Siena Capital Partners GP LLC Sells 45,535 Shares of FinWise Bancorp $FINW

Siena Capital Partners GP LLC lowered its stake in shares of FinWise Bancorp (NASDAQ:FINW) by 33.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 91,588 shares of the company’s stock after selling 45,535 shares during the quarter. Siena Capital Partners GP LLC’s holdings in FinWise Bancorp were worth $1,643,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in FinWise Bancorp by 109.3% in the second quarter. Geode Capital Management LLC now owns 204,323 shares of the company’s stock valued at $3,068,000 after buying an additional 106,683 shares during the last quarter. Wasatch Advisors LP raised its stake in FinWise Bancorp by 7.2% in the third quarter. Wasatch Advisors LP now owns 754,543 shares of the company’s stock valued at $14,631,000 after buying an additional 50,434 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in FinWise Bancorp by 186.3% in the first quarter. Goldman Sachs Group Inc. now owns 40,136 shares of the company’s stock valued at $703,000 after buying an additional 26,115 shares during the last quarter. Militia Capital Partners LP raised its stake in FinWise Bancorp by 49.2% in the second quarter. Militia Capital Partners LP now owns 74,601 shares of the company’s stock valued at $1,120,000 after buying an additional 24,601 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in FinWise Bancorp by 169.2% in the first quarter. Jane Street Group LLC now owns 33,196 shares of the company’s stock valued at $581,000 after buying an additional 20,866 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FINW shares. Wall Street Zen cut FinWise Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Weiss Ratings cut FinWise Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research cut FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, FinWise Bancorp has a consensus rating of “Hold” and a consensus price target of $22.00.

FinWise Bancorp Price Performance

Shares of NASDAQ:FINW opened at $14.66 on Monday. FinWise Bancorp has a 52-week low of $12.82 and a 52-week high of $22.49. The stock has a market cap of $200.99 million, a price-to-earnings ratio of 13.33 and a beta of 0.70. The business has a 50-day moving average price of $15.06 and a 200-day moving average price of $16.60.

FinWise Bancorp (NASDAQ:FINW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.13). FinWise Bancorp had a return on equity of 8.24% and a net margin of 9.05%.The firm had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $50.48 million. As a group, equities analysts anticipate that FinWise Bancorp will post 1.18 EPS for the current fiscal year.

FinWise Bancorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 21st that permits the company to repurchase 685,000,000,000 shares. This repurchase authorization permits the company to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About FinWise Bancorp

FinWise Bancorp is the bank holding company for FinWise Bank, a digital?first community bank headquartered in Lindon, Utah. The company specializes in providing commercial lending and deposit products to marketplace lending platforms, fintech companies and small to mid?sized businesses across the United States. FinWise Bancorp operates through its wholly owned subsidiary, FinWise Bank, which is FDIC?insured and leverages a technology?driven model to deliver banking services efficiently.

The company’s primary business activities include participant financing arrangements for marketplace lenders and other fintech platforms, as well as direct commercial loans.