Renaissance Technologies LLC Sells 1,800 Shares of FinWise Bancorp (NASDAQ:FINW)

Renaissance Technologies LLC lowered its stake in FinWise Bancorp (NASDAQ:FINW) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,700 shares of the company’s stock after selling 1,800 shares during the period. Renaissance Technologies LLC owned approximately 0.35% of FinWise Bancorp worth $746,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC acquired a new stake in FinWise Bancorp during the 3rd quarter worth approximately $47,000. Empowered Funds LLC grew its holdings in FinWise Bancorp by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,461 shares of the company’s stock valued at $359,000 after buying an additional 1,013 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in FinWise Bancorp by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after buying an additional 16,309 shares during the period. 35.41% of the stock is owned by institutional investors.

FinWise Bancorp Stock Down 3.8 %

Shares of FinWise Bancorp stock opened at $14.55 on Friday. FinWise Bancorp has a 12-month low of $10.02 and a 12-month high of $20.94. The company has a market capitalization of $192.29 million, a price-to-earnings ratio of 15.48 and a beta of 0.84. The firm’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $17.15.

FinWise Bancorp (NASDAQ:FINW) last posted its quarterly 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 firm had revenue of $18.54 million for the quarter, compared to analyst estimates of $22.38 million. On average, sell-side analysts expect that FinWise Bancorp will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FINW. Piper Sandler upped their price target on shares of FinWise Bancorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Stephens increased their target price 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. Finally, Hovde Group lowered their target price on shares of FinWise Bancorp from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Thursday.

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.