FinWise Bancorp (NASDAQ:FINW) Shares Up 0.4% - Still a Buy?

FinWise Bancorp (NASDAQ:FINW - Get Free Report)'s stock price traded up 0.4% on Friday . The stock traded as high as $17.44 and last traded at $17.44. 22,864 shares traded hands during trading, an increase of 23% from the average session volume of 18,643 shares. The stock had previously closed at $17.37.

Analysts Set New Price Targets

Several equities analysts have issued reports on FINW shares. Stephens upped their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Raymond James initiated coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They set an "outperform" rating and a $21.00 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 Trading Down 1.1 %

The firm's fifty day moving average is $18.23 and its 200 day moving average is $17.08. The company has a market cap of $229.21 million, a PE ratio of 18.46 and a beta of 0.78.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.20 earnings per share (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%. As a group, sell-side analysts anticipate that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

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Hedge Funds Weigh In On FinWise Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of FinWise Bancorp by 4.7% in the fourth quarter. Empowered Funds LLC now owns 22,461 shares of the company's stock valued at $359,000 after purchasing an additional 1,013 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of FinWise Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 87,661 shares of the company's stock worth $1,401,000 after acquiring an additional 1,013 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FinWise Bancorp by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 93,428 shares of the company's stock worth $1,494,000 after acquiring an additional 1,820 shares during the period. Barclays PLC acquired a new position in shares of FinWise Bancorp during the 3rd quarter valued at about $47,000. Finally, Northern Trust Corp grew its holdings in shares of FinWise Bancorp by 24.2% in the fourth quarter. Northern Trust Corp now owns 16,296 shares of the company's stock valued at $260,000 after purchasing an additional 3,179 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

About FinWise Bancorp

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.