FinWise Bancorp (NASDAQ:FINW) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

FinWise Bancorp (NASDAQ:FINW)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $14.43 and traded as high as $14.82. FinWise Bancorp shares last traded at $14.71, with a volume of 45,740 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research raised FinWise Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of FinWise Bancorp in a report on Friday, October 30th. Wall Street Zen raised FinWise Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James Financial restated an “outperform” rating and issued a $15.00 price objective on shares of FinWise Bancorp in a research note on Thursday, October 29th. Finally, Stephens downgraded shares of FinWise Bancorp from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.50.

FinWise Bancorp Stock Performance

The company’s 50 day moving average price is $12.09 and its 200-day moving average price is $14.43. The company has a market cap of $204.17 million, a PE ratio of 10.90 and a beta of 0.70.

FinWise Bancorp (NASDAQ:FINW) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.57. FinWise Bancorp had a net margin of 7.03% and a return on equity of 9.78%. The company had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $41.62 million. Equities research analysts expect that FinWise Bancorp will post 1.14 EPS for the current year.

Institutional Trading of FinWise Bancorp

A number of large investors have recently bought and sold shares of the company. Globeflex Capital L P bought a new stake in shares of FinWise Bancorp in the second quarter valued at $48,000. Russell Investments Group Ltd. lifted its position in shares of FinWise Bancorp by 70.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,329 shares of the company’s stock valued at $71,000 after buying an additional 2,623 shares during the last quarter. Deutsche Bank AG bought a new position in shares of FinWise Bancorp during the 2nd quarter worth $139,000. IFP Advisors Inc bought a new position in shares of FinWise Bancorp during the 2nd quarter worth $174,000. Finally, Squarepoint Ops LLC bought a new position in shares of FinWise Bancorp during the 2nd quarter worth $174,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

FinWise Bancorp Company Profile

FinWise Bancorp is the bank holding company for FinWise Bank, a Utah-chartered financial institution headquartered in Murray, Utah. Through its subsidiary, the company provides banking and lending services to consumers, small businesses and commercial customers. FinWise Bank operates a strategic lending platform that partners with fintech companies, loan originators and other third parties to support the origination and servicing of consumer and small-business loans. Its offerings also include commercial lending, small business lending, Small Business Administration loans, commercial real estate financing and other credit products.