Militia Capital Partners LP Acquires 49,700 Shares of FinWise Bancorp $FINW

Key Points

• Militia Capital Partners LP significantly increased its stake in FinWise Bancorp by acquiring 49,700 shares, raising its ownership to approximately 50,000 shares, worth $876,000.
• Institutional investment in FinWise Bancorp is growing, with notable increases from several hedge funds, resulting in a total of 35.41% of the company's stock being owned by these investors.
• FinWise Bancorp reported $0.29 earnings per share for the last quarter, exceeding estimates, and has received a Buy rating from analysts with a target price of $20.88.

Militia Capital Partners LP lifted its holdings in shares of FinWise Bancorp (NASDAQ:FINW - Free Report) by 16,566.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the company's stock after buying an additional 49,700 shares during the period. Militia Capital Partners LP owned about 0.38% of FinWise Bancorp worth $876,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FINW. Andina Capital Management LLC acquired a new position in shares of FinWise Bancorp during the 1st quarter worth $805,000. Millennium Management LLC acquired a new position in shares of FinWise Bancorp during the 4th quarter worth $679,000. Tempus Wealth Planning LLC acquired a new position in shares of FinWise Bancorp during the 1st quarter worth $491,000. Goldman Sachs Group Inc. raised its holdings in shares of FinWise Bancorp by 186.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,136 shares of the company's stock worth $703,000 after buying an additional 26,115 shares in the last quarter. Finally, Siena Capital Partners GP LLC increased its holdings in FinWise Bancorp by 20.6% in the 1st quarter. Siena Capital Partners GP LLC now owns 137,123 shares of the company's stock worth $2,401,000 after purchasing an additional 23,405 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised FinWise Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $20.88.

FinWise Bancorp Trading Down 1.9%

FINW traded down $0.37 on Friday, reaching $19.27. The stock had a trading volume of 6,274 shares, compared to its average volume of 11,248. FinWise Bancorp has a fifty-two week low of $13.48 and a fifty-two week high of $20.94. The firm has a 50-day moving average of $17.88 and a 200-day moving average of $16.30. The company has a market capitalization of $260.53 million, a price-to-earnings ratio of 19.87 and a beta of 0.82.

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

About FinWise Bancorp

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.