Empowered Funds LLC Raises Position in FinWise Bancorp (NASDAQ:FINW)

Empowered Funds LLC lifted its stake in FinWise Bancorp (NASDAQ:FINW) by 5.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,448 shares of the company’s stock after acquiring an additional 1,072 shares during the period. Empowered Funds LLC’s holdings in FinWise Bancorp were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FINW. Dimensional Fund Advisors LP increased its holdings in FinWise Bancorp by 25.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock worth $958,000 after acquiring an additional 19,235 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in FinWise Bancorp during the second quarter valued at approximately $221,000. Quadrature Capital Ltd bought a new position in shares of FinWise Bancorp in the first quarter worth approximately $164,000. Finally, Vanguard Group Inc. increased its stake in shares of FinWise Bancorp by 6.9% in the first quarter. Vanguard Group Inc. now owns 376,802 shares of the company’s stock worth $3,787,000 after purchasing an additional 24,457 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens lifted their target price on shares of 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 Trading Up 1.2 %

NASDAQ:FINW opened at $18.05 on Tuesday. The stock has a 50-day moving average price of $16.20 and a 200 day moving average price of $13.09. The stock has a market capitalization of $238.44 million, a P/E ratio of 17.03 and a beta of 0.69. FinWise Bancorp has a 12-month low of $8.72 and a 12-month high of $18.50.

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.