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

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

FinWise Bancorp Stock Performance

FINW traded up $0.39 during trading on Thursday, hitting $16.62. 12,247 shares of the stock were exchanged, compared to its average volume of 14,829. FinWise Bancorp has a 1 year low of $8.72 and a 1 year high of $20.50. The firm has a 50 day simple moving average of $17.05 and a 200 day simple moving average of $15.32. The firm has a market cap of $219.55 million, a price-to-earnings ratio of 15.68 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FINW shares. Raymond James initiated coverage on FinWise Bancorp in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $21.00 price target for the company. Stephens increased their price target 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 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.