FinWise Bancorp (NASDAQ:FINW) Holdings Lifted by Wasatch Advisors LP

Wasatch Advisors LP grew its holdings in shares of FinWise Bancorp (NASDAQ:FINW) by 58.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 629,399 shares of the company’s stock after buying an additional 231,405 shares during the period. Wasatch Advisors LP’s holdings in FinWise Bancorp were worth $10,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC acquired a new position in FinWise Bancorp during the 3rd quarter worth $47,000. Empowered Funds LLC raised its stake 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 purchasing an additional 1,013 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in FinWise Bancorp by 21.7% in the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after purchasing an additional 16,309 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on FINW. Stephens raised their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Hovde Group initiated coverage on FinWise Bancorp in a report on Monday. They set an “outperform” rating and a $19.00 target price on the stock. Piper Sandler increased their price target on FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James began coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 price objective on the stock.

FinWise Bancorp Stock Performance

Shares of NASDAQ:FINW opened at $14.53 on Thursday. The stock has a market capitalization of $192.03 million, a price-to-earnings ratio of 15.46 and a beta of 0.84. FinWise Bancorp has a 1-year low of $9.76 and a 1-year high of $20.94. The company has a 50 day moving average price of $17.55 and a 200 day moving average price of $17.18.

FinWise Bancorp (NASDAQ:FINW) last announced its earnings results on Monday, February 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). FinWise Bancorp had a net margin of 13.23% and a return on equity of 7.67%. On average, sell-side analysts expect that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

FinWise Bancorp 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.