MYFW Stock Forecast & Price Target

First Western Financial Inc has demonstrated strong financial performance, with deposits growing by 2% and end-of-period loans increasing by 7%, highlighting robust loan and deposit growth compared to industry benchmarks. The bank's net interest income increased by 9% quarter-over-quarter, reflecting a positive trend in net interest margin, which rose by 13 basis points to 2.45%, primarily driven by a reduction in deposit costs. Looking ahead, the company expects continued expansion of its net interest margin into 2025, which, along with anticipated positive earnings per share growth, contributes to a favorable outlook for the stock.

First Western Financial Inc displays significant challenges, highlighted by a reduction in its price target reflecting a lower valuation multiple based on 2026 estimated earnings per share. The company reported a decline in core fees and weaker profitability, evident from the 4.2% drop in core fees and an increase in net interest expense, which raises concerns about future earnings growth. Additionally, potential overpayment for acquisitions looms as a risk that could adversely affect the company's valuation and earnings per share, further supporting a negative outlook on the stock.