FinWise Bancorp (NASDAQ:FINW) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

FinWise Bancorp (NASDAQ:FINW) announced its quarterly earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05, Yahoo Finance reports. FinWise Bancorp had a return on equity of 11.20% and a net margin of 18.63%. The company had revenue of $23.11 million for the quarter, compared to the consensus estimate of $19.68 million. During the same quarter in the previous year, the business earned $0.29 EPS.

FinWise Bancorp Trading Down 1.4 %

NASDAQ FINW traded down $0.15 during trading on Wednesday, hitting $10.46. The company had a trading volume of 9,579 shares, compared to its average volume of 23,726. The company’s fifty day moving average is $9.89 and its 200-day moving average is $11.20. FinWise Bancorp has a one year low of $7.61 and a one year high of $14.98. The company has a market cap of $134.10 million, a price-to-earnings ratio of 8.22 and a beta of 0.76.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on FinWise Bancorp from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

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.