Short Interest in FinWise Bancorp (NASDAQ:FINW) Increases By 7.7%

FinWise Bancorp (NASDAQ:FINW) was the recipient of a significant growth in short interest in the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 18,700 shares, the days-to-cover ratio is presently 2.1 days.

FinWise Bancorp Trading Down 0.2 %

FINW traded down $0.04 on Monday, hitting $16.41. 10,827 shares of the company’s stock traded hands, compared to its average volume of 15,122. The company’s 50 day simple moving average is $17.24 and its 200-day simple moving average is $15.01. The firm has a market cap of $216.78 million, a price-to-earnings ratio of 15.48 and a beta of 0.77. FinWise Bancorp has a one year low of $8.72 and a one year high of $20.50.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FINW shares. Stephens raised their price objective on FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Raymond James started coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 price objective on the stock.

Institutional Trading of FinWise Bancorp

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