FinWise Bancorp (NASDAQ:FINW) Short Interest Update

FinWise Bancorp (NASDAQ:FINW) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 39,000 shares, a growth of 7.7% from the December 31st total of 36,200 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of FinWise Bancorp

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP acquired a new stake in FinWise Bancorp in the third quarter valued at $6,209,000. Dimensional Fund Advisors LP grew its holdings in shares of FinWise Bancorp by 25.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock valued at $958,000 after purchasing an additional 19,235 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of FinWise Bancorp by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after acquiring an additional 16,309 shares in the last quarter. Barclays PLC bought a new stake in shares of FinWise Bancorp in the third quarter worth $47,000. Finally, Empowered Funds LLC raised its position in FinWise Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after purchasing an additional 1,072 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

FinWise Bancorp Price Performance

Shares of NASDAQ:FINW opened at $17.89 on Tuesday. The firm’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $15.47. The company has a market capitalization of $236.33 million, a price-to-earnings ratio of 19.03 and a beta of 0.80. FinWise Bancorp has a fifty-two week low of $8.72 and a fifty-two week high of $20.50.

FinWise Bancorp (NASDAQ:FINW) last issued its quarterly earnings data 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 return on equity of 7.67% and a net margin of 13.23%. Equities research analysts expect that FinWise Bancorp will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

FINW has been the topic of several research reports. Piper Sandler upped 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. Stephens increased 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. Finally, Raymond James initiated coverage on shares of FinWise Bancorp in a report on Wednesday, December 18th. They set an “outperform” rating and a $21.00 target price for the company.

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.