Empowered Funds LLC Increases Stock Position in FinWise Bancorp (NASDAQ:FINW)

Empowered Funds LLC raised its holdings in shares of FinWise Bancorp (NASDAQ:FINW) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,448 shares of the company’s stock after purchasing an additional 1,072 shares during the period. Empowered Funds LLC owned approximately 0.16% of FinWise Bancorp worth $335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FINW. Quadrature Capital Ltd bought a new position in shares of FinWise Bancorp during the first quarter valued at $164,000. Foundations Investment Advisors LLC bought a new position in FinWise Bancorp during the 2nd quarter valued at about $221,000. Dimensional Fund Advisors LP boosted its holdings in shares of FinWise Bancorp by 25.8% during the 2nd 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 last quarter. Finally, Vanguard Group Inc. grew its stake in shares of FinWise Bancorp by 6.9% in the first quarter. Vanguard Group Inc. now owns 376,802 shares of the company’s stock worth $3,787,000 after acquiring an additional 24,457 shares during the period. Institutional investors own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their price objective on shares of FinWise Bancorp from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

FinWise Bancorp Price Performance

Shares of FINW opened at $18.05 on Tuesday. The firm has a market capitalization of $238.44 million, a P/E ratio of 17.03 and a beta of 0.69. FinWise Bancorp has a one year low of $8.72 and a one year high of $18.50. The business has a fifty day moving average of $16.20 and a 200 day moving average of $13.09.

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.