FinWise Bancorp (NASDAQ:FINW) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

FinWise Bancorp (NASDAQ:FINW) released its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07), Zacks reports. FinWise Bancorp had a net margin of 14.78% and a return on equity of 8.63%.

FinWise Bancorp Price Performance

NASDAQ FINW traded up $0.39 during trading hours on Thursday, reaching $16.62. The company’s stock had a trading volume of 12,247 shares, compared to its average volume of 14,829. The firm has a market capitalization of $219.55 million, a price-to-earnings ratio of 15.68 and a beta of 0.77. The company’s 50-day moving average is $17.05 and its two-hundred day moving average is $15.32. FinWise Bancorp has a 1-year low of $8.72 and a 1-year high of $20.50.

Analyst Upgrades and Downgrades

FINW has been the subject of several research analyst reports. Stephens raised their price objective on FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Raymond James initiated coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They set an “outperform” rating and a $21.00 price objective 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.