FinWise Bancorp (NASDAQ:FINW - Free Report) had its target price cut by Hovde Group from $19.00 to $18.50 in a report published on Thursday morning, Marketbeat reports. They currently have an outperform rating on the stock.
Several other research firms also recently commented on FINW. Piper Sandler upped their price objective on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Stephens lifted their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, January 31st.
Read Our Latest Report on FINW
FinWise Bancorp Stock Performance
FINW traded down $0.35 on Thursday, hitting $14.20. The company had a trading volume of 37,873 shares, compared to its average volume of 18,993. The stock has a market capitalization of $187.67 million, a price-to-earnings ratio of 15.11 and a beta of 0.84. The stock has a fifty day moving average price of $16.44 and a 200-day moving average price of $17.14. FinWise Bancorp has a 12-month low of $10.02 and a 12-month high of $20.94.
FinWise Bancorp (NASDAQ:FINW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%. The firm had revenue of $18.54 million during the quarter, compared to analysts' expectations of $22.38 million. Analysts forecast that FinWise Bancorp will post 1.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its position in FinWise Bancorp by 58.1% during the fourth quarter. Wasatch Advisors LP now owns 629,399 shares of the company's stock worth $10,058,000 after acquiring an additional 231,405 shares during the period. Susquehanna International Group LLP raised its position in shares of FinWise Bancorp by 155.2% during the 4th quarter. Susquehanna International Group LLP now owns 123,044 shares of the company's stock worth $1,966,000 after purchasing an additional 74,821 shares during the last quarter. Millennium Management LLC purchased a new position in FinWise Bancorp in the 4th quarter valued at about $679,000. 683 Capital Management LLC acquired a new stake in FinWise Bancorp in the 4th quarter worth about $310,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in FinWise Bancorp during the 4th quarter worth approximately $264,000. Hedge funds and other institutional investors own 35.41% of the company's stock.
About FinWise Bancorp
(
Get Free Report)
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.
Further Reading
Before you consider FinWise Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinWise Bancorp wasn't on the list.
While FinWise Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
