NasdaqGS:MYFW

Stock Analysis Report

First Western Financial

Executive Summary

First Western Financial, Inc., a financial holding company, through its subsidiaries, provides private banking, personal trust, investment management, mortgage loans, and institutional asset management services.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

How has First Western Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MYFW has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.2%

MYFW

-9.5%

US Banks

-3.8%

US Market


1 Year Return

1.9%

MYFW

-34.8%

US Banks

-15.9%

US Market

Return vs Industry: MYFW exceeded the US Banks industry which returned -34.8% over the past year.

Return vs Market: MYFW exceeded the US Market which returned -15.9% over the past year.


Shareholder returns

MYFWIndustryMarket
7 Day-6.2%-9.5%-3.8%
30 Day-22.9%-26.7%-17.4%
90 Day-17.6%-43.7%-24.1%
1 Year1.9%1.9%-32.8%-34.8%-14.1%-15.9%
3 Yearn/a-23.7%-29.4%10.0%2.8%
5 Yearn/a0.4%-11.2%27.6%13.5%

Price Volatility Vs. Market

How volatile is First Western Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Western Financial undervalued compared to its fair value and its price relative to the market?

13.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MYFW ($13.5) is trading above our estimate of fair value ($8.85)

Significantly Below Fair Value: MYFW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MYFW is poor value based on its PE Ratio (13.3x) compared to the Banks industry average (8.5x).

PE vs Market: MYFW is poor value based on its PE Ratio (13.3x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: MYFW is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: MYFW is overvalued based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is First Western Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

34.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYFW's forecast earnings growth (34.4% per year) is above the savings rate (1.7%).

Earnings vs Market: MYFW's earnings (34.4% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MYFW's revenue (13% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: MYFW's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYFW's Return on Equity is forecast to be low in 3 years time (14.1%).


Next Steps

Past Performance

How has First Western Financial performed over the past 5 years?

87.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MYFW has a high level of non-cash earnings.

Growing Profit Margin: MYFW's current net profit margins (12.5%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MYFW's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare MYFW's past year earnings growth to its 5-year average.

Earnings vs Industry: MYFW earnings growth over the past year (87.6%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: MYFW's Return on Equity (6.3%) is considered low.


Next Steps

Financial Health

How is First Western Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MYFW has a low level of unsold assets or inventory.

Debt Coverage by Assets: MYFW's debt is covered by short term assets (assets are 8.3x debt).


Financial Institutions Analysis

Asset Level: MYFW's level of assets compared to its equity is low.

Allowance for Bad Loans: MYFW has a low allowance for bad loans.

Low Risk Liabilities: MYFW's liabilities are made up of primarily low risk sources of funding.

Loan Level: MYFW has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MYFW's loans are broadly funded by customer deposits.

Level of Bad Loans: MYFW has an appropriate level of bad loans (1.23%)


Next Steps

Dividend

What is First Western Financial's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MYFW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MYFW's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MYFW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MYFW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYFW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average board tenure


CEO

Scott Wylie (60yo)

18.25s

Tenure

US$706,717

Compensation

Mr. Scott C. Wylie serves as Founder, Chairman, Chief Executive Officer, and President of First Western Trust Bank and First Western Financial, Inc since 2002. He also serves as Chairman and Chief Executiv ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD706.72K) is about average for companies of similar size in the US market ($USD626.05K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Scott Wylie
Chairman18.25yrsUS$706.72k9.31% $9.9m
Eric Sipf
Independent Director17.25yrsUS$60.75k2.21% $2.4m
Thomas Gart
Independent Director7.25yrsUS$54.75k1.1% $1.2m
Julie Caponi
Independent Director3.25yrsUS$55.75k0.17% $176.6k
Joseph Zimlich
Lead Independent Directorno dataUS$56.90k0.31% $331.6k
Patrick Hamill
Independent Director16.25yrsUS$56.85k1.26% $1.3m
Luke Latimer
Independent Director4.75yrsUS$56.00k0.59% $626.7k
David Duncan
Independent Director9.25yrsUS$53.00k0.032% $33.8k
Mark Smith
Independent Director18.25yrsUS$54.50k0.49% $525.8k

12.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: MYFW's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.5%.


Top Shareholders

Company Information

First Western Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Western Financial, Inc.
  • Ticker: MYFW
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$106.886m
  • Shares outstanding: 7.92m
  • Website: https://www.myfw.com

Number of Employees


Location

  • First Western Financial, Inc.
  • 1900 16th Street
  • Suite 1200
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYFWNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2018

Biography

First Western Financial, Inc., a financial holding company, through its subsidiaries, provides private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment provides deposit, loan, insurance, and trust and investment management advisory products and services. The Capital Management offers institutional investment management services; and acts as advisor of proprietary mutual funds. The Mortgage segment engages in soliciting, originating, and selling mortgage loans into the secondary market. The company serves entrepreneurs, professionals, and high-net worth individuals and their related philanthropic and business organizations through a network of boutique private trust bank offices in Colorado, Arizona, Wyoming, and California. First Western Financial, Inc. was founded in 2002 and is headquartered in Denver, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 08:49
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.