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
First Western Financial: Outlook For Balance Sheet Growth Remains Positive
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.
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: This article is not financial advice. Investors are expected to consider their investment objectives and constraints before investing in the stock(s) mentioned in the article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.