FinWise Bancorp (NASDAQ:FINW) Now Covered by Analysts at Raymond James

Analysts at Raymond James assumed coverage on shares of FinWise Bancorp (NASDAQ:FINWGet Free Report) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $21.00 price target on the stock. Raymond James’ price target points to a potential upside of 10.53% from the stock’s previous close.

Separately, Stephens lifted their target price on shares of FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th.

Get Our Latest Analysis on FinWise Bancorp

FinWise Bancorp Stock Performance

FinWise Bancorp stock opened at $19.00 on Wednesday. The stock has a 50-day moving average price of $17.28 and a two-hundred day moving average price of $13.98. FinWise Bancorp has a 12 month low of $8.72 and a 12 month high of $20.50. The company has a market capitalization of $251.01 million, a PE ratio of 17.92 and a beta of 0.72.

Institutional Investors Weigh In On FinWise Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new position in shares of FinWise Bancorp during the third quarter worth about $47,000. Empowered Funds LLC raised its holdings in FinWise Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after purchasing an additional 1,072 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of FinWise Bancorp in the 2nd quarter worth approximately $221,000. Geode Capital Management LLC boosted its stake in shares of FinWise Bancorp by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after purchasing an additional 16,309 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of FinWise Bancorp by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock worth $958,000 after buying an additional 19,235 shares during the period. Institutional investors own 35.41% of the company’s stock.

FinWise Bancorp Company Profile

(Get Free Report)

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.

Further Reading

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