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First Western Financial: Outlook For Balance Sheet Growth Remains Positive

Sheen Bay Research profile picture
Sheen Bay Research
3.17K Followers

Summary

  • The management's efforts to expand its commercial banking and construction teams will likely drive fee income and loans.
  • The mortgage banking income will likely trend downwards after last year's hike. High home prices and stable interest rates will likely drive the normalization.
  • The year-end target price suggests a decent upside from the current market price. MYFW does not currently pay a dividend.

Bottom Up View To The Skycrapers Of The Financial District In Denver Colorado On A Sunny Summer Day With A Clear Blue Sky And A Few Clouds
Photo by folgt/iStock via Getty Images

Earnings of First Western Financial, Inc. (NASDAQ:MYFW) will likely dip in 2021 because of the normalization of mortgage banking income. On the other hand, the management's expansion efforts will likely boost fee income and the

This article was written by

Sheen Bay Research profile picture
3.17K Followers
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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