Short Interest in FinWise Bancorp (NASDAQ:FINW) Expands By 28.5%

FinWise Bancorp (NASDAQ:FINW) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 48,200 shares, a growth of 28.5% from the January 15th total of 37,500 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On FinWise Bancorp

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position 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 worth $1,429,000 after buying an additional 16,309 shares during the last quarter. Barclays PLC acquired a new position in FinWise Bancorp in the third quarter valued at approximately $47,000. Empowered Funds LLC grew its holdings in shares of FinWise Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock valued at $335,000 after purchasing an additional 1,072 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of FinWise Bancorp during the 3rd quarter worth approximately $6,209,000. Finally, Jane Street Group LLC acquired a new stake in shares of FinWise Bancorp during the 4th quarter worth approximately $197,000. 35.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Raymond James began coverage on shares of FinWise Bancorp in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 target price on the stock. Piper Sandler raised their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Stephens upped their target price on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st.

FinWise Bancorp Stock Up 0.7 %

Shares of NASDAQ FINW traded up $0.14 during trading on Friday, reaching $19.93. 59,898 shares of the stock were exchanged, compared to its average volume of 25,544. The business’s 50-day moving average price is $17.35 and its 200 day moving average price is $15.98. The company has a market capitalization of $263.28 million, a price-to-earnings ratio of 21.20 and a beta of 0.80. FinWise Bancorp has a twelve month low of $8.72 and a twelve month high of $20.86.

FinWise Bancorp (NASDAQ:FINW) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). FinWise Bancorp had a net margin of 13.23% and a return on equity of 7.67%. As a group, sell-side analysts expect that FinWise Bancorp will post 1.03 earnings per share for the current fiscal year.

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.