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Date | Price Target | Rating | Analyst |
---|---|---|---|
8/28/2024 | $21.00 → $23.50 | Outperform | Hovde Group |
2/28/2024 | $20.50 → $19.00 | Market Perform → Outperform | Hovde Group |
1/4/2023 | $30.00 | Outperform → Market Perform | Hovde Group |
12/15/2022 | $32.00 → $30.00 | Overweight → Neutral | Piper Sandler |
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 in Q1 2024 to $22.27 in Q2 2024Net 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 2024Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compared to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- First Western Fin
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. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Wednesday, July 24, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participants on
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. Scott C. Wylie, CEO of First Western, said, "We believe that repurchasing our shares is an attractive long-term inve
4 - First Western Financial Inc (0001327607) (Issuer)
4 - First Western Financial Inc (0001327607) (Issuer)
3 - First Western Financial Inc (0001327607) (Issuer)
Hovde Group reiterated coverage of First Western with a rating of Outperform and set a new price target of $23.50 from $21.00 previously
Hovde Group upgraded First Western from Market Perform to Outperform and set a new price target of $19.00 from $20.50 previously
Hovde Group downgraded First Western from Outperform to Market Perform and set a new price target of $30.00
10-Q - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
8-K - First Western Financial Inc (0001327607) (Filer)
SC 13G/A - First Western Financial Inc (0001327607) (Subject)
SC 13G/A - First Western Financial Inc (0001327607) (Subject)
SC 13G/A - First Western Financial Inc (0001327607) (Subject)
DENVER, June 06, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Ellen S. Robinson to the Company's Board of Directors, as well as the retirement of Eric D. Sipf from the Board of Directors. Scott C. Wylie, Chairman and CEO of First Western, said, "We are very pleased to welcome Ellen Robinson to our Board of Directors. Ellen has been a prominent member of the Denver business community for many years and has been a successful executive in large corporate and smaller, entrepreneurial business environments. She is a seasoned bu
DENVER, Feb. 10, 2022 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (NASDAQ:MYFW), a financial services holding company headquartered in Denver, Colorado ("First Western" or the "Company"), today announced the appointment of Julie A. Courkamp to the newly created position of Chief Operating Officer. Ms. Courkamp will continue serving in her previous roles as Chief Financial Officer and Treasurer of First Western. Ms. Courkamp also serves on the Board of Directors of First Western Financial, Inc. and First Western Trust Bank. In her role as Chief Operating Officer, Ms. Courkamp will have responsibility for overseeing the Company's operations across the bank, mortgage, trust and inves
Keefe, Bruyette & Woods analyst Wood Lay maintains First Western Financial (NASDAQ:MYFW) with a Outperform and lowers the price target from $25 to $23.
First Western Financial (NASDAQ:MYFW) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.32 by 65.63 percent. This is a 31.25 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $22.750 million which missed the analyst consensus estimate of $24.200 million by 5.99 percent. This is a 1.58 percent increase over sales of $22.397 million the same period last year.
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 in Q1 2024 to $22.27 in Q2 2024Net 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 2024Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compared to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) -- First Western Fin
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. Management will hold a conference call at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time on Wednesday, July 24, 2024, to discuss First Western's financial results. Analysts and investors may participate in the question-and-answer session. The conference call will be webcast live on the News & Events page of First Western's investor relations website. Participants on
First Quarter 2024 Summary Net income available to common shareholders of $2.5 million in Q1 2024, compared to a Net loss of $3.2 million in Q4 2023.Diluted earnings/(loss) per share of $0.26 in Q1 2024, compared to $(0.34) in Q4 2023 Non-interest income increased 19.7% to $7.3 million compared to $6.1 million in Q4 2023 and 25.3% compared to $5.8 million in Q1 2023Loan to deposit ratio decreased to 98.4% in Q1 2024, compared to 100.6% in Q4 2023Book value per common share increased 0.8% from $25.33 in Q4 2023 to $25.52 in Q1 2024. Tangible book value per common share(1) increased 0.9% from $22.01 in Q4 2023, to $22.21 in Q1 2024.Total capital to risk-weighted assets ratio of 13.15% in Q1 2