FinWise Bancorp (NASDAQ:FINW) Research Coverage Started at Raymond James

Raymond James started coverage on shares of FinWise Bancorp (NASDAQ:FINW) in a research report sent to investors on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $21.00 price objective on the stock.

Separately, Stephens increased their price target on FinWise Bancorp from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th.

FinWise Bancorp Stock Up 0.7 %

Shares of NASDAQ FINW opened at $16.86 on Wednesday. The business’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $14.08. The company has a market cap of $222.74 million, a PE ratio of 15.91 and a beta of 0.72. FinWise Bancorp has a twelve month low of $8.72 and a twelve month high of $20.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of FinWise Bancorp during the third quarter worth approximately $47,000. Geode Capital Management LLC grew its holdings in FinWise Bancorp by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after buying an additional 16,309 shares in the last quarter. Wasatch Advisors LP bought a new position in FinWise Bancorp during the 3rd quarter worth $6,209,000. Empowered Funds LLC lifted its holdings in shares of FinWise Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after buying an additional 1,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock valued at $958,000 after acquiring an additional 19,235 shares during the period. 35.41% of the stock is owned by institutional investors.

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.