FinWise Bancorp $FINW Shares Bought by Militia Capital Partners LP

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 raised its stake in FinWise Bancorp (NASDAQ:FINW - Free Report) by 16,566.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.38% of FinWise Bancorp worth $876,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Andina Capital Management LLC acquired a new stake in FinWise Bancorp in the first quarter valued at $805,000. Millennium Management LLC acquired a new stake in shares of FinWise Bancorp in the fourth quarter valued at approximately $679,000. Tempus Wealth Planning LLC acquired a new stake in shares of FinWise Bancorp in the first quarter valued at approximately $491,000. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 26,115 shares in the last quarter. Finally, Siena Capital Partners GP LLC raised its position in shares of FinWise Bancorp by 20.6% during 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 during the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

FinWise Bancorp Stock Performance

FINW stock traded up $0.18 during trading on Wednesday, hitting $19.83. The stock had a trading volume of 1,588 shares, compared to its average volume of 26,861. The company's 50 day moving average price is $18.03 and its two-hundred day moving average price is $16.33. FinWise Bancorp has a 1-year low of $13.48 and a 1-year high of $20.94. The stock has a market cap of $268.03 million, a price-to-earnings ratio of 20.44 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised FinWise Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently 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.