Barclays PLC Acquires Shares of 3,035 FinWise Bancorp (NASDAQ:FINW)

Barclays PLC acquired a new position in FinWise Bancorp (NASDAQ:FINW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,035 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP acquired a new stake in shares of FinWise Bancorp in the third quarter valued at about $6,209,000. Dimensional Fund Advisors LP grew its position in FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock valued at $958,000 after acquiring an additional 19,235 shares during the period. Finally, Empowered Funds LLC grew its stake in FinWise Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

FinWise Bancorp Price Performance

Shares of NASDAQ:FINW opened at $16.61 on Friday. The stock has a market cap of $219.42 million, a price-to-earnings ratio of 15.67 and a beta of 0.72. The company has a 50 day moving average of $17.37 and a 200-day moving average of $14.69. FinWise Bancorp has a one year low of $8.72 and a one year high of $20.50.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FINW. Raymond James began coverage on shares of FinWise Bancorp in a research report on Wednesday, December 18th. They set an “outperform” rating and a $21.00 target price on the stock. Stephens boosted their target price on FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th.

FinWise Bancorp Profile

FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits.