FinWise Bancorp (NASDAQ:FINW) Short Interest Update

FinWise Bancorp (NASDAQ:FINW - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 57,400 shares, an increase of 67.3% from the September 30th total of 34,300 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On FinWise Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of FinWise Bancorp during the 1st quarter worth approximately $164,000. Empowered Funds LLC lifted its position 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 valued at $190,000 after acquiring an additional 1,400 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of FinWise Bancorp during the 2nd quarter worth $221,000. Norden Group LLC increased its position in shares of FinWise Bancorp by 100.0% in the first quarter. Norden Group LLC now owns 28,400 shares of the company's stock worth $285,000 after purchasing an additional 14,200 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company's stock worth $958,000 after purchasing an additional 19,235 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

FinWise Bancorp Trading Up 0.1 %

Shares of FinWise Bancorp stock traded up $0.01 during trading on Friday, hitting $16.06. 19,842 shares of the stock were exchanged, compared to its average volume of 18,842. The company has a fifty day moving average price of $14.55 and a 200-day moving average price of $12.09. The stock has a market capitalization of $212.15 million, a price-to-earnings ratio of 13.61 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 announced its quarterly earnings results on Thursday, July 25th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The business had revenue of $23.26 million during the quarter, compared to the consensus estimate of $19.49 million. FinWise Bancorp had a return on equity of 9.75% and a net margin of 16.64%. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts forecast that FinWise Bancorp will post 0.91 EPS for the current fiscal year.

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.