FinWise Bancorp (NASDAQ:FINW) Issues Earnings Results

FinWise Bancorp (NASDAQ:FINW) released its quarterly earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. FinWise Bancorp had a net margin of 14.78% and a return on equity of 8.63%.

FinWise Bancorp Trading Up 2.4 %

FinWise Bancorp stock traded up $0.39 during trading on Thursday, reaching $16.62. The company had a trading volume of 12,247 shares, compared to its average volume of 14,897. The firm’s 50-day simple moving average is $17.05 and its 200 day simple moving average is $15.32. FinWise Bancorp has a 52 week low of $8.72 and a 52 week high of $20.50. The firm has a market capitalization of $219.55 million, a price-to-earnings ratio of 15.68 and a beta of 0.77.

Wall Street Analyst Weigh In

FINW has been the topic of a number of recent research reports. Raymond James initiated coverage on FinWise Bancorp in a report on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 target price on the stock. Stephens increased their price objective on shares of FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th.

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.