FinWise Bancorp (NASDAQ:FINW) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

FinWise Bancorp (NASDAQ:FINW) announced its earnings results on Monday. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05, Yahoo Finance reports. FinWise Bancorp had a return on equity of 11.69% and a net margin of 20.39%. During the same period in the previous year, the business posted $0.29 earnings per share.

FinWise Bancorp Trading Up 0.8 %

FINW stock opened at $10.73 on Tuesday. The stock has a market cap of $137.56 million, a PE ratio of 8.07 and a beta of 0.76. FinWise Bancorp has a 12 month low of $7.61 and a 12 month high of $14.98. The company has a 50-day moving average price of $9.87 and a 200 day moving average price of $11.18.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on FinWise Bancorp from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

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.