Barclays PLC Boosts Stock Position in FinWise Bancorp (NASDAQ:FINW)

Barclays PLC increased its holdings in shares of FinWise Bancorp (NASDAQ:FINW) by 269.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,204 shares of the company’s stock after buying an additional 8,169 shares during the period. Barclays PLC owned about 0.08% of FinWise Bancorp worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Geode Capital Management LLC boosted its holdings in FinWise Bancorp by 2.0% in the fourth 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 during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

FinWise Bancorp Price Performance

Shares of NASDAQ FINW opened at $15.05 on Wednesday. The company has a market capitalization of $198.89 million, a P/E ratio of 16.01 and a beta of 0.86. FinWise Bancorp has a one year low of $10.02 and a one year high of $20.94. The business’s 50-day moving average price is $15.77 and its two-hundred day moving average price is $17.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FINW shares. Piper Sandler 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 note on Friday, January 31st. 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 note on Thursday, May 1st. Finally, Stephens raised their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st.

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.