Short Interest in FinWise Bancorp (NASDAQ:FINW) Expands By 9.1%

FinWise Bancorp (NASDAQ:FINWGet Rating) saw a large growth in short interest in December. As of December 30th, there was short interest totalling 120,100 shares, a growth of 9.1% from the December 15th total of 110,100 shares. Based on an average daily volume of 22,500 shares, the short-interest ratio is presently 5.3 days. Currently, 1.2% of the company’s stock are short sold.

FinWise Bancorp Stock Performance

FINW stock traded down $0.13 during midday trading on Tuesday, hitting $8.85. 5,161 shares of the stock were exchanged, compared to its average volume of 7,097. The stock’s 50-day moving average price is $9.25 and its 200-day moving average price is $9.53. The stock has a market cap of $114.03 million, a price-to-earnings ratio of 3.78 and a beta of 0.47. FinWise Bancorp has a fifty-two week low of $8.20 and a fifty-two week high of $21.86.

FinWise Bancorp (NASDAQ:FINWGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $20.04 million during the quarter, compared to analysts’ expectations of $19.54 million. FinWise Bancorp had a net margin of 31.91% and a return on equity of 23.37%. Research analysts anticipate that FinWise Bancorp will post 1.87 EPS for the current year.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on FinWise Bancorp to $13.00 in a research note on Friday, September 30th.

Insider Buying and Selling at FinWise Bancorp

In other FinWise Bancorp news, Director Jeana Hutchings acquired 5,200 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were acquired at an average price of $9.59 per share, for a total transaction of $49,868.00. Following the acquisition, the director now owns 10,200 shares in the company, valued at approximately $97,818. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 8,300 shares of company stock valued at $78,981 in the last quarter. Corporate insiders own 24.40% of the company’s stock.

Institutional Investors Weigh In On FinWise Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new position in shares of FinWise Bancorp during the first quarter worth about $109,000. JPMorgan Chase & Co. acquired a new position in shares of FinWise Bancorp in the first quarter worth about $111,000. TownSquare Capital LLC acquired a new position in shares of FinWise Bancorp in the second quarter worth about $112,000. UBS Group AG acquired a new position in shares of FinWise Bancorp in the first quarter worth about $122,000. Finally, BlackRock Inc. acquired a new position in shares of FinWise Bancorp in the first quarter worth about $152,000. Hedge funds and other institutional investors own 25.47% of the company’s stock.

About FinWise Bancorp

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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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