FinWise Bancorp (NASDAQ:FINW) Upgraded to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of FinWise Bancorp (NASDAQ:FINW – Free Report) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Several other equities analysts have also issued reports on the stock. Stephens lowered shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 price objective on shares of FinWise Bancorp in a research note on Friday, July 31st. Zacks Research downgraded FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of FinWise Bancorp in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

Read Our Latest Stock Report on FINW

FinWise Bancorp Price Performance

FinWise Bancorp stock opened at $10.68 on Friday. The firm has a market capitalization of $148.24 million, a price-to-earnings ratio of 11.12 and a beta of 0.73. The company’s 50 day simple moving average is $12.68 and its 200 day simple moving average is $13.94. FinWise Bancorp has a fifty-two week low of $10.49 and a fifty-two week high of $19.86.

FinWise Bancorp (NASDAQ:FINW – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.09). The firm had revenue of $54.34 million during the quarter, compared to the consensus estimate of $47.11 million. FinWise Bancorp had a net margin of 6.76% and a return on equity of 7.04%. As a group, analysts predict that FinWise Bancorp will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Globeflex Capital L P acquired a new stake in FinWise Bancorp in the 2nd quarter valued at approximately $48,000. Deutsche Bank AG bought a new stake in FinWise Bancorp in the 2nd quarter valued at approximately $139,000. IFP Advisors Inc bought a new stake in FinWise Bancorp in the 2nd quarter valued at approximately $174,000. Squarepoint Ops LLC acquired a new position in FinWise Bancorp during the 2nd quarter worth approximately $174,000. Finally, Global Retirement Partners LLC acquired a new position in FinWise Bancorp during the 2nd quarter worth approximately $178,000. 35.41% of the stock is currently owned by institutional investors.

About FinWise Bancorp

(Get Free Report)

FinWise Bancorp is the bank holding company for FinWise Bank, a federally insured Utah-chartered financial institution headquartered in Murray, Utah. The company provides banking and lending services to consumers, small businesses and commercial customers.

FinWise Bank operates a technology-focused banking platform that works with fintech companies and other business partners to originate and service consumer and small-business loans. Its activities include personal lending, commercial lending, Small Business Administration lending, loan servicing and deposit products.

Through its partner-based model, FinWise Bank provides program management, compliance support, underwriting and other banking services that enable third-party companies to offer financial products.

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