First Western Financial
MYFW
Market cap $204M

21.16 USD

-0.50

2.31%

At close Oct 18, 4:00 PM EDT

1 day

-2.31%

5 days

-0.28%

1 month

8.07%

3 months

8.79%

6 months

55.02%

Year to date

7.85%

1 year

25.58%

5 years

28.63%

About: First Western Financial Inc is a financial holding company that provides a fully integrated suite of wealth management services on its private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning, and investment management products and services. The company has two operating segments; The Wealth Management segment consists of operations relative to the Company's fully integrated wealth management products and services, and The Mortgage segment consists of operations relative to the Company's residential mortgage service offerings. The bank derives its majority revenue from the wealth management segment.

Employees: 310

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

18% more capital invested

Capital invested by funds: $80.8M [Q1] → $95.3M (+$14.5M) [Q2]

11% more funds holding

Funds holding: 57 [Q1] → 63 (+6) [Q2]

0.33% more ownership

Funds ownership: 57.47% [Q1] → 57.8% (+0.33%) [Q2]

24% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 25

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$20

5%

downside

Avg. target

$22

2%

upside

High target

$23

9%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Piper Sandler Matthew Clark 67% 1-year accuracy 10 / 15 met price target	5%downside $20	Neutral Maintained	29 Jul 2024
Keefe, Bruyette & Woods Wood Lay 71% 1-year accuracy 15 / 21 met price target	9%upside $23	Outperform Maintained	25 Jul 2024

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Financial journalist opinion

First Western Financial, Inc. to Report Third Quarter 2024 Financial Results on Thursday, October 24

DENVER, Oct. 04, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that it will release financial results for its third quarter ended September 30, 2024 after the markets close on Thursday, October 24, 2024.

First Western Financial, Inc. to Report Third Quarter 2024 Financial Results on Thursday, October 24

Zacks Investment Research

Should Value Investors Buy First Western Financial (MYFW) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy First Western Financial (MYFW) Stock?

First Western Financial, Inc. (MYFW) Q2 2024 Earnings Call Transcript

First Western Financial, Inc. (NASDAQ:MYFW ) Q2 2024 Earnings Conference Call July 24, 2024 12:00 PM ET Company Participants Tony Rossi - Financial Profiles, Inc. Scott Wylie - Chairman and Chief Executive Officer Julie Courkamp - Chief Operating Officer David Weber - Chief Financial Officer Conference Call Participants Wood Lay - Keefe, Bruyette, & Woods, Inc. Bill Dezellem - Tieton Capital Management LLC Ross Haberman - RLH Investments Operator Good day, everyone, and thank you for standing by. Welcome to First Western Financial Second Quarter 2024 Earnings Conference Call.

First Western Financial, Inc. (MYFW) Q2 2024 Earnings Call Transcript

Zacks Investment Research

First Western (MYFW) Q2 Earnings and Revenues Miss Estimates

First Western (MYFW) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.25 per share a year ago.

First Western (MYFW) Q2 Earnings and Revenues Miss Estimates

First Western Reports Second Quarter 2024 Financial Results

Second Quarter 2024 Summary Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share (1) increased 0.2% from $22.21 i n Q1 2024 to $22.27 in Q2 2024 Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024 Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024 Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compare d to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the second quarter ended June 30, 2024.

First Western Reports Second Quarter 2024 Financial Results

Zacks Investment Research

First Western (MYFW) Reports Next Week: Wall Street Expects Earnings Growth

First Western (MYFW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Western (MYFW) Reports Next Week: Wall Street Expects Earnings Growth

Zacks Investment Research

Will First Western (MYFW) Gain on Rising Earnings Estimates?

First Western (MYFW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will First Western (MYFW) Gain on Rising Earnings Estimates?

First Western Financial, Inc. to Report Second Quarter 2024 Financial Results on Tuesday, July 23

DENVER, July 05, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western”), announced today that it will release financial results for its second quarter ended June 30, 2024 after the markets close on Tuesday, July 23, 2024.

First Western Financial, Inc. to Report Second Quarter 2024 Financial Results on Tuesday, July 23

Zacks Investment Research

First Western Financial (MYFW) Gains on New Share Buyback Plan

First Western Financial (MYFW) rewards shareholders with a new share repurchase program. The plan authorizes the buyback of up to 2 million shares for a year.

First Western Financial (MYFW) Gains on New Share Buyback Plan

First Western Financial, Inc. Announces Stock Repurchase Program

DENVER, June 17, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ: MYFW), a financial services holding company headquartered in Denver, Colorado (“First Western” or “the Company”), announced that on June 13, 2024 its Board of Directors approved a stock repurchase program that authorizes the Company to repurchase up to 200,000 shares of its common stock, which represents approximately 2% of the Company's outstanding shares. The Board of Governors of the Federal Reserve System advised the Company that it has no objection to the Company's stock repurchase program.

First Western Financial, Inc. Announces Stock Repurchase Program

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