FinWise Bancorp $FINW Shares Acquired by Siena Capital Partners GP LLC

Key Points

• Siena Capital Partners GP LLC increased its stake in FinWise Bancorp by 20.6% during the first quarter, owning about 1.04% of the company, valued at $2.4 million.
• FinWise Bancorp's stock performance shows a 1-year low of $12.91 and a 1-year high of $20.94, with shares currently priced at $19.35.
• Analysts have upgraded FinWise Bancorp from a "sell" to a "hold" rating, with an average price target of $20.88 reflecting a positive outlook on the stock.

Siena Capital Partners GP LLC boosted its position in FinWise Bancorp (NASDAQ:FINW - Free Report) by 20.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,123 shares of the company's stock after purchasing an additional 23,405 shares during the period. Siena Capital Partners GP LLC owned about 1.04% of FinWise Bancorp worth $2,401,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Andina Capital Management LLC purchased a new position in FinWise Bancorp in the 1st quarter valued at approximately $805,000. Millennium Management LLC acquired a new position in shares of FinWise Bancorp in the fourth quarter worth $679,000. Tempus Wealth Planning LLC acquired a new position in shares of FinWise Bancorp in the first quarter worth $491,000. Susquehanna International Group LLP raised its holdings in shares of FinWise Bancorp by 155.2% in the fourth quarter. Susquehanna International Group LLP now owns 123,044 shares of the company's stock worth $1,966,000 after acquiring an additional 74,821 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of 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. 35.41% of the stock is owned by hedge funds and other institutional investors.

FinWise Bancorp Stock Performance

FinWise Bancorp stock traded down $0.30 during midday trading on Tuesday, reaching $19.38. The stock had a trading volume of 11,547 shares, compared to its average volume of 13,332. The stock's 50-day simple moving average is $17.66 and its 200 day simple moving average is $16.32. The stock has a market capitalization of $262.02 million, a PE ratio of 19.98 and a beta of 0.83. FinWise Bancorp has a twelve month low of $13.48 and a twelve month high of $20.94.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised FinWise Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.