew its position in First Western Financial by 35.8% during the first quarter. UBS Group AG now owns 1,359 shares of the company's stock worth $42,000 after buying an additional 358 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in First Western Financial in the third quarter valued at approximately $49,000. BNP Paribas Arbitrage SA boosted its stake in shares of First Western Financial by 4,034.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,067 shares of the company's stock valued at $56,000 after purchasing an additional 2,017 shares during the period. BNP Paribas Arbitrage SNC increased its stake in shares of First Western Financial by 23.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,547 shares of the company's stock worth $63,000 after buying an additional 480 shares during the period. Finally, American International Group Inc. purchased a new position in shares of First Western Financial in the second quarter valued at about $100,000. 51.34% of the stock is currently owned by hedge funds and other institutional investors.

First Western Financial Stock Performance

Analyst Ratings Changes

MYFW has been the topic of several research reports. Hovde Group downgraded shares of First Western Financial from an "outperform" rating to a "market perform" rating and set a $30.00 price objective on the stock. in a report on Wednesday, January 4th. Piper Sandler downgraded shares of First Western Financial from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $32.00 to $30.00 in a research report on Thursday, December 15th.

About First Western Financial

(Get Rating)

First Western Financial, Inc operates as a financial holding company, which engages in the provision of wealth managements services. It operates through the following business segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment consists of operations relating to its fully integrated wealth management business.

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