Siena Capital Partners GP LLC Has $2.40 Million Stock Holdings in FinWise Bancorp $FINW

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 holdings in shares of FinWise Bancorp (NASDAQ:FINW - Free Report) by 20.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,123 shares of the company's stock after acquiring an additional 23,405 shares during the quarter. Siena Capital Partners GP LLC owned 1.04% of FinWise Bancorp worth $2,401,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in FinWise Bancorp by 4,847.1% during the 4th quarter. Bank of America Corp DE now owns 3,463 shares of the company's stock worth $55,000 after acquiring an additional 3,393 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of FinWise Bancorp in the 1st quarter worth approximately $104,000. Citadel Advisors LLC acquired a new position in shares of FinWise Bancorp in the 4th quarter worth approximately $175,000. PFG Investments LLC acquired a new position in shares of FinWise Bancorp in the 1st quarter worth approximately $179,000. Finally, Barclays PLC lifted its position in shares of FinWise Bancorp by 269.2% in the 4th quarter. Barclays PLC now owns 11,204 shares of the company's stock worth $179,000 after purchasing an additional 8,169 shares during the period. 35.41% of the stock is owned by institutional investors.

FinWise Bancorp Price Performance

Shares of FinWise Bancorp stock traded down $0.26 during trading on Friday, reaching $19.39. 522 shares of the company traded hands, compared to its average volume of 27,216. FinWise Bancorp has a 1-year low of $13.48 and a 1-year high of $20.94. The company has a 50 day moving average price of $17.81 and a 200-day moving average price of $16.35. The firm has a market capitalization of $262.09 million, a PE ratio of 19.98 and a beta of 0.83.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last released its 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. FinWise Bancorp had a net margin of 12.72% and a return on equity of 7.70%. The company had revenue of $25.07 million for the quarter, compared to the consensus estimate of $22.36 million. Equities research analysts expect that FinWise Bancorp will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of FinWise Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, FinWise Bancorp has an average 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.