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

FinWise Bancorp (NASDAQ:FINW - Get Free Report) had its target price raised by research analysts at Stephens from $20.00 to $22.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' price objective suggests a potential upside of 11.73% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Piper Sandler boosted their target price on FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James began coverage on shares of FinWise Bancorp in a research note on Wednesday, December 18th. They issued an "outperform" rating and a $21.00 target price on the stock.

FinWise Bancorp Trading Up 10.1 %

Shares of FINW stock traded up $1.80 on Friday, reaching $19.69. The company's stock had a trading volume of 63,279 shares, compared to its average volume of 20,746. The company has a market capitalization of $260.10 million, a price-to-earnings ratio of 20.95 and a beta of 0.80. The stock's fifty day simple moving average is $17.04 and its 200-day simple moving average is $15.47. FinWise Bancorp has a 1 year low of $8.72 and a 1 year high of $20.50.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its quarterly earnings data 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 return on equity of 7.67% and a net margin of 13.23%. Equities research analysts forecast that FinWise Bancorp will post 0.9 earnings per share for the current year.

Institutional Trading of FinWise Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in FinWise Bancorp by 25.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company's stock worth $958,000 after buying an additional 19,235 shares during the period. Empowered Funds LLC grew 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 worth $335,000 after acquiring an additional 1,072 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of FinWise Bancorp during the third quarter worth approximately $6,209,000. Barclays PLC bought a new stake in shares of FinWise Bancorp during the third quarter valued at approximately $47,000. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 16,309 shares during the period. 35.41% of the stock is currently owned by institutional investors.

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.