Andina Capital Management LLC Takes $805,000 Position in FinWise Bancorp $FINW

Key Points

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Andina Capital Management LLC purchased a new stake in FinWise Bancorp (NASDAQ:FINW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 46,000 shares of the company's stock, valued at approximately $805,000. Andina Capital Management LLC owned about 0.35% of FinWise Bancorp as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Tempus Wealth Planning LLC acquired a new position in shares of FinWise Bancorp in the 1st quarter valued at $491,000. PFG Investments LLC acquired a new position in shares of FinWise Bancorp in the 1st quarter valued at $179,000. Millennium Management LLC acquired a new position in shares of FinWise Bancorp in the 4th quarter valued at $679,000. Bridgeway Capital Management LLC lifted its stake in shares of FinWise Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 87,661 shares of the company's stock valued at $1,401,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of FinWise Bancorp in the 4th quarter valued at $175,000. Institutional investors and hedge funds own 35.41% of the company's stock.

FinWise Bancorp Stock Performance

FINW stock traded up $0.83 during mid-day trading on Friday, reaching $19.30. The company had a trading volume of 36,559 shares, compared to its average volume of 17,785. The company has a market capitalization of $260.94 million, a price-to-earnings ratio of 19.90 and a beta of 0.82. The firm has a fifty day simple moving average of $16.43 and a 200 day simple moving average of $16.35. FinWise Bancorp has a fifty-two week low of $12.22 and a fifty-two week high of $20.94.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.07. The company had revenue of $25.07 million for the quarter, compared to analyst estimates of $22.36 million. FinWise Bancorp had a return on equity of 7.70% and a net margin of 12.72%. As a group, analysts predict that FinWise Bancorp will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FINW shares. Hovde Group decreased their price target on FinWise Bancorp from $19.00 to $18.50 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised FinWise Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, FinWise Bancorp presently has a consensus rating of "Buy" and an average target price of $20.88.

FinWise Bancorp Profile

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.