FinWise Bancorp (FINW) to Release Quarterly Earnings on Thursday

FinWise Bancorp (NASDAQ:FINW – Get Rating) is set to announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

FinWise Bancorp (NASDAQ:FINW – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.37. The company had revenue of $24.40 million for the quarter, compared to analyst estimates of $20.76 million. On average, analysts expect FinWise Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of FinWise Bancorp stock opened at $17.85 on Thursday. The stock’s 50-day moving average is $18.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. FinWise Bancorp has a one year low of $11.90 and a one year high of $21.86.

An institutional investor recently bought a new position in FinWise Bancorp stock. Alliancebernstein L.P. purchased a new stake in FinWise Bancorp (NASDAQ:FINW – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 464,075 shares of the company’s stock, valued at approximately $6,400,000. Alliancebernstein L.P. owned approximately 3.79% of FinWise Bancorp as of its most recent SEC filing. 4.71% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised FinWise Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, February 25th.

About FinWise Bancorp (Get Rating)

FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers. It offers various deposit products, including interest and noninterest bearing demand, NOW, money market, and checking and savings accounts, as well as time deposits and certificates of deposits.

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