Barclays PLC Has $179,000 Position in FinWise Bancorp (NASDAQ:FINW)

Barclays PLC increased its position in shares of FinWise Bancorp (NASDAQ:FINW) by 269.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,204 shares of the company’s stock after buying an additional 8,169 shares during the period. Barclays PLC’s holdings in FinWise Bancorp were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Geode Capital Management LLC raised its position in FinWise Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 93,428 shares of the company’s stock valued at $1,494,000 after purchasing an additional 1,820 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

FinWise Bancorp Price Performance

FINW opened at $15.05 on Wednesday. The stock has a 50-day moving average price of $15.77 and a 200-day moving average price of $17.06. The firm has a market cap of $198.89 million, a PE ratio of 16.01 and a beta of 0.86. FinWise Bancorp has a 1 year low of $10.02 and a 1 year high of $20.94.

FinWise Bancorp (NASDAQ:FINW) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $18.54 million for the quarter, compared to analysts’ expectations of $22.38 million. FinWise Bancorp had a net margin of 13.23% and a return on equity of 7.67%. As a group, sell-side analysts anticipate that FinWise Bancorp will post 1.03 EPS for the current year.

Wall Street Analyst Weigh In

FINW has been the subject of several recent research reports. Hovde Group decreased their price target on FinWise Bancorp from $19.00 to $18.50 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Stephens increased their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler lifted their price objective on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 31st.

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.