3,035 Shares in FinWise Bancorp (NASDAQ:FINW) Bought by Barclays PLC

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of FinWise Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after purchasing an additional 1,072 shares during the period. Geode Capital Management LLC increased its position in FinWise Bancorp by 21.7% during the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after acquiring an additional 16,309 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 19,235 shares during the last quarter. Finally, Wasatch Advisors LP bought a new stake in FinWise Bancorp in the 3rd quarter valued at $6,209,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

FinWise Bancorp Stock Down 1.6 %

NASDAQ FINW opened at $16.37 on Friday. The stock has a market cap of $216.25 million, a P/E ratio of 15.44 and a beta of 0.77. FinWise Bancorp has a twelve month low of $8.72 and a twelve month high of $20.50. The company’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $15.16.

Wall Street Analysts Forecast Growth

FINW has been the subject of a number of research analyst reports. Stephens upped 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. Raymond James began coverage on FinWise Bancorp in a report on Wednesday, December 18th. They set an “outperform” rating and a $21.00 price objective on the stock.

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.