FinWise Bancorp (NASDAQ:FINW - Get Free Report) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 45,100 shares, a drop of 21.4% from the October 15th total of 57,400 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is presently 2.5 days.
Analyst Ratings Changes
Separately, Stephens raised their price target on FinWise Bancorp from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th.
Check Out Our Latest Research Report on FINW
Institutional Investors Weigh In On FinWise Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of FINW. Quadrature Capital Ltd bought a new position in shares of FinWise Bancorp during the first quarter valued at approximately $164,000. Empowered Funds LLC lifted its position in shares of FinWise Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,936 shares of the company's stock worth $190,000 after purchasing an additional 1,400 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of FinWise Bancorp during the 2nd quarter valued at about $221,000. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of FinWise Bancorp by 6.9% during the first quarter. Vanguard Group Inc. now owns 376,802 shares of the company's stock valued at $3,787,000 after buying an additional 24,457 shares during the period. Hedge funds and other institutional investors own 35.41% of the company's stock.
FinWise Bancorp Stock Down 0.1 %
Shares of NASDAQ:FINW traded down $0.01 during midday trading on Friday, hitting $17.68. 9,542 shares of the stock traded hands, compared to its average volume of 18,817. The stock has a market capitalization of $233.55 million, a PE ratio of 16.69 and a beta of 0.69. FinWise Bancorp has a one year low of $8.72 and a one year high of $17.98. The business's 50 day moving average is $15.75 and its two-hundred day moving average is $12.76.
About FinWise Bancorp
(
Get Free Report)
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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