First Western Financial’s (NASDAQ:MYFW) lock-up period will expire on Tuesday, January 15th. First Western Financial had issued 1,975,000 shares in its initial public offering on July 19th. The total size of the offering was $37,525,000 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of First Western Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Stephens reiterated a “hold” rating and issued a $14.00 target price on shares of First Western Financial in a research note on Wednesday, December 19th.
Shares of NASDAQ:MYFW opened at $12.65 on Friday. First Western Financial has a 52-week low of $10.91 and a 52-week high of $20.95. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.
A number of hedge funds have recently modified their holdings of the business. Banc Funds Co. LLC acquired a new stake in First Western Financial during the third quarter worth approximately $4,101,000. Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of First Western Financial in the third quarter valued at approximately $3,371,000. Wasatch Advisors Inc. acquired a new stake in shares of First Western Financial in the third quarter valued at approximately $3,290,000. Northpointe Capital LLC acquired a new stake in shares of First Western Financial in the third quarter valued at approximately $2,884,000. Finally, Bank of Montreal Can acquired a new stake in shares of First Western Financial in the third quarter valued at approximately $341,000. Hedge funds and other institutional investors own 31.28% of the company’s stock.
First Western Financial Company Profile
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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