FinWise Bancorp (NASDAQ:FINW) Price Target Raised to $22.00

FinWise Bancorp (NASDAQ:FINW - Get Free Report) had its target price increased by research analysts at Piper Sandler from $20.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 11.73% from the company's current price.

Other equities analysts have also issued research reports about the stock. Stephens boosted their price target on shares of FinWise Bancorp from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Raymond James assumed coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They issued an "outperform" rating and a $21.00 target price for the company.

FinWise Bancorp Trading Up 10.1 %

NASDAQ FINW traded up $1.80 on Friday, hitting $19.69. 63,279 shares of the company were exchanged, compared to its average volume of 20,746. FinWise Bancorp has a 1-year low of $8.72 and a 1-year high of $20.50. The company has a market cap of $260.10 million, a P/E ratio of 20.95 and a beta of 0.80. The firm has a 50 day moving average of $17.04 and a two-hundred day moving average of $15.47.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last posted its quarterly earnings data 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%. Research analysts anticipate that FinWise Bancorp will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On FinWise Bancorp

Large investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in shares of FinWise Bancorp in the third quarter worth $47,000. Empowered Funds LLC increased its stake in FinWise Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company's stock valued at $335,000 after buying an additional 1,072 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FinWise Bancorp by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company's stock worth $1,429,000 after buying an additional 16,309 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FinWise Bancorp by 25.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company's stock valued at $958,000 after acquiring an additional 19,235 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in shares of FinWise Bancorp in the 3rd quarter valued at about $6,209,000. Institutional investors own 35.41% of the company's stock.

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.