Stephens Increases FinWise Bancorp (NASDAQ:FINW) Price Target to $18.00

FinWise Bancorp (NASDAQ:FINW - Get Free Report) had its target price boosted by investment analysts at Stephens from $17.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' price objective would indicate a potential upside of 7.46% from the stock's previous close.

FinWise Bancorp Stock Up 3.4 %

FinWise Bancorp stock traded up $0.55 during midday trading on Tuesday, hitting $16.75. 24,214 shares of the stock were exchanged, compared to its average volume of 18,978. The company has a fifty day simple moving average of $14.71 and a two-hundred day simple moving average of $12.21. FinWise Bancorp has a 52 week low of $8.32 and a 52 week high of $16.75. The stock has a market capitalization of $214.30 million, a PE ratio of 12.98 and a beta of 0.71.

Institutional Trading of FinWise Bancorp

Several hedge funds have recently bought and sold shares of FINW. Vanguard Group Inc. raised its holdings in FinWise Bancorp by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 376,802 shares of the company's stock worth $3,787,000 after buying an additional 24,457 shares during the period. Foundations Investment Advisors LLC acquired a new stake in FinWise Bancorp during the 2nd quarter worth approximately $221,000. Dimensional Fund Advisors LP raised its holdings in FinWise Bancorp by 25.8% during 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. Quadrature Capital Ltd acquired a new stake in FinWise Bancorp during the 1st quarter worth approximately $164,000. Finally, Norden Group LLC raised its holdings in FinWise Bancorp by 100.0% during the 1st quarter. Norden Group LLC now owns 28,400 shares of the company's stock worth $285,000 after buying an additional 14,200 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.