FinWise Bancorp (NASDAQ:FINW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of FinWise Bancorp (NASDAQ:FINW) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.75.

FINW has been the subject of several recent analyst reports. Hovde Group lifted their price target on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of FinWise Bancorp in a research note on Monday.

Insider Activity at FinWise Bancorp

In other news, Director Howard I. Reynolds purchased 2,297 shares of FinWise Bancorp stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $18.95 per share, with a total value of $43,528.15. Following the completion of the transaction, the director directly owned 38,105 shares of the company’s stock, valued at approximately $722,089.75. The trade was a 6.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Keil sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $19.48, for a total value of $29,220.00. Following the completion of the transaction, the insider directly owned 56,428 shares in the company, valued at $1,099,217.44. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in FinWise Bancorp by 109.3% during the 2nd quarter. Geode Capital Management LLC now owns 204,323 shares of the company’s stock valued at $3,068,000 after acquiring an additional 106,683 shares during the period. US Bancorp DE grew its stake in shares of FinWise Bancorp by 22.2% in the second quarter. US Bancorp DE now owns 429,048 shares of the company’s stock worth $6,440,000 after acquiring an additional 78,000 shares during the period. Wasatch Advisors LP raised its holdings in shares of FinWise Bancorp by 7.2% during the third quarter. Wasatch Advisors LP now owns 754,543 shares of the company’s stock valued at $14,631,000 after purchasing an additional 50,434 shares during the last quarter. Militia Capital Partners LP lifted its position in FinWise Bancorp by 16,566.7% during the first quarter. Militia Capital Partners LP now owns 50,000 shares of the company’s stock valued at $876,000 after purchasing an additional 49,700 shares during the period. Finally, Andina Capital Management LLC bought a new position in FinWise Bancorp during the first quarter valued at approximately $805,000. 35.41% of the stock is owned by institutional investors.

FinWise Bancorp Stock Up 2.8%

FinWise Bancorp stock opened at $18.05 on Wednesday. FinWise Bancorp has a twelve month low of $13.48 and a twelve month high of $22.49. The company has a market capitalization of $245.30 million, a P/E ratio of 17.03 and a beta of 0.82. The stock’s 50 day moving average is $18.24 and its 200 day moving average is $17.67.

FinWise Bancorp (NASDAQ:FINW) last released its earnings results on Monday, November 10th. The company reported $0.34 EPS for the quarter. FinWise Bancorp had a return on equity of 8.31% and a net margin of 12.13%.The business had revenue of $36.66 million for the quarter. As a group, equities analysts expect that FinWise Bancorp will post 1.03 EPS for the current year.

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.