FinWise Bancorp (NASDAQ:FINW) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of FinWise Bancorp (NASDAQ:FINW) have been given a consensus rating of “Hold” by the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.00.

Several brokerages recently commented on FINW. Stephens lowered shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a report on Thursday, August 6th. Zacks Research downgraded FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded FinWise Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of FinWise Bancorp in a report on Monday, August 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 target price on shares of FinWise Bancorp in a research note on Friday, July 31st.

FinWise Bancorp Stock Down 1.0%

Shares of FINW stock opened at $11.28 on Friday. FinWise Bancorp has a 52-week low of $10.79 and a 52-week high of $21.15. The stock has a market cap of $156.57 million, a PE ratio of 11.75 and a beta of 0.70. The business has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $14.47.

FinWise Bancorp (NASDAQ:FINW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.09). The company had revenue of $54.34 million during the quarter, compared to analysts’ expectations of $47.11 million. FinWise Bancorp had a return on equity of 7.04% and a net margin of 6.76%. Sell-side analysts anticipate that FinWise Bancorp will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of FinWise Bancorp

Several institutional investors have recently added to or reduced their stakes in FINW. IFP Advisors Inc purchased a new position in shares of FinWise Bancorp during the second quarter worth $174,000. Squarepoint Ops LLC acquired a new position in FinWise Bancorp in the 2nd quarter valued at about $174,000. Arcus Capital Partners LLC increased its stake in FinWise Bancorp by 92.3% during the second quarter. Arcus Capital Partners LLC now owns 25,140 shares of the company’s stock worth $365,000 after purchasing an additional 12,066 shares during the period. Empowered Funds LLC acquired a new stake in shares of FinWise Bancorp during the second quarter worth about $341,000. Finally, Globeflex Capital L P purchased a new position in shares of FinWise Bancorp in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

About FinWise Bancorp

FinWise Bancorp is the bank holding company for FinWise Bank, a Utah-chartered financial institution headquartered in Murray, Utah. The company provides traditional banking services while focusing on technology-enabled lending and partnerships with financial technology companies.

Through FinWise Bank, the company offers deposit products, including checking and savings accounts and certificates of deposit, as well as commercial, small-business and consumer lending. Its partnership platform works with fintech companies and other third parties to support loan origination, servicing, compliance and related banking functions.

FinWise serves customers through its digital banking and nationwide partnership model, while maintaining a presence in Utah.