In a report released yesterday, Brady Gailey from KBW maintained a Buy rating on First Western Financial (MYFW – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $17.94.
Gailey covers the Financial sector, focusing on stocks such as Third Coast Bancshares, Bok Financial, and First Horizon. According to TipRanks, Gailey has an average return of 9.9% and a 67.16% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Western Financial with a $22.00 average price target.
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Based on First Western Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.87 million and a net profit of $3.12 million. In comparison, last year the company earned a revenue of $29.25 million and had a net profit of $6.22 million
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First Western Financial (MYFW) Company Description:
First Western Financial, Inc. operates as 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. The Capital Management segment includes operations relating to its institutional investment management services over proprietary fixed income, high yield and equity strategies, including acting as the advisor of three owned, managed and rated proprietary mutual funds. The Mortgage segment consists of operations relating to the origination and sale of residential mortgage loans. The company was founded by Scott C. Wylie and Warren Joseph Olsen in 2002 and is headquartered in Denver, CO.
Read More on MYFW:
- First Western Financial Q4 Earnings Call and Webcast Announcement
- First Western Financial reports Q4 EPS 3c, consensus 32c
- First Western Reports Fourth Quarter 2023 Financial Results
- Is MYFW a Buy, Before Earnings?
- First Western Financial, Inc. to Report Fourth Quarter 2023 Financial Results on Thursday, January 25
