Financial Institutions, Inc. (NASDAQ:FISI) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price objective of $35.00 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Financial Institutions an industry rank of 20 out of 265 based on the ratings given to its competitors.
A number of research firms have commented on FISI. BidaskClub downgraded shares of Financial Institutions from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of Financial Institutions in a research report on Thursday, October 26th. Finally, Hovde Group reissued a “buy” rating and set a $36.00 target price on shares of Financial Institutions in a research report on Friday, February 2nd.
In other news, Director Robert M. Glaser purchased 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average cost of $32.34 per share, for a total transaction of $32,340.00. Following the acquisition, the director now owns 13,451 shares of the company’s stock, valued at $435,005.34. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew W. Dorn, Jr. purchased 1,557 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $30.95 per share, for a total transaction of $48,189.15. Following the completion of the acquisition, the director now directly owns 16,999 shares in the company, valued at approximately $526,119.05. The disclosure for this purchase can be found here. Insiders bought a total of 6,496 shares of company stock worth $207,123 over the last 90 days. Company insiders own 5.49% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new stake in shares of Financial Institutions in the 4th quarter valued at about $113,000. SG Americas Securities LLC bought a new stake in shares of Financial Institutions in the 3rd quarter valued at about $139,000. Cutler Capital Management LLC bought a new stake in shares of Financial Institutions in the 4th quarter valued at about $187,000. MetLife Investment Advisors LLC bought a new stake in shares of Financial Institutions in the 4th quarter valued at about $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Financial Institutions in the 2nd quarter valued at about $216,000. Institutional investors and hedge funds own 69.20% of the company’s stock.
Financial Institutions (FISI) traded up $0.15 during midday trading on Thursday, reaching $31.10. 36,040 shares of the company’s stock were exchanged, compared to its average volume of 50,107. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $478.95, a P/E ratio of 14.67 and a beta of 1.16. Financial Institutions has a 1-year low of $25.65 and a 1-year high of $35.40.
Financial Institutions (NASDAQ:FISI) last posted its earnings results on Monday, January 29th. The bank reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates 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 research analysts expect that Financial Institutions will post 2.34 earnings per share for the current year.
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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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