FinWise Bancorp (NASDAQ:FINW) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a mixed view of FinWise Bancorp, resulting in a consensus “Hold” rating: two analysts recommend buying, two recommend holding, and one recommends selling. The average 12-month price target is $18.00.
• FinWise reported quarterly EPS of $0.15, below the $0.24 consensus estimate, although revenue of $54.34 million exceeded expectations of $47.11 million.
• Shares opened at $14.11, near their 50-day moving average, while the company has authorized a buyback of up to 5% of its outstanding stock; institutional investors own 35.41% of the shares.

Shares of FinWise Bancorp (NASDAQ:FINW - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.00.

A number of analysts have weighed in on FINW shares. Wall Street Zen cut FinWise Bancorp from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Raymond James Financial reissued an "outperform" rating and issued a $16.00 target price on shares of FinWise Bancorp in a report on Friday, July 31st. Zacks Research cut FinWise Bancorp from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Stephens downgraded FinWise Bancorp from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company. in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of FinWise Bancorp in a research report on Monday, August 3rd.

FinWise Bancorp Stock Performance

Shares of NASDAQ:FINW opened at $14.11 on Monday. The firm has a 50 day simple moving average of $14.07 and a 200-day simple moving average of $14.99. FinWise Bancorp has a twelve month low of $12.82 and a twelve month high of $22.49. The company has a market capitalization of $195.89 million, a PE ratio of 14.70 and a beta of 0.70.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.09). FinWise Bancorp had a net margin of 6.76% and a return on equity of 7.04%. The firm had revenue of $54.34 million during the quarter, compared to analysts' expectations of $47.11 million. As a group, equities research analysts predict that FinWise Bancorp will post 0.77 EPS for the current fiscal year.

FinWise Bancorp declared that its Board of Directors has approved a share buyback program on Thursday, May 21st that permits the company to buyback 685,000,000,000 shares. This buyback authorization permits the company to buy up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC boosted its position in FinWise Bancorp by 0.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 88,889 shares of the company's stock worth $1,595,000 after purchasing an additional 700 shares in the last quarter. Deutsche Bank AG increased its position in shares of FinWise Bancorp by 12.7% in the fourth quarter. Deutsche Bank AG now owns 9,611 shares of the company's stock valued at $172,000 after buying an additional 1,086 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of FinWise Bancorp by 76.9% in the third quarter. BNP Paribas Financial Markets now owns 2,890 shares of the company's stock valued at $56,000 after buying an additional 1,256 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of FinWise Bancorp by 277.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,900 shares of the company's stock worth $28,000 after buying an additional 1,396 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of FinWise Bancorp by 7.1% in the 1st quarter. Empowered Funds LLC now owns 24,052 shares of the company's stock worth $421,000 after buying an additional 1,591 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

About FinWise Bancorp

FinWise Bancorp is the bank holding company for FinWise Bank, a digital‐first community bank headquartered in Lindon, Utah. The company specializes in providing commercial lending and deposit products to marketplace lending platforms, fintech companies and small to mid‐sized businesses across the United States. FinWise Bancorp operates through its wholly owned subsidiary, FinWise Bank, which is FDIC‐insured and leverages a technology‐driven model to deliver banking services efficiently.

The company's primary business activities include participant financing arrangements for marketplace lenders and other fintech platforms, as well as direct commercial loans.

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