Susquehanna International Group LLP Boosts Holdings in FinWise Bancorp (NASDAQ:FINW)

Susquehanna International Group LLP grew its position in FinWise Bancorp (NASDAQ:FINW - Free Report) by 155.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,044 shares of the company's stock after purchasing an additional 74,821 shares during the quarter. Susquehanna International Group LLP owned about 0.93% of FinWise Bancorp worth $1,966,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FINW. Wasatch Advisors LP grew its stake in FinWise Bancorp by 58.1% during the 4th quarter. Wasatch Advisors LP now owns 629,399 shares of the company's stock worth $10,058,000 after buying an additional 231,405 shares during the last quarter. Barclays PLC grew its stake in shares of FinWise Bancorp by 269.2% during the fourth quarter. Barclays PLC now owns 11,204 shares of the company's stock worth $179,000 after acquiring an additional 8,169 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of FinWise Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 93,428 shares of the company's stock worth $1,494,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of FinWise Bancorp by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,461 shares of the company's stock valued at $359,000 after acquiring an additional 1,013 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on FINW. Stephens boosted their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler boosted 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. Finally, Hovde Group reduced their target price on FinWise Bancorp from $19.00 to $18.50 and set an "outperform" rating for the company in a research note on Thursday, May 1st.

FinWise Bancorp Trading Down 0.8 %

Shares of NASDAQ FINW opened at $14.58 on Friday. The company has a 50 day simple moving average of $15.91 and a two-hundred day simple moving average of $17.07. The stock has a market cap of $192.67 million, a price-to-earnings ratio of 15.51 and a beta of 0.86. 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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $18.54 million during the quarter, compared to analysts' expectations of $22.38 million. FinWise Bancorp had a net margin of 13.23% and a return on equity of 7.67%. Analysts forecast that FinWise Bancorp will post 1.03 EPS for the current year.

About FinWise Bancorp

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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