First Western Financial (MYFW) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Western Financial in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MYFW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYFW, but not buy additional shares or sell existing shares.
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3 analysts have issued 1-year target prices for First Western Financial's shares. Their MYFW share price forecasts range from $30.00 to $32.00. On average, they expect the company's share price to reach $30.67 in the next twelve months. This suggests a possible upside of 75.2% from the stock's current price.
View analysts price targets for MYFW or view top-rated stocks among Wall Street analysts.

First Western Financial's stock was trading at $28.15 on January 1st, 2023. Since then, MYFW shares have decreased by 37.8% and is now trading at $17.50.
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First Western Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 113,900 shares, an increase of 18.5% from the April 30th total of 96,100 shares. Based on an average trading volume of 20,700 shares, the short-interest ratio is presently 5.5 days. Approximately 1.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MYFW earnings forecast.

First Western Financial, Inc. (NASDAQ:MYFW) announced its quarterly earnings data on Thursday, April, 27th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.07. The company had revenue of $25.38 million for the quarter, compared to analyst estimates of $27.20 million. First Western Financial had a trailing twelve-month return on equity of 8.71% and a net margin of 14.16%.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Western Financial investors own include Suncor Energy (SU), Verizon Communications (VZ), AbbVie (ABBV), CenterPoint Energy (CNP), JPMorgan Chase & Co. (JPM), Mercury General (MCY), ONEOK (OKE), Toronto-Dominion Bank (TD), WestRock (WRK) and Exxon Mobil (XOM).

(MYFW) raised $38 million in an initial public offering (IPO) on Thursday, July 19th 2018. The company issued 1,900,000 shares at $19.00-$21.00 per share. Keefe, Bruyette & Woods (A Stifel Company) and Stephens served as the underwriters for the IPO and Sandler O'Neill + Partners, L.P. was co-manager.

First Western Financial trades on the NASDAQ under the ticker symbol "MYFW."

First Western Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.57%), North Reef Capital Management LP (4.51%), Punch & Associates Investment Management Inc. (2.54%), Tieton Capital Management LLC (1.66%), Dimensional Fund Advisors LP (1.41%) and Diamond Hill Capital Management Inc. (1.25%). Insiders that own company stock include David R Duncan, John Emery Sawyer, Joseph C Zimlich, Julie A Courkamp, Mark L Smith, Scott C Mitchell, Scott C Wylie, Scott C Wylie and Scott J Lawley.
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Shares of MYFW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MYFW stock can currently be purchased for approximately $17.50.

First Western Financial (NASDAQ:MYFW) has a market capitalization of $166.95 million and generates $128.89 million in revenue each year. The company earns $21.70 million in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 313 workers across the globe.

First Western Financial's mailing address is 1900 SIXTEENTH ST #1200, DENVER CO, 80202. The official website for the company is www.myfw.com. The company can be reached via phone at (303) 531-8100 or via email at ir@myfw.com.