FinWise Bancorp (NASDAQ:FINW) Sees Large Increase in Short Interest

FinWise Bancorp (NASDAQ:FINW - Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 34,300 shares, a growth of 109.1% from the September 15th total of 16,400 shares. Based on an average daily trading volume, of 17,900 shares, the short-interest ratio is presently 1.9 days. Currently, 0.4% of the shares of the stock are short sold.

FinWise Bancorp Stock Up 1.7 %

FINW stock traded up $0.26 during trading on Friday, reaching $16.01. The company's stock had a trading volume of 10,293 shares, compared to its average volume of 19,129. The company's fifty day moving average is $13.74 and its 200-day moving average is $11.64. The company has a market capitalization of $204.83 million, a P/E ratio of 12.41 and a beta of 0.71. FinWise Bancorp has a 1 year low of $8.31 and a 1 year high of $16.62.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. FinWise Bancorp had a return on equity of 9.75% and a net margin of 16.64%. The firm had revenue of $23.26 million during the quarter, compared to analysts' expectations of $19.49 million. During the same quarter last year, the business posted $0.35 earnings per share. Analysts anticipate that FinWise Bancorp will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On FinWise Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of FinWise Bancorp by 25.8% during the 2nd 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 last quarter. Foundations Investment Advisors LLC bought a new position in FinWise Bancorp during the second quarter valued at approximately $221,000. Quadrature Capital Ltd purchased a new position in FinWise Bancorp during the 1st quarter valued at approximately $164,000. Vanguard Group Inc. increased its stake in FinWise Bancorp by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 376,802 shares of the company's stock worth $3,787,000 after acquiring an additional 24,457 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of FinWise Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,936 shares of the company's stock worth $190,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

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.

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