FinWise Bancorp (NASDAQ:FINW - Get Free Report) released its earnings results on Monday. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05, Yahoo Finance reports. The firm had revenue of $23.11 million during the quarter, compared to analysts' expectations of $19.68 million. FinWise Bancorp had a net margin of 20.39% and a return on equity of 11.69%. During the same period in the previous year, the company earned $0.29 EPS.
FinWise Bancorp Price Performance
FINW stock traded down $0.12 during midday trading on Tuesday, hitting $10.61. The stock had a trading volume of 58,319 shares, compared to its average volume of 23,899. The firm has a market cap of $136.02 million, a PE ratio of 8.07 and a beta of 0.76. FinWise Bancorp has a 12-month low of $7.61 and a 12-month high of $14.98. The company's 50-day moving average price is $9.88 and its 200 day moving average price is $11.19.
Analyst Ratings Changes
Separately, Piper Sandler lifted their target price on shares of FinWise Bancorp from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 30th.
Read Our Latest Research Report on FinWise Bancorp
About FinWise Bancorp
(
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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.
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