FinWise Bancorp (NASDAQ:FINW) Raised to “Sell” at Wall Street Zen

FinWise Bancorp (NASDAQ:FINW) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Stephens downgraded shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Thursday, August 6th. Zacks Research cut shares of FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Raymond James Financial reissued an “outperform” rating and set a $16.00 price objective on shares of FinWise Bancorp in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FinWise Bancorp in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, FinWise Bancorp currently has a consensus rating of “Hold” and a consensus target price of $18.00.

FinWise Bancorp Price Performance

NASDAQ:FINW opened at $10.68 on Friday. The company has a market capitalization of $148.27 million, a PE ratio of 11.12 and a beta of 0.73. FinWise Bancorp has a 52-week low of $10.49 and a 52-week high of $19.86. The stock has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $13.93.

FinWise Bancorp (NASDAQ:FINW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.09). The business had revenue of $54.34 million during the quarter, compared to analysts’ expectations of $47.11 million. FinWise Bancorp had a return on equity of 7.04% and a net margin of 6.76%. As a group, equities analysts anticipate that FinWise Bancorp will post 0.72 earnings per share for the current year.

Institutional Trading of FinWise Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Globeflex Capital L P acquired a new stake in shares of FinWise Bancorp during the 2nd quarter worth about $48,000. Deutsche Bank AG purchased a new stake in shares of FinWise Bancorp during the second quarter worth about $139,000. Squarepoint Ops LLC purchased a new stake in shares of FinWise Bancorp during the second quarter worth about $174,000. IFP Advisors Inc acquired a new position in shares of FinWise Bancorp in the second quarter valued at approximately $174,000. Finally, Global Retirement Partners LLC acquired a new position in shares of FinWise Bancorp in the second quarter valued at approximately $178,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Company Profile

FinWise Bancorp is the bank holding company for FinWise Bank, a federally insured Utah-chartered financial institution headquartered in Murray, Utah. The company provides banking and lending services to consumers, small businesses and commercial customers.

FinWise Bank operates a technology-focused banking platform that works with fintech companies and other business partners to originate and service consumer and small-business loans. Its activities include personal lending, commercial lending, Small Business Administration lending, loan servicing and deposit products.

Through its partner-based model, FinWise Bank provides program management, compliance support, underwriting and other banking services that enable third-party companies to offer financial products.