20 hours Ago By Defense World Staff
Empowered Funds LLC grew its position in FinWise Bancorp ( NASDAQ:FINW – Free Report ) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,461 shares of the company’s stock after buying an additional 1,013 shares during the quarter.
Empowered Funds LLC owned approximately 0.17% of FinWise Bancorp worth $359,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently made changes to their positions in the company.
Barclays PLC purchased a new stake in shares of FinWise Bancorp in the 3rd quarter valued at approximately $47,000. Geode Capital Management LLC raised its stake in FinWise Bancorp by 21.7% during the 3rd quarter.
Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after purchasing an additional 16,309 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in FinWise Bancorp during the 3rd quarter valued at $6,209,000. 35.
41% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets FINW has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on FinWise Bancorp from $20.
00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Stephens raised their price objective on FinWise Bancorp from $20.
00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Raymond James initiated coverage on FinWise Bancorp in a report on Wednesday, December 18th.
They issued an “outperform” rating and a $21.00 target price on the stock. FinWise Bancorp Stock Down 3.
3 % Shares of NASDAQ:FINW opened at $19.95 on Friday. The firm has a fifty day moving average of $17.
51 and a two-hundred day moving average of $16.14. FinWise Bancorp has a 12-month low of $8.
72 and a 12-month high of $20.94. The firm has a market capitalization of $263.
54 million, a P/E ratio of 21.22 and a beta of 0.80.
FinWise Bancorp ( NASDAQ:FINW – Get Free Report ) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
27 by ($0.07). FinWise Bancorp had a net margin of 13.
23% and a return on equity of 7.67%. Equities research analysts expect that FinWise Bancorp will post 1.
03 earnings per share for the current fiscal year. FinWise Bancorp Company Profile ( Free Report ) 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.
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