FinWise Bancorp (NASDAQ:FINW) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

FinWise Bancorp (NASDAQ:FINW)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $14.43 and traded as high as $14.82. FinWise Bancorp shares last traded at $14.71, with a volume of 45,740 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FINW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FinWise Bancorp in a research report on Friday, October 30th. Zacks Research raised FinWise Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. Wall Street Zen upgraded FinWise Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Stephens cut FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research note on Thursday, August 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of FinWise Bancorp in a report on Thursday, October 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

FinWise Bancorp Stock Performance

The firm has a market capitalization of $201.16 million, a PE ratio of 10.73 and a beta of 0.70. The business’s 50 day moving average is $12.10 and its two-hundred day moving average is $14.41.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in FinWise Bancorp during the 2nd quarter valued at about $7,549,000. Militia Capital Management LLC bought a new stake in shares of FinWise Bancorp during the first quarter valued at about $498,000. EP Wealth Advisors LLC bought a new stake in shares of FinWise Bancorp during the second quarter valued at about $345,000. Empowered Funds LLC purchased a new stake in shares of FinWise Bancorp in the second quarter worth about $341,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of FinWise Bancorp in the second quarter worth about $306,000. Institutional investors own 35.41% of the company’s stock.

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.