FinWise Bancorp (NASDAQ:FINW) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of FinWise Bancorp (NASDAQ:FINW) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of FinWise Bancorp in a research report on Friday, October 30th. Stephens cut shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Thursday, August 6th. Zacks Research raised shares of FinWise Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 target price on shares of FinWise Bancorp in a report on Thursday, October 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.50.

FinWise Bancorp Trading Up 0.1%

FINW stock opened at $13.68 on Friday. The firm has a market capitalization of $189.88 million, a PE ratio of 10.13 and a beta of 0.70. FinWise Bancorp has a 1-year low of $9.58 and a 1-year high of $19.86. The business’s 50 day simple moving average is $12.07 and its 200 day simple moving average is $14.47.

FinWise Bancorp (NASDAQ:FINW) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.57. FinWise Bancorp had a return on equity of 9.78% and a net margin of 7.03%. The business had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $41.62 million. As a group, sell-side analysts predict that FinWise Bancorp will post 1.14 EPS for the current fiscal year.

Institutional Trading of FinWise Bancorp

Several institutional investors have recently added to or reduced their stakes in FINW. Russell Investments Group Ltd. lifted its holdings in shares of FinWise Bancorp by 70.8% during the third quarter. Russell Investments Group Ltd. now owns 6,329 shares of the company’s stock worth $71,000 after buying an additional 2,623 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of FinWise Bancorp in the second quarter valued at about $174,000. Squarepoint Ops LLC bought a new stake in shares of FinWise Bancorp in the second quarter valued at about $174,000. Arcus Capital Partners LLC boosted its position in shares of FinWise Bancorp by 92.3% in the second quarter. Arcus Capital Partners LLC now owns 25,140 shares of the company’s stock valued at $365,000 after acquiring an additional 12,066 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of FinWise Bancorp in the second quarter valued at about $341,000. 35.41% of the stock is currently owned by institutional investors.

FinWise Bancorp Company Profile

FinWise Bancorp is the bank holding company for FinWise Bank, a Utah-chartered financial institution headquartered in Murray, Utah. Through its subsidiary, the company provides banking and lending services to consumers, small businesses and commercial customers.

FinWise Bank operates a strategic lending platform that partners with fintech companies, loan originators and other third parties to support the origination and servicing of consumer and small-business loans. Its offerings also include commercial lending, small business lending, Small Business Administration loans, commercial real estate financing and other credit products.

The bank additionally serves customers through its Utah community banking business, which provides deposit accounts and traditional banking services.