First Western Financial (MYFW) AI Stock Analysis

• Market Cap: $218.69M
• Dividend Yield: N/A
• Average Volume (3M): 43.30K
• Price to Earnings (P/E): 21.7
• Beta (1Y): 1.22
• Revenue Growth: 3.14%
• EPS Growth: 35.67%
• Country: US
• Employees: 321
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 0.43
• Shares Outstanding: 9,715,432
• 10 Day Avg. Volume: 55,897
• 30 Day Avg. Volume: 43,301
• PEG Ratio: -1.09
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.88
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 0.45
• Enterprise Value/Gross Profit: 1.78
• Enterprise Value/Ebitda: 6.07
• 1Y Price Target: $24.25
• Price Target Upside: 7.73% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 63 Neutral
• Price Target: $22.50 ▼(-0.04%Downside)

First Western Financial's stable financial performance and positive earnings call sentiment are the main strengths. However, technical analysis suggests limited momentum, and valuation metrics indicate moderate attractiveness. The company's growth potential may be tempered by challenges in cash flow management and flat loan production.

First Western Financial Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

First Western Financial generates revenue through various fee-based services and interest income. The company earns fees from wealth management services, including investment advisory and portfolio management, where clients are charged a percentage of assets under management. Additionally, First Western provides trust and estate planning services, which also contribute fee income. In the private banking sector, the company earns interest income from loans and credit products offered to clients. Deposits gathered through banking services provide a low-cost funding source to support lending activities. Key factors contributing to its earnings include strong client relationships, an experienced advisory team, and a focus on personalized financial solutions.

First Western Financial Financial Statement Overview

Summary

First Western Financial exhibits strong revenue growth and effective cost management, with substantial improvements in EBIT margin. However, low net profit margin and negative cash flows indicate challenges in profitability and liquidity.

Income Statement

The income statement shows a significant increase in total revenue from $82.7M in 2023 to $152.7M in 2024, indicating a strong revenue growth rate of 84.6%. Gross profit margin is robust at 100% due to the nature of banking. However, the net profit margin is relatively low at 5.55%, suggesting limited profitability. EBIT margin improved substantially to 99.2% in 2024, reflecting effective cost management.

Balance Sheet

The balance sheet is characterized by a strong equity base with stockholders' equity at $252.3M. The debt-to-equity ratio is 0, indicating no debt leverage, which is positive for financial stability. However, the equity ratio is relatively low at 8.64%, implying that the company relies heavily on liabilities to finance its assets. Return on equity is modest at 3.36%, reflecting moderate efficiency in generating profit from shareholders' funds.

Cash Flow

The cash flow statement reveals challenges in cash management, with negative operating cash flow of -$0.54M in 2024. There is a negative free cash flow growth rate due to significant negative free cash flow, indicating potential liquidity issues. The operating cash flow to net income ratio is negative, highlighting inefficiencies in converting net income into cash. The free cash flow to net income ratio is also negative, underscoring cash flow constraints.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	152.65M	82.70M	1.45M	96.66M	97.28M
Gross Profit	89.44M	82.70M	1.45M	96.66M	97.28M
EBITDA	0.00	0.00	30.84M	28.54M	34.18M
Net Income	8.47M	5.22M	21.70M	20.61M	24.53M
Balance Sheet
Total Assets	2.92B	2.98B	2.87B	2.53B	1.97B
Cash, Cash Equivalents and Short-Term Investments	9.77M	254.44M	196.51M	441.70M	192.66M
Total Debt	109.60M	178.05M	199.02M	77.66M	173.85M
Total Liabilities	2.67B	2.73B	2.63B	2.31B	1.82B
Stockholders Equity	252.32M	242.74M	240.86M	219.04M	154.96M
Cash Flow
Free Cash Flow	-1.76M	19.53M	45.31M	163.74M	-94.54M
Operating Cash Flow	-544.00K	21.88M	48.28M	165.85M	-93.33M
Investing Cash Flow	66.44M	-66.39M	-558.80M	-46.36M	-456.02M
Financing Cash Flow	-84.30M	102.44M	320.05M	111.50M	626.70M

First Western Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYFW, the sentiment is Positive. The current price of 22.51 is above the 20-day moving average (MA) of 21.26, above the 50-day MA of 21.10, and above the 200-day MA of 20.19, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 89.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYFW.

First Western Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EFSI	72 Outperform	$163.66M	14.65	4.10%	4.07%	-2.87%	-21.25%
FUNC	71 Outperform	$189.31M	8.37	12.99%	3.01%	13.41%	62.54%
ESSA	71 Outperform	$195.48M	12.42	6.43%	3.12%	5.57%	-16.40%
CFFI	70 Outperform	$201.05M	9.29	9.67%	2.96%	10.36%	10.16%
MYFW	63 Neutral	$218.69M	21.72	4.04%	―	3.14%	35.67%
FINW	62 Neutral	$188.44M	15.45	7.16%	―	10.74%	-27.38%
Sector *	58 Neutral	$12.55B	5.32	-2.71%	5.27%	5.88%	-56.03%

First Western Financial Corporate Events

First Western Financial Appoints New Chief Revenue Officer

On June 5, 2025, First Western Financial, Inc. appointed Matthew C. Cassell as Chief Revenue Officer of First Western Trust Bank. Mr. Cassell, who joined the bank in May 2020 and served as Chief Banking Officer since February 2023, brings extensive leadership experience from his previous roles, including as Colorado President for Simmons Bank. This appointment is expected to enhance the bank’s revenue strategies, leveraging Mr. Cassell’s vast experience in the banking sector.

The most recent analyst rating on (MYFW) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial Shareholders Approve Omnibus Incentive Plan

On June 4, 2025, First Western Financial, Inc. held its annual meeting where shareholders approved the amendment and restatement of the company’s Omnibus Incentive Plan, increasing the share reserve by 150,000 shares. Additionally, shareholders elected eleven directors, ratified Crowe LLP as the independent accounting firm for 2025, and approved executive compensation, reflecting strong support for the company’s strategic initiatives and governance.

The most recent analyst rating on (MYFW) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial Reports Key Financial Milestones

In 2024, First Western Financial, Inc. achieved significant financial milestones despite challenging economic conditions and fluctuating interest rates. The company improved its liquidity, expanded its net interest margin, and enhanced asset quality by reducing non-performing loans. It also reported a 3.7% increase in tangible book value per share and growth in capital ratios. The company’s strategic focus on business development led to an increase in deposit accounts and strong loan production, contributing to its robust balance sheet and market presence. These efforts, alongside a diversified client base and conservative underwriting, position First Western well for continued growth and value creation for shareholders.

The most recent analyst rating on (MYFW) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial Highlights Strong Growth in June 2025

In June 2025, First Western Financial, Inc. presented investor materials highlighting its strong financial and operational momentum. The company reported significant revenue growth and increased total assets by 178% since its IPO, driven by a combination of organic growth and strategic acquisitions. The firm maintains a stable deposit base and minimal credit losses, with insiders owning approximately 15.5% of shares, aligning management interests with shareholders.

The most recent analyst rating on (MYFW) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial’s Stock Repurchase Plan Approved

On April 23, 2025, First Western Financial, Inc.’s Board of Directors authorized a stock repurchase plan of up to $5 million. The Federal Reserve approved this plan on May 14, 2025, and it will be effective for one year starting June 13, 2025. The plan allows for repurchases through various methods, including open market and privately negotiated transactions, without obligating the company to a specific amount or number of shares.

The most recent analyst rating on (MYFW) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on First Western Financial stock, see the MYFW Stock Forecast page.

First Western Financial Appoints New Accounting Officer

On April 23, 2025, First Western Financial, Inc. appointed David R. Weber as the Principal Accounting Officer, effective immediately. Mr. Weber, who has been with the company since 2018 and has held various finance roles, will take over from Jesica J. Montgomery as she moves to other functions within the company.

First Western Financial Reports Q1 2025 Profit Surge

First Western Financial reported a significant improvement in profitability for the first quarter of 2025, with net income rising to $4.2 million from $2.7 million in the previous quarter. The company saw positive trends in net interest margin, non-interest income, and deposit growth, alongside a reduction in nonperforming assets due to the sale of two major properties. This performance reflects a strategic focus on enhancing financial stability and shareholder value, with expectations of continued positive trends throughout the year.