FinWise Bancorp (NASDAQ:FINW) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its position in FinWise Bancorp (NASDAQ:FINW) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 87,661 shares of the company’s stock after acquiring an additional 1,013 shares during the period. Bridgeway Capital Management LLC’s holdings in FinWise Bancorp were worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC purchased a new position in FinWise Bancorp during the 3rd quarter valued at about $47,000. Bank of America Corp DE grew its holdings in shares of FinWise Bancorp by 4,847.1% in the fourth quarter. Bank of America Corp DE now owns 3,463 shares of the company’s stock valued at $55,000 after purchasing an additional 3,393 shares in the last quarter. Citadel Advisors LLC purchased a new stake in FinWise Bancorp during the 4th quarter worth approximately $175,000. Jane Street Group LLC acquired a new stake in FinWise Bancorp during the 4th quarter worth approximately $197,000. Finally, Northern Trust Corp boosted its position in FinWise Bancorp by 24.2% in the 4th quarter. Northern Trust Corp now owns 16,296 shares of the company’s stock valued at $260,000 after buying an additional 3,179 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Price Performance

FinWise Bancorp stock opened at $14.58 on Friday. The stock has a market cap of $192.67 million, a PE ratio of 15.51 and a beta of 0.86. The stock’s fifty day moving average is $15.91 and its two-hundred day moving average is $17.07. FinWise Bancorp has a 1-year low of $10.02 and a 1-year high of $20.94.

FinWise Bancorp (NASDAQ:FINW) last issued its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $18.54 million for the quarter, compared to analyst estimates of $22.38 million. FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%. On average, research analysts expect that FinWise Bancorp will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FINW has been the topic of a number of recent research reports. Piper Sandler upped their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Stephens increased their price target on FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Hovde Group lowered their price objective on FinWise Bancorp from $19.00 to $18.50 and set an “outperform” rating for the company in a research report on Thursday, May 1st.

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.