Global Retirement Partners LLC Invests $405,000 in FinWise Bancorp $FINW

Global Retirement Partners LLC acquired a new stake in shares of FinWise Bancorp (NASDAQ:FINW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,000 shares of the company’s stock, valued at approximately $405,000. Global Retirement Partners LLC owned approximately 0.20% of FinWise Bancorp as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in FinWise Bancorp by 109.3% in the second quarter. Geode Capital Management LLC now owns 204,323 shares of the company’s stock valued at $3,068,000 after acquiring an additional 106,683 shares during the last quarter. US Bancorp DE boosted its holdings in shares of FinWise Bancorp by 22.2% in the 2nd quarter. US Bancorp DE now owns 429,048 shares of the company’s stock worth $6,440,000 after purchasing an additional 78,000 shares in the last quarter. Militia Capital Partners LP increased its position in shares of FinWise Bancorp by 16,566.7% during the 1st quarter. Militia Capital Partners LP now owns 50,000 shares of the company’s stock valued at $876,000 after purchasing an additional 49,700 shares during the last quarter. Andina Capital Management LLC purchased a new position in shares of FinWise Bancorp during the 1st quarter valued at about $805,000. Finally, Goldman Sachs Group Inc. lifted its position in FinWise Bancorp by 186.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,136 shares of the company’s stock worth $703,000 after buying an additional 26,115 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FINW has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of FinWise Bancorp in a report on Monday, November 24th. Hovde Group boosted their price target on shares of FinWise Bancorp from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Insider Transactions at FinWise Bancorp

In other FinWise Bancorp news, insider Robert Keil sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $19.48, for a total value of $29,220.00. Following the completion of the sale, the insider directly owned 56,428 shares in the company, valued at $1,099,217.44. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Howard I. Reynolds bought 2,297 shares of FinWise Bancorp stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $18.95 per share, for a total transaction of $43,528.15. Following the acquisition, the director directly owned 38,105 shares in the company, valued at approximately $722,089.75. This trade represents a 6.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 21.30% of the company’s stock.

FinWise Bancorp Stock Up 0.6%

Shares of FINW opened at $18.16 on Monday. The stock has a market capitalization of $246.79 million, a P/E ratio of 17.13 and a beta of 0.82. FinWise Bancorp has a twelve month low of $13.48 and a twelve month high of $22.49. The firm has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $17.40.

FinWise Bancorp (NASDAQ:FINW) last posted its earnings results on Wednesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. FinWise Bancorp had a return on equity of 8.31% and a net margin of 12.13%.The company had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $27.87 million. Sell-side analysts expect that FinWise Bancorp will post 1.03 EPS for the current fiscal year.

FinWise Bancorp 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.