Last Updated: 09 Nov 2024
Executive Summary
Finwise Bancorp (FINW) is a publicly traded banking holding company with a market capitalization of $230.67 million. The company operates in the state commercial banks industry and offers various banking services to individual and corporate clients. Finwise Bancorp has a strong financial position with a trailing price-to-earnings ratio of 14.8, a price-to-book ratio of 1.35, and a return on equity of 8.8%. The company's stock price has been trending upward in recent months and is currently trading at $17.46.
Company Overview
Finwise Bancorp is headquartered in Murray, Utah, and has been in operation since 2007. The company has a network of branches and ATMs throughout the state of Utah. Finwise Bancorp offers a range of banking products and services, including checking and savings accounts, loans, and investment services. The company also provides online and mobile banking services.
Fundamental Analysis
Finwise Bancorp's financial performance has been solid in recent years. The company's revenue has grown at an average annual rate of 10% over the past five years. Net income has also grown at a healthy pace, averaging 15% annual growth over the same period. Finwise Bancorp has a strong balance sheet with low levels of debt and ample liquidity. The company's capital ratios are also well above regulatory requirements.
Technical Analysis
Finwise Bancorp's stock price has been trending upward in recent months. The stock broke out of a consolidation pattern in early 2023 and has since rallied to new highs. The stock is currently trading above its 50- and 200-day moving averages, which is a bullish sign. The relative strength index (RSI) is also in bullish territory, indicating that the stock is not overbought.
Short Term Outlook
The short-term outlook for Finwise Bancorp is positive. The stock is trading near its all-time high and is showing no signs of slowing down. The company's strong financial performance and positive technical indicators suggest that the stock could continue to move higher in the near term.
Long Term Outlook
The long-term outlook for Finwise Bancorp is also positive. The company is well-positioned to benefit from the growing economy in Utah. The company's strong financial position and experienced management team should allow it to continue to grow its market share and profitability in the years to come.
Analyst Recommendations
Analysts are generally positive on Finwise Bancorp. The consensus analyst rating is "buy" with an average target price of $18.50. This implies a potential upside of 6.0% from the current price.
