FinWise Bancorp (NASDAQ:FINW) Short Interest Update

FinWise Bancorp (NASDAQ:FINW) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 133,784 shares, a drop of 15.7% from the January 15th total of 158,681 shares. Based on an average daily trading volume, of 29,572 shares, the short-interest ratio is currently 4.5 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 29,572 shares, the short-interest ratio is currently 4.5 days.

Hedge Funds Weigh In On FinWise Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in FinWise Bancorp by 13.9% in the fourth quarter. Barclays PLC now owns 14,634 shares of the company’s stock worth $263,000 after purchasing an additional 1,786 shares in the last quarter. State Street Corp grew its holdings in FinWise Bancorp by 10.8% during the fourth quarter. State Street Corp now owns 86,148 shares of the company’s stock worth $1,545,000 after buying an additional 8,429 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of FinWise Bancorp by 68.0% during the fourth quarter. Wells Fargo & Company MN now owns 10,283 shares of the company’s stock valued at $184,000 after purchasing an additional 4,163 shares in the last quarter. Deutsche Bank AG increased its stake in FinWise Bancorp by 12.7% in the 4th quarter. Deutsche Bank AG now owns 9,611 shares of the company’s stock valued at $172,000 after buying an additional 1,086 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of FinWise Bancorp by 109.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 40,565 shares of the company’s stock worth $728,000 after buying an additional 21,224 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Zacks Research raised shares of FinWise Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Hovde Group boosted their price target on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of FinWise Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.

FinWise Bancorp Trading Down 0.7%

NASDAQ:FINW opened at $17.36 on Monday. The stock has a market cap of $235.92 million, a price-to-earnings ratio of 15.36 and a beta of 0.82. The stock has a 50-day moving average price of $17.87 and a two-hundred day moving average price of $18.49. FinWise Bancorp has a 1 year low of $13.48 and a 1 year high of $22.49.

FinWise Bancorp (NASDAQ:FINW) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). The company had revenue of $26.36 million for the quarter, compared to analyst estimates of $42.32 million. FinWise Bancorp had a return on equity of 8.82% and a net margin of 10.66%. Sell-side analysts forecast that FinWise Bancorp will post 1.03 earnings per share for the current year.

FinWise Bancorp Company Profile

FinWise Bancorp is the bank holding company for FinWise Bank, a digital‐first community bank headquartered in Lindon, Utah. The company specializes in providing commercial lending and deposit products to marketplace lending platforms, fintech companies and small to mid‐sized businesses across the United States. FinWise Bancorp operates through its wholly owned subsidiary, FinWise Bank, which is FDIC‐insured and leverages a technology‐driven model to deliver banking services efficiently.

The company’s primary business activities include participant financing arrangements for marketplace lenders and other fintech platforms, as well as direct commercial loans.