FinWise Bancorp (NASDAQ:FINW) Stock Now Rated “Hold” by Wall Street Brokerages

FinWise Bancorp (NASDAQ:FINW – Get Free Report) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.00.

FINW has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of FinWise Bancorp in a research report on Monday, August 3rd. Wall Street Zen lowered shares of FinWise Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th. Stephens cut shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research note on Thursday, August 6th. Zacks Research cut shares of FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $16.00 target price on shares of FinWise Bancorp in a report on Friday, July 31st.

Get Our Latest Stock Analysis on FINW

FinWise Bancorp Stock Performance

FINW stock opened at $11.19 on Friday. FinWise Bancorp has a one year low of $10.79 and a one year high of $20.39. The stock has a market capitalization of $155.32 million, a PE ratio of 11.66 and a beta of 0.73. The company has a fifty day moving average of $13.36 and a 200-day moving average of $14.30.

FinWise Bancorp (NASDAQ:FINW – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The business had revenue of $54.34 million for 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%. Equities analysts forecast that FinWise Bancorp will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FinWise Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in FinWise Bancorp in the second quarter valued at approximately $7,549,000. Militia Capital Management LLC purchased a new stake in shares of FinWise Bancorp in the first quarter worth about $498,000. EP Wealth Advisors LLC acquired a new stake in FinWise Bancorp in the second quarter valued at approximately $345,000. Empowered Funds LLC purchased a new stake in shares of FinWise Bancorp during the second quarter valued at approximately $341,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of FinWise Bancorp during the second quarter valued at approximately $306,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for FinWise Bancorp (NASDAQ:FINW)

Receive News & Ratings for FinWise Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FinWise Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.