Barclays PLC Purchases Shares of 3,035 FinWise Bancorp (NASDAQ:FINW)

Barclays PLC acquired a new position in shares of FinWise Bancorp (NASDAQ:FINW) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,035 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of FinWise Bancorp by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 91,608 shares of the company’s stock worth $1,429,000 after acquiring an additional 16,309 shares in the last quarter. Wasatch Advisors LP acquired a new position in FinWise Bancorp in the third quarter worth $6,209,000. Empowered Funds LLC grew its holdings in shares of FinWise Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 21,448 shares of the company’s stock worth $335,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of FinWise Bancorp by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 93,853 shares of the company’s stock valued at $958,000 after buying an additional 19,235 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FINW has been the topic of a number of research reports. Stephens upped their target price on shares of FinWise Bancorp from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Raymond James initiated coverage on FinWise Bancorp in a report on Wednesday, December 18th. They set an “outperform” rating and a $21.00 price objective on the stock.

FinWise Bancorp Trading Down 1.6 %

Shares of NASDAQ FINW opened at $16.37 on Friday. The company has a fifty day moving average price of $17.13 and a 200 day moving average price of $15.16. The firm has a market cap of $216.25 million, a PE ratio of 15.44 and a beta of 0.77. FinWise Bancorp has a 1-year low of $8.72 and a 1-year high of $20.50.

About FinWise Bancorp

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.