Short Interest in FinWise Bancorp (NASDAQ:FINW) Rises By 7.7%

FinWise Bancorp (NASDAQ:FINW - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 39,000 shares, a growth of 7.7% from the December 31st total of 36,200 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

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

FinWise Bancorp Stock Performance

NASDAQ FINW traded up $0.96 on Friday, hitting $20.71. The stock had a trading volume of 64,545 shares, compared to its average volume of 26,029. The company has a market capitalization of $273.51 million, a price-to-earnings ratio of 22.03 and a beta of 0.80. FinWise Bancorp has a 52-week low of $8.72 and a 52-week high of $20.87. The firm has a 50-day moving average of $17.11 and a 200-day moving average of $15.59.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts anticipate that FinWise Bancorp will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FinWise Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of FinWise Bancorp by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,461 shares of the company's stock worth $359,000 after buying an additional 1,013 shares during the last quarter. Barclays PLC bought a new stake in shares of FinWise Bancorp in the 3rd quarter valued at approximately $47,000. Geode Capital Management LLC raised its position in FinWise Bancorp by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company's stock worth $1,429,000 after purchasing an additional 16,309 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FinWise Bancorp by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company's stock valued at $958,000 after purchasing an additional 19,235 shares during the period. Finally, Wasatch Advisors LP bought a new position in FinWise Bancorp in the third quarter worth approximately $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.