First Western Financial, Inc. (NASDAQ:MYFW) is expected to report third quarter earnings results, after market close, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.46 per share from revenue of $ 23.14 million.
Looking ahead, the full year income are expected at $ 2.23 per share on the revenues of $ 88.64 million.
Previous Quarter Performance
First Western Financial, Inc. posted income for the second quarter of $ 1.13 per share, from the revenue of $ 26.22 million. The quarterly earnings gained 527.78 percent compared with the same quarter last year. Street analysts expected First Western Financial, Inc. to report income of $ 0.23 per share on revenue of $ 19.20 million for the second quarter. The bottom line results beat street analysts by $ 0.9 or 391.30 percent, at the same time, top line results outshined analysts by $ 7.02 million or 36.56 percent.
Stock Performance
Shares of First Western Financial, Inc. traded up $ 0.24 or 1.71 percent on Wednesday, reaching $ 14.24 with volume of 17.30 thousand shares. First Western Financial, Inc. has traded high as $ 14.50 and has cracked $ 13.89 on the downward trend
The closing price of $ 14.24, representing a 30.23 % increase from the 52 week low of $ 10.75 and a 26.24 % decrease over the 52 week high of $ 18.98.
The company has a market capital of $ 113.23 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
First Western Financial, Inc. will be hosting a conference call at 12:00 PM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.myfw.com
First Western Financial, Inc., a financial holding company, through its subsidiaries, provides private banking, personal trust, investment management, mortgage loans, and institutional asset management services. It operates through three segments: Wealth Management, Capital Management, and Mortgage. The Wealth Management segment provides deposit, loan, insurance, and trust and investment management advisory products and services.
