FinWise Bancorp (NASDAQ:FINW) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in FinWise Bancorp (NASDAQ:FINW - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 984,785 shares of the company's stock after selling 61,668 shares during the quarter. Alliancebernstein L.P. owned 7.45% of FinWise Bancorp worth $15,737,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FINW. Barclays PLC bought a new stake in FinWise Bancorp during the 3rd quarter valued at about $47,000. Empowered Funds LLC raised its stake in FinWise Bancorp by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,461 shares of the company's stock valued at $359,000 after buying an additional 1,013 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in FinWise Bancorp by 21.7% in the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company's stock valued at $1,429,000 after acquiring an additional 16,309 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

FinWise Bancorp Trading Up 1.7 %

Shares of NASDAQ:FINW traded up $0.24 on Monday, reaching $14.03. The company had a trading volume of 6,428 shares, compared to its average volume of 19,168. The firm has a market capitalization of $185.41 million, a PE ratio of 14.92 and a beta of 0.84. The firm's 50 day simple moving average is $17.89 and its 200-day simple moving average is $17.22. FinWise Bancorp has a 52-week low of $9.56 and a 52-week high of $20.94.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). FinWise Bancorp had a net margin of 13.23% and a return on equity of 7.67%. As a group, equities research analysts predict that FinWise Bancorp will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FINW has been the topic of a number of analyst reports. Raymond James assumed coverage on FinWise Bancorp in a research report on Wednesday, December 18th. They set an "outperform" rating and a $21.00 price objective on the stock. Stephens increased their price objective on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Hovde Group assumed coverage on FinWise Bancorp in a research report on Monday. They issued an "outperform" rating and a $19.00 price target for the company. Finally, Piper Sandler raised their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, January 31st.

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.