Siena Capital Partners GP LLC Sells 45,535 Shares of FinWise Bancorp $FINW

Siena Capital Partners GP LLC lessened its holdings in FinWise Bancorp (NASDAQ:FINW) by 33.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,588 shares of the company’s stock after selling 45,535 shares during the quarter. Siena Capital Partners GP LLC owned approximately 0.67% of FinWise Bancorp worth $1,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FINW. Bank of America Corp DE grew its position in FinWise Bancorp by 4,847.1% in the 4th quarter. Bank of America Corp DE now owns 3,463 shares of the company’s stock valued at $55,000 after acquiring an additional 3,393 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in FinWise Bancorp in the 1st quarter valued at $104,000. Goldman Sachs Group Inc. grew its position in shares of FinWise Bancorp by 186.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,136 shares of the company’s stock worth $703,000 after buying an additional 26,115 shares in the last quarter. Empowered Funds LLC grew its position in shares of FinWise Bancorp by 7.1% during the 1st quarter. Empowered Funds LLC now owns 24,052 shares of the company’s stock worth $421,000 after buying an additional 1,591 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of FinWise Bancorp by 169.2% during the 1st quarter. Jane Street Group LLC now owns 33,196 shares of the company’s stock worth $581,000 after buying an additional 20,866 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FINW shares. Weiss Ratings downgraded FinWise Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded FinWise Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Finally, Zacks Research downgraded FinWise Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.00.

FinWise Bancorp Price Performance

Shares of FINW stock opened at $14.66 on Monday. FinWise Bancorp has a 1-year low of $12.82 and a 1-year high of $22.49. The stock’s 50-day moving average is $15.06 and its 200 day moving average is $16.60. The company has a market cap of $200.99 million, a P/E ratio of 13.33 and a beta of 0.70.

FinWise Bancorp (NASDAQ:FINW) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). FinWise Bancorp had a net margin of 9.05% and a return on equity of 8.24%. The company had revenue of $24.33 million for the quarter, compared to the consensus estimate of $50.48 million. On average, analysts anticipate that FinWise Bancorp will post 1.18 EPS for the current year.

FinWise Bancorp announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that authorizes the company to buyback 685,000,000,000 outstanding shares. This buyback authorization authorizes the company to buy up to 5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About FinWise Bancorp

FinWise Bancorp is the bank holding company for FinWise Bank, a digital‐first community bank headquartered in Lindon, Utah. The company specializes in providing commercial lending and deposit products to marketplace lending platforms, fintech companies and small to mid‐sized businesses across the United States. FinWise Bancorp operates through its wholly owned subsidiary, FinWise Bank, which is FDIC‐insured and leverages a technology‐driven model to deliver banking services efficiently.

The company’s primary business activities include participant financing arrangements for marketplace lenders and other fintech platforms, as well as direct commercial loans.