FinWise Bancorp (NASDAQ:FINW) Sees Large Decrease in Short Interest

FinWise Bancorp (NASDAQ:FINW) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 133,784 shares, a decrease 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 company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 29,572 shares, the short-interest ratio is currently 4.5 days.

Analyst Upgrades and Downgrades

FINW has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of FinWise Bancorp in a research report on Monday, December 29th. Zacks Research upgraded FinWise Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $22.00.

FinWise Bancorp Stock Performance

Shares of FINW traded up $0.49 during trading hours on Wednesday, hitting $17.65. The company had a trading volume of 687 shares, compared to its average volume of 24,893. The stock has a market capitalization of $239.80 million, a price-to-earnings ratio of 15.62 and a beta of 0.82. The firm has a fifty day moving average price of $17.85 and a 200-day moving average price of $18.48. FinWise Bancorp has a 52-week low of $13.48 and a 52-week high of $22.49.

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

Institutional Investors Weigh In On FinWise Bancorp

Several institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. increased its holdings in FinWise Bancorp by 0.6% in the 3rd quarter. Alliancebernstein L.P. now owns 771,701 shares of the company’s stock worth $14,963,000 after buying an additional 4,360 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of FinWise Bancorp by 7.2% during the third quarter. Wasatch Advisors LP now owns 754,543 shares of the company’s stock valued at $14,631,000 after purchasing an additional 50,434 shares during the last quarter. Vanguard Group Inc. lifted its position in FinWise Bancorp by 0.4% during the third quarter. Vanguard Group Inc. now owns 487,323 shares of the company’s stock valued at $9,449,000 after purchasing an additional 1,739 shares during the period. US Bancorp DE boosted its holdings in FinWise Bancorp by 2.3% in the fourth quarter. US Bancorp DE now owns 439,048 shares of the company’s stock worth $7,877,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of FinWise Bancorp by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 206,561 shares of the company’s stock worth $3,707,000 after acquiring an additional 2,416 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.