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

FinWise Bancorp (NASDAQ:FINW) released its quarterly earnings data 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 11.20% and a net margin of 18.63%. The company had revenue of $23.11 million for the quarter, compared to the consensus estimate of $19.68 million. During the same period last year, the business posted $0.29 EPS.

FinWise Bancorp Trading Down 0.9 %

Shares of FinWise Bancorp stock opened at $10.51 on Thursday. The company has a fifty day moving average price of $9.89 and a 200 day moving average price of $11.20. FinWise Bancorp has a twelve month low of $7.61 and a twelve month high of $14.98. The stock has a market cap of $134.42 million, a price-to-earnings ratio of 8.15 and a beta of 0.71.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of FinWise Bancorp from $15.00 to $17.00 and gave the company an “overweight” rating in a 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.