Wasatch Advisors LP acquired a new stake in shares of FinWise Bancorp (NASDAQ:FINW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 397,994 shares of the company's stock, valued at approximately $6,209,000. Wasatch Advisors LP owned about 3.01% of FinWise Bancorp at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in FinWise Bancorp during the 1st quarter valued at approximately $164,000. Empowered Funds LLC raised its holdings in shares of FinWise Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 21,448 shares of the company's stock valued at $335,000 after acquiring an additional 1,072 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in FinWise Bancorp in the second quarter worth $221,000. Dimensional Fund Advisors LP boosted its holdings in FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company's stock valued at $958,000 after acquiring an additional 19,235 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in FinWise Bancorp by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 376,802 shares of the company's stock valued at $3,787,000 after purchasing an additional 24,457 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
FinWise Bancorp Trading Down 1.2 %
Shares of FINW stock traded down $0.23 during midday trading on Friday, reaching $18.58. 9,367 shares of the stock were exchanged, compared to its average volume of 16,844. The firm has a market cap of $245.44 million, a PE ratio of 17.53 and a beta of 0.69. The company's 50 day moving average is $16.61 and its two-hundred day moving average is $13.35. FinWise Bancorp has a 1 year low of $8.72 and a 1 year high of $18.91.
Wall Street Analysts Forecast Growth
Separately, Stephens raised their target price on shares of FinWise Bancorp from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th.
Get Our Latest Research Report on FINW
About FinWise Bancorp
(
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.
Featured Articles
Before you consider FinWise Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinWise Bancorp wasn't on the list.
While FinWise Bancorp currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
