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First Western Financial: Outlook For Balance Sheet Growth Remains Positive

Sheen Bay Research profile picture
Sheen Bay Research


  • 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

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Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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