Financial Institutions, Inc. (FISI) Stake Boosted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC boosted its position in shares of Financial Institutions, Inc. (NASDAQ:FISI) by 24.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,852 shares of the bank’s stock after buying an additional 11,409 shares during the period. TIAA CREF Investment Management LLC owned 0.40% of Financial Institutions worth $1,906,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its position in shares of Financial Institutions by 39.6% in the first quarter. Acrospire Investment Management LLC now owns 4,715 shares of the bank’s stock worth $155,000 after buying an additional 1,338 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Financial Institutions during the fourth quarter worth approximately $218,000. American International Group Inc. boosted its position in shares of Financial Institutions by 1.1% in the first quarter. American International Group Inc. now owns 8,060 shares of the bank’s stock worth $266,000 after buying an additional 85 shares during the period. Karp Capital Management Corp bought a new position in shares of Financial Institutions during the first quarter worth approximately $269,000. Finally, TFS Capital LLC boosted its position in shares of Financial Institutions by 13.4% in the first quarter. TFS Capital LLC now owns 8,990 shares of the bank’s stock worth $296,000 after buying an additional 1,063 shares during the period. 61.91% of the stock is currently owned by institutional investors.

Financial Institutions, Inc. (NASDAQ FISI) opened at 27.15 on Friday. Financial Institutions, Inc. has a 1-year low of $25.98 and a 1-year high of $35.40. The stock has a market capitalization of $407.20 million, a PE ratio of 13.25 and a beta of 1.19. The stock’s 50 day moving average price is $29.05 and its 200 day moving average price is $31.59.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.08. Financial Institutions had a return on equity of 10.03% and a net margin of 20.08%. The business had revenue of $36.76 million during the quarter. On average, equities research analysts predict that Financial Institutions, Inc. will post $1.96 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/19/financial-institutions-inc-fisi-position-raised-by-tiaa-cref-investment-management-llc-updated.html.

A number of equities analysts have commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.50 price target on shares of Financial Institutions in a research note on Thursday, August 3rd. ValuEngine raised Financial Institutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 price target on shares of Financial Institutions in a research note on Wednesday, April 26th.

Financial Institutions Company Profile

Financial Institutions, Inc is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company.

Institutional Ownership by Quarter for Financial Institutions (NASDAQ:FISI)

What are top analysts saying about Financial Institutions Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Financial Institutions Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit