28,022 Shares in FinWise Bancorp (NASDAQ:FINW) Purchased by Tempus Wealth Planning LLC

Key Points

• Tempus Wealth Planning LLC has invested approximately $491,000 in FinWise Bancorp by acquiring 28,022 shares, representing about 0.21% of the company.
• Institutional investors now hold 35.41% of FinWise Bancorp's stock, with Geode Capital Management and Barclays PLC significantly increasing their positions in the company during the last quarter.
• Analysts maintain a Moderate Buy rating for FinWise Bancorp, with a revised price target of $18.50 following a recent earnings report that exceeded expectations.

Tempus Wealth Planning LLC bought a new position in shares of FinWise Bancorp (NASDAQ:FINW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,022 shares of the company's stock, valued at approximately $491,000. Tempus Wealth Planning LLC owned approximately 0.21% of FinWise Bancorp as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 3,393 shares during the last quarter. PFG Investments LLC bought a new position in FinWise Bancorp in the 1st quarter valued at about $179,000. Citadel Advisors LLC acquired a new position in shares of FinWise Bancorp during the 4th quarter worth approximately $175,000. Barclays PLC grew its position in shares of FinWise Bancorp by 269.2% during 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 in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of FinWise Bancorp during the 4th quarter worth approximately $197,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on FINW shares. Hovde Group decreased their target price on shares of FinWise Bancorp from $19.00 to $18.50 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of FinWise Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.88.

FinWise Bancorp Trading Down 0.3%

FinWise Bancorp stock traded down $0.05 during mid-day trading on Tuesday, reaching $17.40. The company had a trading volume of 19,730 shares, compared to its average volume of 30,037. FinWise Bancorp has a fifty-two week low of $11.31 and a fifty-two week high of $20.94. The company has a market cap of $230.08 million, a P/E ratio of 17.87 and a beta of 0.80. The business has a fifty day simple moving average of $14.97 and a 200 day simple moving average of $16.18.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.29 earnings per share 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 7.79%. The firm had revenue of $25.07 million for the quarter, compared to analyst estimates of $22.36 million. Research analysts forecast that FinWise Bancorp will post 1.03 EPS for the current year.

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.