Andina Capital Management LLC Makes New Investment in FinWise Bancorp $FINW

Key Points

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Andina Capital Management LLC bought a new position in FinWise Bancorp (NASDAQ:FINW - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 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.

A number of other hedge funds and other institutional investors have also modified their holdings of FINW. 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. Geode Capital Management LLC lifted its stake in shares of FinWise Bancorp by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 93,428 shares of the company's stock valued at $1,494,000 after purchasing an additional 1,820 shares during the last quarter. Northern Trust Corp lifted its stake in shares of FinWise Bancorp by 24.2% in the 4th quarter. Northern Trust Corp now owns 16,296 shares of the company's stock valued at $260,000 after purchasing an additional 3,179 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of FinWise Bancorp by 4,847.1% in the 4th quarter. Bank of America Corp DE now owns 3,463 shares of the company's stock valued at $55,000 after purchasing an additional 3,393 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of FinWise Bancorp by 269.2% in the 4th quarter. Barclays PLC now owns 11,204 shares of the company's stock valued at $179,000 after purchasing an additional 8,169 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

FinWise Bancorp Trading Down 0.3%

Shares of NASDAQ FINW opened at $18.45 on Tuesday. The stock has a market cap of $249.44 million, a P/E ratio of 19.02 and a beta of 0.82. FinWise Bancorp has a 12-month low of $12.22 and a 12-month high of $20.94. The business's fifty day simple moving average is $16.10 and its 200-day simple moving average is $16.37.

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%. On average, equities analysts forecast that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FINW shares. Hovde Group lowered their target price on FinWise Bancorp from $19.00 to $18.50 and set an "outperform" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded FinWise Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, FinWise Bancorp has an average rating of "Moderate Buy" and a consensus target price of $20.88.

FinWise Bancorp Company 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.

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