FinWise Bancorp (NASDAQ:FINW) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its stake in shares of FinWise Bancorp (NASDAQ:FINW) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,661 shares of the company’s stock after purchasing an additional 1,013 shares during the period. Bridgeway Capital Management LLC owned about 0.66% of FinWise Bancorp worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of FinWise Bancorp by 58.1% during the fourth quarter. Wasatch Advisors LP now owns 629,399 shares of the company’s stock valued at $10,058,000 after acquiring an additional 231,405 shares during the last quarter. Susquehanna International Group LLP raised its stake in FinWise Bancorp by 155.2% in the 4th quarter. Susquehanna International Group LLP now owns 123,044 shares of the company’s stock valued at $1,966,000 after purchasing an additional 74,821 shares during the last quarter. Geode Capital Management LLC lifted its holdings in FinWise Bancorp by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 93,428 shares of the company’s stock valued at $1,494,000 after purchasing an additional 1,820 shares in the last quarter. Empowered Funds LLC boosted its stake in FinWise Bancorp by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,461 shares of the company’s stock worth $359,000 after purchasing an additional 1,013 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new stake in shares of FinWise Bancorp during the fourth quarter worth $310,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

FinWise Bancorp Price Performance

FinWise Bancorp stock opened at $14.58 on Friday. The firm has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $17.07. The stock has a market cap of $192.67 million, a price-to-earnings ratio of 15.51 and a beta of 0.86. FinWise Bancorp has a 1-year low of $10.02 and a 1-year high of $20.94.

FinWise Bancorp (NASDAQ:FINW) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%. The business had revenue of $18.54 million for the quarter, compared to analyst estimates of $22.38 million. Equities analysts expect that FinWise Bancorp will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FINW. Piper Sandler boosted their price target on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Stephens boosted their target price on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Hovde Group reduced their price objective on FinWise Bancorp from $19.00 to $18.50 and set an “outperform” rating on the stock in a research report on Thursday, May 1st.

FinWise Bancorp 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.