FinWise Bancorp (NASDAQ:FINW) Director Buys $43,528.15 in Stock

FinWise Bancorp (NASDAQ:FINW) Director Howard Reynolds acquired 2,297 shares of FinWise Bancorp stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of $18.95 per share, with a total value of $43,528.15. Following the completion of the purchase, the director owned 38,105 shares of the company’s stock, valued at approximately $722,089.75. This represents a 6.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FinWise Bancorp Price Performance

Shares of NASDAQ FINW opened at $19.20 on Thursday. The firm has a fifty day moving average price of $19.17 and a 200-day moving average price of $16.97. The stock has a market cap of $259.58 million, a PE ratio of 18.11 and a beta of 0.81. FinWise Bancorp has a 1 year low of $13.48 and a 1 year high of $22.49.

FinWise Bancorp (NASDAQ:FINW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $23.97 million during the quarter, compared to analysts’ expectations of $27.87 million. FinWise Bancorp had a net margin of 12.13% and a return on equity of 8.43%. On average, research analysts expect that FinWise Bancorp will post 1.03 EPS for the current year.

Hedge Funds Weigh In On FinWise Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its position in FinWise Bancorp by 22.2% during the second quarter. US Bancorp DE now owns 429,048 shares of the company’s stock valued at $6,440,000 after purchasing an additional 78,000 shares during the last quarter. Geode Capital Management LLC lifted its position in FinWise Bancorp by 109.3% during the second quarter. Geode Capital Management LLC now owns 204,323 shares of the company’s stock valued at $3,068,000 after purchasing an additional 106,683 shares during the last quarter. Siena Capital Partners GP LLC lifted its position in FinWise Bancorp by 20.6% during the first quarter. Siena Capital Partners GP LLC now owns 137,123 shares of the company’s stock valued at $2,401,000 after purchasing an additional 23,405 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in FinWise Bancorp by 2.7% during the second quarter. Bridgeway Capital Management LLC now owns 92,706 shares of the company’s stock valued at $1,392,000 after purchasing an additional 2,454 shares during the last quarter. Finally, Militia Capital Partners LP lifted its position in FinWise Bancorp by 49.2% during the second quarter. Militia Capital Partners LP now owns 74,601 shares of the company’s stock valued at $1,120,000 after purchasing an additional 24,601 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of FinWise Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Hovde Group upped their target price on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FinWise Bancorp in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.75.

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.