FinWise Bancorp (NASDAQ:FINW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FinWise Bancorp (NASDAQ:FINW) from a strong sell rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial reissued an “outperform” rating and issued a $16.00 price target on shares of FinWise Bancorp in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of FinWise Bancorp in a research report on Monday, August 3rd. Stephens lowered shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research report on Thursday, August 6th. Finally, Zacks Research cut shares of FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

FinWise Bancorp Trading Down 1.7%

Shares of FINW opened at $10.50 on Friday. The firm has a market cap of $145.74 million, a P/E ratio of 10.94 and a beta of 0.73. FinWise Bancorp has a 12 month low of $10.49 and a 12 month high of $19.86. The stock’s 50 day moving average is $12.61 and its two-hundred day moving average is $13.89.

FinWise Bancorp (NASDAQ:FINW) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.09). FinWise Bancorp had a return on equity of 7.04% and a net margin of 6.76%. The business had revenue of $54.34 million for the quarter, compared to analyst estimates of $47.11 million. Equities research analysts forecast that FinWise Bancorp will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Globeflex Capital L P purchased a new stake in shares of FinWise Bancorp during the second quarter worth $48,000. Deutsche Bank AG acquired a new stake in shares of FinWise Bancorp in the second quarter valued at about $139,000. IFP Advisors Inc purchased a new position in shares of FinWise Bancorp in the second quarter worth about $174,000. Squarepoint Ops LLC purchased a new position in shares of FinWise Bancorp in the second quarter worth about $174,000. Finally, Global Retirement Partners LLC acquired a new position in FinWise Bancorp during the second quarter worth about $178,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About FinWise Bancorp

FinWise Bancorp is the bank holding company for FinWise Bank, a federally insured Utah-chartered financial institution headquartered in Murray, Utah. The company provides banking and lending services to consumers, small businesses and commercial customers.

FinWise Bank operates a technology-focused banking platform that works with fintech companies and other business partners to originate and service consumer and small-business loans. Its activities include personal lending, commercial lending, Small Business Administration lending, loan servicing and deposit products.

Through its partner-based model, FinWise Bank provides program management, compliance support, underwriting and other banking services that enable third-party companies to offer financial products.