FinWise Bancorp (NASDAQ:FINW – Get Rating) insider Michael Christopher Obrien purchased 5,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of $10.12 per share, for a total transaction of $50,600.00. Following the acquisition, the insider now owns 18,236 shares of the company’s stock, valued at $184,548.32. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
FinWise Bancorp Stock Performance
NASDAQ:FINW opened at $9.56 on Tuesday. The company’s 50 day moving average price is $10.95 and its 200-day moving average price is $15.10. FinWise Bancorp has a 52 week low of $8.78 and a 52 week high of $21.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On FinWise Bancorp
A number of institutional investors have recently made changes to their positions in FINW. Wasatch Advisors Inc. purchased a new stake in shares of FinWise Bancorp during the fourth quarter valued at approximately $7,264,000. Vanguard Group Inc. boosted its holdings in FinWise Bancorp by 870.4% in the first quarter. Vanguard Group Inc. now owns 194,080 shares of the company’s stock worth $3,329,000 after purchasing an additional 174,080 shares during the last quarter. Full18 Capital LLC purchased a new stake in FinWise Bancorp in the first quarter worth approximately $1,936,000. EAM Investors LLC purchased a new stake in FinWise Bancorp in the first quarter worth approximately $1,365,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in FinWise Bancorp in the fourth quarter worth approximately $541,000. Hedge funds and other institutional investors own 26.84% 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. It offers various deposit products, including interest and noninterest bearing demand, NOW, money market, and checking and savings accounts, as well as time deposits and certificates of deposits.
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