19,430 Shares in FinWise Bancorp (NASDAQ:FINW) Acquired by 683 Capital Management LLC

683 Capital Management LLC purchased a new stake in shares of FinWise Bancorp (NASDAQ:FINW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,430 shares of the company's stock, valued at approximately $310,000. 683 Capital Management LLC owned 0.15% of FinWise Bancorp as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FINW. Jane Street Group LLC purchased a new position in FinWise Bancorp during the fourth quarter worth about $197,000. Schonfeld Strategic Advisors LLC purchased a new stake in FinWise Bancorp during the 4th quarter worth about $264,000. Northern Trust Corp lifted its stake in FinWise Bancorp by 24.2% in the fourth quarter. Northern Trust Corp now owns 16,296 shares of the company's stock worth $260,000 after acquiring an additional 3,179 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of FinWise Bancorp by 155.2% during the 4th quarter. Susquehanna International Group LLP now owns 123,044 shares of the company's stock worth $1,966,000 after purchasing an additional 74,821 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in FinWise Bancorp by 58.1% during the 4th quarter. Wasatch Advisors LP now owns 629,399 shares of the company's stock worth $10,058,000 after buying an additional 231,405 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

FinWise Bancorp Stock Up 5.3 %

Shares of NASDAQ FINW traded up $0.74 during mid-day trading on Thursday, hitting $14.60. 7,131 shares of the company were exchanged, compared to its average volume of 19,092. The firm has a market cap of $192.87 million, a price-to-earnings ratio of 15.53 and a beta of 0.86. The stock has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $17.09. FinWise Bancorp has a 1-year low of $10.02 and a 1-year high of $20.94.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $18.54 million for the quarter, compared to analyst estimates of $22.38 million. FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%. Analysts anticipate that FinWise Bancorp will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FINW. Piper Sandler boosted their price target on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Stephens lifted their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Hovde Group decreased their price target on shares of FinWise Bancorp from $19.00 to $18.50 and set an "outperform" rating for the company in a research note on Thursday, May 1st.

About FinWise Bancorp

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.