Shares of Financial Institutions, Inc. (NASDAQ:FISI) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus price target of $35.00 for the company and are expecting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Financial Institutions an industry rank of 30 out of 265 based on the ratings given to related companies.
A number of brokerages have weighed in on FISI. BidaskClub upgraded Financial Institutions from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Hovde Group reiterated a “buy” rating and issued a $36.00 target price on shares of Financial Institutions in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 target price on shares of Financial Institutions in a report on Thursday, October 26th.
Shares of Financial Institutions (FISI) opened at $31.40 on Thursday. The firm has a market capitalization of $490.66, a P/E ratio of 16.19 and a beta of 1.16. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. Financial Institutions has a 1-year low of $25.65 and a 1-year high of $35.40.
Financial Institutions (NASDAQ:FISI) last issued its earnings results on Monday, January 29th. The bank reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The business had revenue of $38.75 million during the quarter. Financial Institutions had a return on equity of 9.31% and a net margin of 20.34%. equities analysts anticipate that Financial Institutions will post 2.34 EPS for the current year.
In other news, Director Robert M. Glaser acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $32.34 per share, for a total transaction of $32,340.00. Following the completion of the acquisition, the director now directly owns 13,451 shares in the company, valued at approximately $435,005.34. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph L. Dugan acquired 930 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $32.15 per share, with a total value of $29,899.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 6,496 shares of company stock valued at $207,123. 5.49% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new stake in shares of Financial Institutions during the fourth quarter valued at approximately $113,000. SG Americas Securities LLC bought a new stake in shares of Financial Institutions during the third quarter valued at approximately $139,000. Cutler Capital Management LLC bought a new stake in shares of Financial Institutions during the fourth quarter valued at approximately $187,000. MetLife Investment Advisors LLC bought a new stake in shares of Financial Institutions during the fourth quarter valued at approximately $201,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Financial Institutions during the fourth quarter valued at approximately $224,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.
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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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