FinWise Bancorp (NASDAQ:FINW) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of FinWise Bancorp (NASDAQ:FINW) from a sell rating to a hold rating in a research report released on Sunday morning.

A number of other equities analysts have also issued reports on FINW. Zacks Research lowered shares of FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Weiss Ratings downgraded FinWise Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

FinWise Bancorp Price Performance

FINW stock opened at $13.53 on Friday. FinWise Bancorp has a fifty-two week low of $13.30 and a fifty-two week high of $22.49. The firm’s 50-day simple moving average is $16.04 and its 200 day simple moving average is $17.29. The stock has a market cap of $185.50 million, a PE ratio of 12.30 and a beta of 0.74.

FinWise Bancorp (NASDAQ:FINW) last announced its earnings results on Thursday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The company had revenue of $24.33 million during the quarter, compared to the consensus estimate of $50.48 million. FinWise Bancorp had a net margin of 9.05% and a return on equity of 8.33%. Equities analysts forecast that FinWise Bancorp will post 1.18 EPS for the current fiscal year.

Institutional Trading of FinWise Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FINW. Dimensional Fund Advisors LP boosted its position in shares of FinWise Bancorp by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 113,484 shares of the company’s stock valued at $1,800,000 after purchasing an additional 2,841 shares in the last quarter. Arcus Capital Partners LLC boosted its position in shares of FinWise Bancorp by 28.5% during the 1st quarter. Arcus Capital Partners LLC now owns 13,074 shares of the company’s stock valued at $207,000 after purchasing an additional 2,900 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of FinWise Bancorp during the 4th quarter valued at about $192,000. Millennium Management LLC bought a new position in shares of FinWise Bancorp during the 4th quarter valued at about $224,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of FinWise Bancorp by 0.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 88,889 shares of the company’s stock valued at $1,595,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

About FinWise Bancorp

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.