FinWise Bancorp (NASDAQ:FINW) Stock Price Up 0.4% – Still a Buy?

FinWise Bancorp (NASDAQ:FINW)’s stock price shot up 0.4% on Friday . The stock traded as high as $17.44 and last traded at $17.44. 22,864 shares were traded during trading, an increase of 23% from the average session volume of 18,643 shares. The stock had previously closed at $17.37.

Analyst Upgrades and Downgrades

FINW has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Raymond James assumed coverage on FinWise Bancorp in a report on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, Stephens increased their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 31st.

FinWise Bancorp Stock Performance

The stock has a 50 day moving average of $18.19 and a two-hundred day moving average of $16.99. The stock has a market cap of $230.40 million, a PE ratio of 18.55 and a beta of 0.78.

FinWise Bancorp (NASDAQ:FINW) last released its earnings results on Monday, February 3rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%. Analysts expect that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

Institutional Trading of FinWise Bancorp

Several large investors have recently added to or reduced their stakes in FINW. Barclays PLC acquired a new stake in shares of FinWise Bancorp in the third quarter worth $47,000. Bank of America Corp DE raised its position in FinWise Bancorp by 4,847.1% during the fourth quarter. Bank of America Corp DE now owns 3,463 shares of the company’s stock valued at $55,000 after buying an additional 3,393 shares during the period. Citadel Advisors LLC purchased a new stake in FinWise Bancorp in the 4th quarter worth about $175,000. Jane Street Group LLC acquired a new stake in FinWise Bancorp during the 4th quarter worth about $197,000. Finally, Northern Trust Corp grew its stake in FinWise Bancorp by 24.2% during the 4th quarter. Northern Trust Corp now owns 16,296 shares of the company’s stock valued at $260,000 after acquiring an additional 3,179 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.