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MYFW

First Western Financial NasdaqGS:MYFW Stock Report

Last Price

US$25.59

Market Cap

US$242.8m

7D

2.8%

1Y

-11.8%

Updated

06 Oct, 2022

Data

Company Financials +
MYFW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MYFW Stock Overview

First Western Financial, Inc., a financial holding company, provides wealth management, private banking, personal trust, investment management, mortgage lending, and institutional asset management services.

First Western Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Western Financial
Historical stock prices
Current Share PriceUS$25.59
52 Week HighUS$34.20
52 Week LowUS$24.64
Beta0.71
1 Month Change-1.99%
3 Month Change-9.45%
1 Year Change-11.76%
3 Year Change62.37%
5 Year Changen/a
Change since IPO29.90%

Recent News & Updates

Shareholder Returns

MYFWUS BanksUS Market
7D2.8%3.1%3.3%
1Y-11.8%-24.3%-20.4%

Return vs Industry: MYFW exceeded the US Banks industry which returned -22.7% over the past year.

Return vs Market: MYFW exceeded the US Market which returned -18.8% over the past year.

Price Volatility

Is MYFW's price volatile compared to industry and market?
MYFW volatility
MYFW Average Weekly Movement3.1%
Banks Industry Average Movement3.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.9%

Stable Share Price: MYFW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MYFW's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002313Scott Wyliehttps://www.myfw.com

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.

First Western Financial Fundamentals Summary

How do First Western Financial's earnings and revenue compare to its market cap?
MYFW fundamental statistics
Market CapUS$242.79m
Earnings (TTM)US$18.34m
Revenue (TTM)US$101.30m

13.2x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYFW income statement (TTM)
RevenueUS$101.30m
Cost of RevenueUS$0
Gross ProfitUS$101.30m
Other ExpensesUS$82.96m
EarningsUS$18.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.93
Gross Margin100.00%
Net Profit Margin18.10%
Debt/Equity Ratio52.6%

How did MYFW perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MYFW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MYFW?

Other financial metrics that can be useful for relative valuation.

MYFW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does MYFW's PE Ratio compare to its peers?

MYFW PE Ratio vs Peers
The above table shows the PE ratio for MYFW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.1x
FGBI First Guaranty Bancshares
8.2x1.3%US$238.4m
FRBA First Bank
8.1x9.5%US$272.7m
RVRF River Financial
8.2xn/aUS$226.4m
NWFL Norwood Financial
7.9xn/aUS$216.7m
MYFW First Western Financial
13.2x35.3%US$242.8m

Price-To-Earnings vs Peers: MYFW is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (8.1x).


Price to Earnings Ratio vs Industry

How does MYFW's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: MYFW is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the US Banks industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is MYFW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MYFW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: MYFW is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).


Share Price vs Fair Value

What is the Fair Price of MYFW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MYFW ($25.59) is trading below our estimate of fair value ($81.25)

Significantly Below Fair Value: MYFW is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


35.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYFW's forecast earnings growth (35.3% per year) is above the savings rate (1.9%).

Earnings vs Market: MYFW's earnings (35.3% per year) are forecast to grow faster than the US market (14.8% per year).

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

Revenue vs Market: MYFW's revenue (17.6% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: MYFW's revenue (17.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MYFW's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


49.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MYFW has high quality earnings.

Growing Profit Margin: MYFW's current net profit margins (18.1%) are lower than last year (26.9%).


Past Earnings Growth Analysis

Earnings Trend: MYFW has become profitable over the past 5 years, growing earnings by 49% per year.

Accelerating Growth: MYFW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MYFW had negative earnings growth (-31.5%) over the past year, making it difficult to compare to the Banks industry average (8.4%).


Return on Equity

High ROE: MYFW's Return on Equity (8%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MYFW's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: MYFW has a sufficient allowance for bad loans (365%).

Low Risk Liabilities: 94% of MYFW's liabilities are made up of primarily low risk sources of funding.

Loan Level: MYFW has an appropriate level of Loans to Assets ratio (84%).

Low Risk Deposits: MYFW's Loans to Deposits ratio (98%) is appropriate.

Level of Bad Loans: MYFW has an appropriate level of bad loans (0.2%).


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

First Western Financial Dividend Yield vs Market
How does First Western Financial dividend yield compare to the market?
SegmentDividend Yield
Company (First Western Financial)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Banks)3.3%
Analyst forecast in 3 Years (First Western Financial)n/a

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

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

Earnings 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.


Discover strong dividend paying companies

Management

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

9.8yrs

Average management tenure


CEO

Scott Wylie (64 yo)

20.75yrs

Tenure

US$1,997,256

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

Scott Wylie's Compensation vs First Western Financial Earnings
How has Scott Wylie's remuneration changed compared to First Western Financial's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$18m

Mar 31 2022n/an/a

US$20m

Dec 31 2021US$2mUS$550k

US$21m

Sep 30 2021n/an/a

US$24m

Jun 30 2021n/an/a

US$27m

Mar 31 2021n/an/a

US$29m

Dec 31 2020US$2mUS$469k

US$25m

Sep 30 2020n/an/a

US$22m

Jun 30 2020n/an/a

US$15m

Mar 31 2020n/an/a

US$8m

Dec 31 2019US$867kUS$450k

US$8m

Sep 30 2019n/an/a

US$7m

Jun 30 2019n/an/a

US$6m

Mar 31 2019n/an/a

US$5m

Dec 31 2018US$708kUS$450k

US$4m

Sep 30 2018n/an/a

US$2m

Jun 30 2018n/an/a

US$1m

Mar 31 2018n/an/a

US$405k

Dec 31 2017US$4mUS$450k

-US$268k

Compensation vs Market: Scott's total compensation ($USD2.00M) is about average for companies of similar size in the US market ($USD1.76M).

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


Leadership Team

Experienced Management: MYFW's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: MYFW's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MYFW insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

NasdaqGS:MYFW Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
13 Sep 22SellUS$92,825Scott WylieIndividual3,538US$26.49
09 Sep 22SellUS$87,130Scott WylieIndividual3,287US$26.90
25 Aug 22SellUS$109,700Scott WylieIndividual4,000US$27.49
25 Aug 22SellUS$444Scott WylieIndividual16US$27.74
22 Aug 22SellUS$4,394Scott WylieIndividual157US$27.99
19 Aug 22SellUS$51,635Scott WylieIndividual1,779US$29.10
19 Aug 22SellUS$8,125Scott WylieIndividual282US$28.98
16 Aug 22SellUS$135,644Scott WylieIndividual4,679US$28.99
10 Aug 22SellUS$210,700Scott WylieIndividual7,500US$28.40
03 Aug 22BuyUS$25,243John SawyerIndividual925US$27.29
31 May 22SellUS$227,353David DuncanIndividual7,096US$32.06
27 May 22SellUS$446,593David DuncanIndividual14,174US$31.77
25 May 22SellUS$114,753David DuncanIndividual3,730US$30.77
18 Feb 22BuyUS$99,270Scott MitchellIndividual3,000US$33.20

Ownership Breakdown

What is the ownership structure of MYFW?
Owner TypeNumber of SharesOwnership Percentage
VC/PE Firms728,3867.7%
Individual Insiders1,503,99415.9%
General Public3,033,71032.0%
Institutions4,221,67644.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.7%.


Top Shareholders

Top 25 shareholders own 56.86% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.68%
Banc Funds Company, L.L.C.
728,386$18.6m-1.6%1.69%
7.67%
Scott Wylie
727,819$18.6m-2.78%no data
4.21%
BlackRock, Inc.
399,879$10.2m1254.01%no data
3.89%
FJ Capital Management, LLC
369,000$9.4m-0.07%0.93%
3.72%
The Vanguard Group, Inc.
353,224$9.0m32.31%no data
2.79%
Kennedy Capital Management, Inc.
264,964$6.8m-20.02%0.19%
2.72%
Elizabeth Park Capital Advisors, Ltd.
258,019$6.6m0%2.73%
2.33%
AllianceBernstein L.P.
221,348$5.7m240.01%no data
2.2%
Punch & Associates Investment Management, Inc.
208,400$5.3m-11.05%0.36%
1.89%
Eric Sipf
178,872$4.6m0.22%no data
1.88%
Basswood Capital Management, L.L.C.
178,828$4.6m-65.74%0.29%
1.87%
Tieton Capital Management, LLC
177,294$4.5m-2.13%3%
1.64%
Patrick Hamill
155,970$4.0m0.26%no data
1.52%
Joseph Zimlich
144,556$3.7m0.28%no data
1.43%
Bridgeway Capital Management, LLC
135,624$3.5m251.14%0.08%
1.29%
Geode Capital Management, LLC
122,307$3.1m118.42%no data
1.17%
Franklin Resources, Inc.
110,706$2.8m0%no data
1.14%
BOCO Investments, LLC, Asset Mangement Arm
108,597$2.8m0%no data
0.95%
Bohemian Investments
90,146$2.3m0%no data
0.94%
Thomas Gart
89,318$2.3m1.54%no data
0.89%
State Street Global Advisors, Inc.
84,371$2.2m188.7%no data
0.81%
Stifel Asset Management Corp.
77,000$2.0m0%no data
0.76%
Dimensional Fund Advisors LP
72,086$1.8m54.73%no data
0.76%
Northern Trust Global Investments
72,048$1.8m268.65%no data
0.69%
David Duncan
65,581$1.7m-23.51%no data

Company Information

First Western Financial, Inc.'s 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
  • Implied Market Cap: US$242.792m
  • Shares outstanding: 9.49m
  • 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
33QDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.