Emerald Mutual Fund Advisers Trust Has $872,000 Position in FinWise Bancorp (NASDAQ:FINW)

Emerald Mutual Fund Advisers Trust cut its holdings in FinWise Bancorp (NASDAQ:FINW) by 11.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,424 shares of the company’s stock after selling 11,024 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in FinWise Bancorp were worth $872,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. US Bancorp DE acquired a new stake in FinWise Bancorp in the 4th quarter valued at approximately $5,023,000. Quadrature Capital Ltd bought a new stake in shares of FinWise Bancorp in the first quarter valued at approximately $164,000. Vanguard Group Inc. grew its stake in shares of FinWise Bancorp by 6.9% in the first quarter. Vanguard Group Inc. now owns 376,802 shares of the company’s stock worth $3,787,000 after acquiring an additional 24,457 shares during the last quarter. Norden Group LLC increased its position in FinWise Bancorp by 100.0% during the first quarter. Norden Group LLC now owns 28,400 shares of the company’s stock worth $285,000 after acquiring an additional 14,200 shares during the period. Finally, Empowered Funds LLC raised its stake in FinWise Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,936 shares of the company’s stock valued at $190,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

FinWise Bancorp Price Performance

Shares of FinWise Bancorp stock opened at $13.10 on Friday. The company has a market cap of $167.60 million, a PE ratio of 10.16 and a beta of 0.68. The firm has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $10.75. FinWise Bancorp has a fifty-two week low of $8.31 and a fifty-two week high of $14.98.

FinWise Bancorp (NASDAQ:FINW) last released its earnings results on Thursday, July 25th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. FinWise Bancorp had a net margin of 16.64% and a return on equity of 9.75%. The business had revenue of $23.26 million during the quarter, compared to analysts’ expectations of $19.49 million. During the same quarter last year, the company earned $0.35 earnings per share. Analysts expect that FinWise Bancorp will post 0.91 earnings per share for the current fiscal year.

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.