Short Interest in FinWise Bancorp (NASDAQ:FINW) Expands By 7.7%

FinWise Bancorp (NASDAQ:FINW) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 39,000 shares, an increase of 7.7% from the December 15th total of 36,200 shares. Based on an average daily volume of 18,700 shares, the short-interest ratio is presently 2.1 days. Currently, 0.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

FINW has been the subject of several analyst reports. Raymond James started 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 for the company. Stephens lifted their price objective on shares of FinWise Bancorp from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

FinWise Bancorp Trading Down 0.2 %

Shares of FINW traded down $0.04 during mid-day trading on Friday, reaching $16.41. The company’s stock had a trading volume of 10,827 shares, compared to its average volume of 15,122. FinWise Bancorp has a 1-year low of $8.72 and a 1-year high of $20.50. The business has a 50-day simple moving average of $17.24 and a two-hundred day simple moving average of $14.98. The stock has a market cap of $216.78 million, a P/E ratio of 15.48 and a beta of 0.77.

Institutional Investors Weigh In On FinWise Bancorp

Several hedge funds have recently added to or reduced their stakes in FINW. Barclays PLC bought a new stake in shares of FinWise Bancorp during the 3rd quarter worth about $47,000. Empowered Funds LLC raised its holdings in FinWise Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock valued at $335,000 after acquiring an additional 1,072 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 19,235 shares during the last quarter. Geode Capital Management LLC lifted its position in FinWise Bancorp by 21.7% during the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after acquiring an additional 16,309 shares during the last quarter. Finally, Wasatch Advisors LP bought a new stake in shares of FinWise Bancorp during the third quarter worth approximately $6,209,000. Institutional investors and hedge funds 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.