First Western Financial

MYFW · NASDAQ

$29.96+$0.91 (+3.13%)TodayMarket closed · Oct 20, 4:00 PM ET

Prev close $29.05

MYFW analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $33.66 (+12.3% upside)

Low: $31.31
Now: $29.96
High: $36.75

Upgrades and downgrades

The latest rating actions, newest first

MYFW analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Jul 27, 2026	Maintains	Neutral	$30.00 → $31.00	68%
Keefe, Bruyette & Woods	Jun 25, 2026	Maintains	Outperform	$29.00 → $33.00	83%
Piper Sandler	Apr 27, 2026	Maintains	Neutral	$25.00 → $27.00	68%
Piper Sandler	Apr 2, 2026	Maintains	Neutral	$26.00 → $25.00	68%

The case for and against

Updated Oct 19, 2025

Bull case

First Western Financial Inc has demonstrated a strong performance in its wealth management segment, reflected in a 3.3% quarter-over-quarter increase in core fees, totaling $7.1 million, bolstered by a robust mortgage gain on sales of $1.1 million. The company's net interest margin (NIM) experienced significant expansion, with an increase of 16 basis points to 2.61%, driven by an improvement in loan yields alongside a reduction in deposit costs. Additionally, the net interest income (NII) rose by 3% quarter-over-quarter, further contributing to a positive financial outlook for the company.

Bear case

First Western Financial is facing challenges in revenue generation, as evidenced by the lower-than-expected loan production, which dropped 24% quarter-over-quarter to $71 million, directly impacting the company's overall profitability. Additionally, although there was a decline in non-performing assets (NPAs) and loans (NPLs), the overall stability of these metrics does not compensate for the stagnant loan growth, suggesting potential weaknesses in the credit demand landscape. Furthermore, the company's expectation of benefiting from operating leverage may not materialize, as lower revenue growth could further suppress projected earnings, leading to a cautious outlook on the stock's financial health.

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