FinWise Bancorp (NASDAQ:FINW) Short Interest Update

FinWise Bancorp (NASDAQ:FINW) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 39,000 shares, a growth of 7.7% from the December 15th total of 36,200 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 18,700 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FINW. Raymond James assumed coverage on shares of FinWise Bancorp in a research report on Wednesday, December 18th. They set an “outperform” rating and a $21.00 price target on the stock. Stephens lifted their target price on FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th.

FinWise Bancorp Price Performance

Shares of FinWise Bancorp stock traded down $0.04 on Friday, hitting $16.41. The company had a trading volume of 10,827 shares, compared to its average volume of 15,122. The stock has a 50-day moving average of $17.24 and a 200-day moving average of $14.98. FinWise Bancorp has a twelve month low of $8.72 and a twelve month high of $20.50. The firm has a market capitalization of $216.78 million, a P/E ratio of 15.48 and a beta of 0.77.

Hedge Funds Weigh In On FinWise Bancorp

Large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in FinWise Bancorp during the 3rd quarter worth approximately $47,000. Geode Capital Management LLC boosted its holdings in FinWise Bancorp by 21.7% during the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after purchasing an additional 16,309 shares during the last quarter. Wasatch Advisors LP bought a new position in FinWise Bancorp in the third quarter valued at $6,209,000. Empowered Funds LLC increased its stake in FinWise Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock valued at $335,000 after buying an additional 1,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in FinWise Bancorp by 25.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock worth $958,000 after buying an additional 19,235 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

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.