FinWise Bancorp (NASDAQ:FINW) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

FinWise Bancorp (NASDAQ:FINW) issued its quarterly earnings data on Monday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. FinWise Bancorp had a return on equity of 7.67% and a net margin of 13.23%.

FinWise Bancorp Price Performance

Shares of NASDAQ FINW opened at $19.69 on Wednesday. The stock has a market capitalization of $260.10 million, a price-to-earnings ratio of 20.95 and a beta of 0.80. The business has a 50-day moving average of $17.06 and a 200-day moving average of $15.53. FinWise Bancorp has a fifty-two week low of $8.72 and a fifty-two week high of $20.50.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FINW. Raymond James initiated coverage on FinWise Bancorp in a research note on Wednesday, December 18th. They set an “outperform” rating and a $21.00 price objective on the stock. Piper Sandler increased their target price on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Stephens increased their target price on FinWise Bancorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 31st.

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.