Financial Institutions (FISI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Financial Institutions (NASDAQ:FISI) from a strong sell rating to a sell rating in a research note published on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Hovde Group reaffirmed a buy rating and issued a $36.00 price objective on shares of Financial Institutions in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $33.00 price objective on shares of Financial Institutions in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Financial Institutions currently has an average rating of Hold and an average price target of $33.50.

Shares of Financial Institutions (NASDAQ:FISI) opened at $30.80 on Wednesday. The company has a market cap of $472.70, a price-to-earnings ratio of 14.53 and a beta of 1.16. Financial Institutions has a 52-week low of $25.65 and a 52-week high of $35.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

Financial Institutions (NASDAQ:FISI) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $38.75 million for the quarter. Financial Institutions had a net margin of 20.34% and a return on equity of 9.31%. equities analysts predict that Financial Institutions will post 2.12 earnings per share for the current fiscal year.

In other Financial Institutions news, Director Andrew W. Dorn, Jr. purchased 1,557 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $30.95 per share, with a total value of $48,189.15. Following the transaction, the director now directly owns 16,999 shares of the company’s stock, valued at approximately $526,119.05. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Martin Kearney Birmingham purchased 1,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the transaction, the chief executive officer now directly owns 82,916 shares in the company, valued at $2,624,291.40. The disclosure for this purchase can be found here. Insiders purchased a total of 6,496 shares of company stock worth $207,123 over the last ninety days. 5.49% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of FISI. Dimensional Fund Advisors LP lifted its position in Financial Institutions by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 967,271 shares of the bank’s stock worth $28,825,000 after buying an additional 77,202 shares in the last quarter. Bailard Inc. bought a new stake in Financial Institutions during the 4th quarter worth about $2,239,000. American Century Companies Inc. lifted its position in Financial Institutions by 536.0% during the 4th quarter. American Century Companies Inc. now owns 71,497 shares of the bank’s stock worth $2,224,000 after buying an additional 60,256 shares in the last quarter. Maltese Capital Management LLC lifted its position in Financial Institutions by 231.8% during the 4th quarter. Maltese Capital Management LLC now owns 70,000 shares of the bank’s stock worth $2,177,000 after buying an additional 48,900 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Financial Institutions by 103.6% during the 3rd quarter. Citadel Advisors LLC now owns 94,620 shares of the bank’s stock worth $2,725,000 after buying an additional 48,141 shares in the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.

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About Financial Institutions

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.

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