Shares of FinWise Bancorp (NASDAQ:FINW – Get Rating) dropped 0.6% during trading on Friday . The stock traded as low as $8.82 and last traded at $8.94. Approximately 6,771 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 7,437 shares. The stock had previously closed at $8.99.
Analyst Upgrades and Downgrades
Separately, Piper Sandler reduced their price target on shares of FinWise Bancorp to $13.00 in a research note on Friday, September 30th.
FinWise Bancorp Trading Down 0.6 %
The firm has a market cap of $115.19 million, a PE ratio of 3.82 and a beta of 0.47. The business’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.53.
Insider Buying and Selling at FinWise Bancorp
In other FinWise Bancorp news, Director Jeana Hutchings bought 5,200 shares of the business’s stock in a transaction on Friday, October 28th. The shares were acquired at an average price of $9.59 per share, with a total value of $49,868.00. Following the transaction, the director now owns 10,200 shares of the company’s stock, valued at approximately $97,818. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 8,300 shares of company stock valued at $78,981. Company insiders own 24.40% of the company’s stock.
Institutional Trading of FinWise Bancorp
Institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. bought a new stake in shares of FinWise Bancorp in the 1st quarter valued at about $109,000. JPMorgan Chase & Co. bought a new stake in shares of FinWise Bancorp in the 1st quarter valued at about $111,000. UBS Group AG bought a new stake in shares of FinWise Bancorp in the 1st quarter valued at about $122,000. BlackRock Inc. bought a new stake in shares of FinWise Bancorp in the 1st quarter valued at about $152,000. Finally, TownSquare Capital LLC bought a new stake in shares of FinWise Bancorp in the 2nd quarter valued at about $112,000. 25.47% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on FinWise Bancorp (FINW)
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