FinWise Bancorp (NASDAQ:FINW) Short Interest Update

FinWise Bancorp (NASDAQ:FINW) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 45,100 shares, a decline of 21.4% from the October 15th total of 57,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 2.5 days.

Analysts Set New Price Targets

Separately, Stephens boosted 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 Price Performance

NASDAQ FINW traded down $0.01 during trading on Friday, reaching $17.68. 9,542 shares of the company’s stock traded hands, compared to its average volume of 17,466. FinWise Bancorp has a 12-month low of $8.72 and a 12-month high of $17.98. The firm has a market cap of $233.55 million, a price-to-earnings ratio of 16.68 and a beta of 0.69. The company’s 50 day simple moving average is $15.84 and its two-hundred day simple moving average is $12.84.

Hedge Funds Weigh In On FinWise Bancorp

A number of large investors have recently bought and sold shares of FINW. Barclays PLC bought a new position in shares of FinWise Bancorp in the 3rd quarter worth $47,000. Quadrature Capital Ltd bought a new position in FinWise Bancorp in the first quarter worth about $164,000. Empowered Funds LLC lifted its position in shares of FinWise Bancorp by 8.0% during the first quarter. Empowered Funds LLC now owns 18,936 shares of the company’s stock valued at $190,000 after buying an additional 1,400 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of FinWise Bancorp in the 2nd quarter valued at about $221,000. Finally, Geode Capital Management LLC boosted its stake in FinWise Bancorp by 21.7% in the third quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock valued at $1,429,000 after acquiring an additional 16,309 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.