FinWise Bancorp (FINW) Set to Announce Earnings on Monday

FinWise Bancorp (NASDAQ:FINW) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

FinWise Bancorp (NASDAQ:FINW) last released its quarterly earnings results on Monday, January 29th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. FinWise Bancorp had a return on equity of 11.69% and a net margin of 20.39%. The firm had revenue of $20.40 million for the quarter, compared to analyst estimates of $18.68 million. On average, analysts expect FinWise Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FinWise Bancorp Trading Up 3.1 %

NASDAQ FINW opened at $10.16 on Monday. The business’s 50-day moving average price is $9.88 and its two-hundred day moving average price is $11.12. FinWise Bancorp has a 12 month low of $7.61 and a 12 month high of $14.98. The firm has a market capitalization of $130.25 million, a PE ratio of 7.64 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price target on FinWise Bancorp from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th.

Institutional Investors Weigh In On FinWise Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. acquired a new position in FinWise Bancorp during the 1st quarter worth approximately $109,000. JPMorgan Chase & Co. purchased a new stake in shares of FinWise Bancorp in the first quarter worth approximately $111,000. UBS Group AG bought a new position in shares of FinWise Bancorp in the first quarter valued at approximately $122,000. BlackRock Inc. bought a new position in shares of FinWise Bancorp in the first quarter valued at approximately $152,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of FinWise Bancorp in the fourth quarter valued at approximately $162,000. Institutional investors 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 the United States. The company 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.