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

Posted by William Tyler on Apr 30th, 2024

FinWise Bancorp (NASDAQ:FINW – Get Free Report) posted its earnings results on Monday. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.29 earnings per share.

FinWise Bancorp Trading Up 0.8 %

FINW opened at $10.73 on Tuesday. The stock has a 50-day moving average price of $9.88 and a 200-day moving average price of $11.19. FinWise Bancorp has a 12-month low of $7.61 and a 12-month high of $14.98. The stock has a market capitalization of $137.56 million, a P/E ratio of 8.07 and a beta of 0.76.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on FINW

About FinWise Bancorp

(Get Free Report)

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.