FinWise Bancorp (NASDAQ:FINW) Given Average Recommendation of “Moderate Buy” by Analysts

FinWise Bancorp (NASDAQ:FINW) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.75.

Several equities analysts have recently weighed in on the stock. Hovde Group increased their price objective on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of FinWise Bancorp in a research report on Monday.

FinWise Bancorp Price Performance

Shares of FINW opened at $18.05 on Wednesday. The firm has a market capitalization of $245.30 million, a P/E ratio of 17.03 and a beta of 0.82. FinWise Bancorp has a one year low of $13.48 and a one year high of $22.49. The business has a fifty day moving average of $18.24 and a 200 day moving average of $17.67.

FinWise Bancorp (NASDAQ:FINW) last posted its earnings results on Monday, November 10th. The company reported $0.34 earnings per share for the quarter. The company had revenue of $36.66 million for the quarter. FinWise Bancorp had a return on equity of 8.31% and a net margin of 12.13%. Analysts expect that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Keil sold 1,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $19.48, for a total transaction of $29,220.00. Following the completion of the sale, the insider owned 56,428 shares of the company’s stock, valued at $1,099,217.44. The trade was a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Howard I. Reynolds acquired 2,297 shares of FinWise Bancorp stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $18.95 per share, with a total value of $43,528.15. Following the completion of the purchase, the director directly owned 38,105 shares in the company, valued at $722,089.75. This represents a 6.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FINW. BNP Paribas Financial Markets purchased a new position in shares of FinWise Bancorp during the 2nd quarter valued at about $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in FinWise Bancorp during the 2nd quarter worth approximately $31,000. Bank of America Corp DE raised its stake in FinWise Bancorp by 3,887.7% during the 2nd quarter. Bank of America Corp DE now owns 2,911 shares of the company’s stock worth $44,000 after acquiring an additional 2,838 shares during the period. JPMorgan Chase & Co. purchased a new position in FinWise Bancorp during the second quarter valued at approximately $65,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of FinWise Bancorp in the second quarter worth approximately $74,000. Institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Company 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.