FinWise Bancorp (NASDAQ:FINW) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• FinWise Bancorp shares moved above their 200-day moving average, trading as high as $14.82 and last at $14.71, compared with the average of $14.43.
• Analyst sentiment is generally neutral: the consensus rating is Hold with a $15.50 price target. Recent rating changes included upgrades to Hold and a downgrade from Overweight to Equal Weight.
• Quarterly EPS of $0.76 beat the $0.19 consensus estimate, while revenue of $33.02 million fell short of the $41.62 million estimate.

FinWise Bancorp (NASDAQ:FINW - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $14.43 and traded as high as $14.82. FinWise Bancorp shares last traded at $14.71, with a volume of 45,740 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on FINW shares. Weiss Ratings reissued a "hold (c)" rating on shares of FinWise Bancorp in a research note on Friday, October 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $15.00 price target on shares of FinWise Bancorp in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of FinWise Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Zacks Research upgraded shares of FinWise Bancorp from a "strong sell" rating to a "hold" rating in a report on Friday, October 30th. Finally, Stephens cut shares of FinWise Bancorp from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective on the stock. in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.50.

FinWise Bancorp Stock Up 2.0%

The business has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $14.43. The company has a market capitalization of $204.17 million, a price-to-earnings ratio of 10.90 and a beta of 0.70.

FinWise Bancorp (NASDAQ:FINW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.57. The business had revenue of $33.02 million during the quarter, compared to the consensus estimate of $41.62 million. FinWise Bancorp had a net margin of 7.03% and a return on equity of 9.78%. On average, sell-side analysts anticipate that FinWise Bancorp will post 1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On FinWise Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FINW. Russell Investments Group Ltd. grew its holdings in FinWise Bancorp by 70.8% during the third quarter. Russell Investments Group Ltd. now owns 6,329 shares of the company's stock worth $71,000 after buying an additional 2,623 shares in the last quarter. IFP Advisors Inc purchased a new position in FinWise Bancorp during the 2nd quarter worth $174,000. Squarepoint Ops LLC purchased a new position in FinWise Bancorp during the 2nd quarter worth $174,000. Arcus Capital Partners LLC boosted its holdings in FinWise Bancorp by 92.3% during the 2nd quarter. Arcus Capital Partners LLC now owns 25,140 shares of the company's stock worth $365,000 after acquiring an additional 12,066 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of FinWise Bancorp in the 2nd quarter worth $341,000. Institutional investors and hedge funds own 35.41% of the company's stock.

FinWise Bancorp Company Profile

FinWise Bancorp is the bank holding company for FinWise Bank, a Utah-chartered financial institution headquartered in Murray, Utah. Through its subsidiary, the company provides banking and lending services to consumers, small businesses and commercial customers. FinWise Bank operates a strategic lending platform that partners with fintech companies, loan originators and other third parties to support the origination and servicing of consumer and small-business loans. Its offerings also include commercial lending, small business lending, Small Business Administration loans, commercial real estate financing and other credit products.

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