FinWise Bancorp (NASDAQ:FINW) Price Target Raised to $22.00

FinWise Bancorp (NASDAQ:FINW) had its price target upped by Stephens from $20.00 to $22.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently weighed in on FINW. Piper Sandler boosted their price target on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James assumed coverage on shares of FinWise Bancorp in a report on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 price target on the stock.

FinWise Bancorp Stock Up 11.5 %

NASDAQ:FINW opened at $18.53 on Friday. FinWise Bancorp has a 52 week low of $8.72 and a 52 week high of $20.50. The company has a market capitalization of $244.78 million, a P/E ratio of 17.48 and a beta of 0.77. The stock’s fifty day moving average is $17.05 and its two-hundred day moving average is $15.43.

FinWise Bancorp (NASDAQ:FINW) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). FinWise Bancorp had a net margin of 14.78% and a return on equity of 8.63%. Sell-side analysts anticipate that FinWise Bancorp will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of FinWise Bancorp

Institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new position in FinWise Bancorp in the 3rd quarter worth approximately $47,000. Empowered Funds LLC boosted its stake in FinWise Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock valued at $335,000 after acquiring an additional 1,072 shares during the period. Geode Capital Management LLC lifted its stake in FinWise Bancorp by 21.7% in the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after buying an additional 16,309 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FinWise Bancorp by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock valued at $958,000 after buying an additional 19,235 shares during the last quarter. Finally, Wasatch Advisors LP acquired a new stake in FinWise Bancorp in the third quarter worth about $6,209,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

FinWise Bancorp Company 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.