FinWise Bancorp price target raised to $22 from $20 at Piper Sandler

Piper Sandler raised the firm’s price target on FinWise Bancorp (FINW) to $22 from $20 and keeps an Overweight rating on the shares. The firm notes FinWise reported Q4 EPS of 20c, though excluding fair value marks and a charge for calling higher-cost CDs early, Piper puts the core number at 27c. This topped the firm’s estimate by 10c and the Street consensus by 7c.