Piper Sandler analyst Andrew Liesch maintained a Buy rating on FinWise (FINW – Research Report) today and set a price target of $11.00. The company’s shares closed yesterday at $8.82.
Liesch covers the Financial sector, focusing on stocks such as First Busey, Southern Missouri Bancorp, and Central Valley Community Bancorp. According to TipRanks, Liesch has an average return of 1.6% and a 42.68% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FinWise with a $11.00 average price target.
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Based on FinWise’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $16.63 million and a net profit of $3.86 million. In comparison, last year the company earned a revenue of $24.64 million and had a net profit of $9.45 million
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FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank’s primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer.
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