Streetbeat News

MYFW

First Western Financial, Inc.

https://www.myfw.com

Industry

Banks - Regional

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 Mortgage. The Wealth Management segment provides deposit, loan, insurance, and trust and investment management advisory products and services. The Mortgage segment engages in soliciting, originating, and selling mortgage loans into the secondary market. It serves entrepreneurs, professionals, high-net worth individuals or families, and philanthropic and business organizations. The company operates 18 profit centers, including 14 boutique private trust bank offices with 2 locations in Arizona, 9 locations in Colorado, and 3 location in Wyoming; 2 loan production offices with 1 location in Ft. Collins, Colorado, and 1 location in Greenwood Village, Colorado; and 2 trust offices with 1 location in Laramie, Wyoming, and 1 location in Century City, California. First Western Financial, Inc. was incorporated in 2002 and is headquartered in Denver, Colorado.

Open

20.70

Mkt cap

198M

Volume

19K

High

20.70

P/E Ratio

81.76

52-wk high

21.87

Low

19.75

Div yield

N/A

52-wk low

12.84

First Western Financial (NASDAQ:MYFW) reported Q4 earnings with an EPS of $0.03, significantly missing the estimate of $0.32 by 90.62%. Revenue also declined by $5.99 million compared to the same period last year. The company has a history of missing EPS estimates, which previously led to an 8.45% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 9:30 pm

First Western Financial (NASDAQ:MYFW) reported a significant miss in Q4 earnings, with an adjusted EPS of $0.03 compared to the $0.32 estimate, a 90.63% miss. Year-over-year, this represents a 94.83% decrease from the previous $0.58 EPS. Sales also fell short at $22.41M versus the expected $23.83M, marking a 5.95% miss and a 21.09% decrease from the previous year's $28.40M.

Portfolio Pulse from bharat@benzinga.com

January 25, 2024 | 9:28 pm

First Western Financial (NASDAQ:MYFW) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, MYFW missed EPS estimates by $0.13, resulting in an 8.45% share price drop the following day. Over the past year, MYFW shares have declined by 32.24%, indicating potential investor dissatisfaction ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:01 pm

Benzinga Insights has identified five value stocks in the financial services sector based on quantified analysis. These include First Western Financial (NASDAQ:MYFW), M&T Bank (NYSE:MTB), Sound Financial Bancorp (NASDAQ:SFBC), National Bankshares (NASDAQ:NKSH), and KB Financial Group (NYSE:KB). The selection is based on the price-to-earnings (P/E) multiple, with a lower P/E indicating potential undervaluation.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 2:48 pm

First Western Financial reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 3:04 pm

First Western Financial (NASDAQ:MYFW) reported Q3 earnings of $0.32 per share, missing the analyst consensus estimate of $0.45 by 28.89%. This is a 51.52% decrease from the same period last year. The company also reported quarterly sales of $23.14 million, missing the analyst consensus estimate of $25.39 million by 8.88%. This is a 21.05% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:18 pm

Several companies are scheduled to report their quarterly earnings on October 19, 2023. These include Nokia, Atlantic Union Bankshares, Taiwan Semiconductor, Home BancShares, Freeport-McMoRan, East West Bancorp, Union Pacific, Webster Finl, Watsco, ManpowerGroup, Pool, Blackstone, Philip Morris Intl, BankUnited, AT&T, Snap-on, Texas Capital Bancshares, Dime Community Bancshares, Alaska Air Gr, Badger Meter, Heritage Financial, S&T Bancorp, Iridium Comms, American Airlines Group, Marsh & McLennan, Genuine Parts, Lindsay, Fifth Third Bancorp, KeyCorp, WNS (Hldgs), Truist Finl, Insteel Indus, Hilltop Hldgs, OceanFirst Financial, Knight-Swift, Bank OZK, CSX, Amerant Bancorp, Five Point Holdings, Glacier Bancorp, Independent Bank, First Western Financial, Associated Banc, Alpine Income Prop Trust, Triumph Financial, Western Alliance, Metropolitan Bank Holding, Intuitive Surgical, 1st Source, Banco Latinoamericano, WD-40, and Corporacion Inmobiliaria.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:28 pm

First Western Financial (NASDAQ:MYFW) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an EPS of $0.45. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $18.49, down 32.43% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:01 pm

First Western Financial, Inc. (NASDAQ:MYFW) has announced executive promotions. Julie Courkamp, previously CFO and COO of the company, has been promoted to President and COO of First Western Trust, the bank subsidiary, and will continue to serve as COO of the company. David Weber, previously Director of Finance and Treasury, has been promoted to CFO and Treasurer of the company and the bank.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:12 pm

First Western Financial (NASDAQ:MYFW) reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.43 by 41.86%. This is a 48.98% decrease from the same period last year. The company also reported quarterly sales of $22.40 million, missing the analyst consensus estimate of $25.74 million by 12.99%. This is a 17.29% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 27, 2023 | 8:42 pm

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