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Stock impact report

First Western Financial (MYFW) Gains on New Share Buyback Plan [Yahoo! Finance]

First Western Financial, Inc. (MYFW) 
Last first western financial, inc. earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Following no objection from the Federal Reserve, the company's board of directors approved a stock buyback plan. Under the plan, First Western Financial is authorized to repurchase up to 2 million shares, representing almost 2% of its outstanding shares. The program will be in effect for one year. Scott C. Wylie, the CEO of MYFW, said, “We believe that repurchasing our shares is an attractive long-term investment for the Company, is in the best interest of our shareholders, and represents an opportunity to deploy capital that will be accretive to both earnings and tangible book value per share.” First Western Financial doesn't pay dividends. Over the years, First Western Financial has expanded organically and through strategic acquisitions. In 2021, the company acquired Teton Financial Services, Inc. The transaction expanded the company's presence in Wyoming. Going forward, First Western Financial intends to grow its banking business both organically and through the buyouts of Show less Read more
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