Financial Institutions, Inc. (NASDAQ:FISI) insider David G. Case sold 800 shares of the stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $33.10, for a total transaction of $26,480.00. Following the sale, the insider now directly owns 4,242 shares of the company’s stock, valued at approximately $140,410.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
FISI traded up $0.20 on Thursday, reaching $32.95. 35,048 shares of the company’s stock were exchanged, compared to its average volume of 41,822. The company has a market cap of $527.27 million, a PE ratio of 16.98 and a beta of 1.15. Financial Institutions, Inc. has a twelve month low of $25.65 and a twelve month high of $34.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.78 and a current ratio of 0.78.
Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings data on Thursday, April 26th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Financial Institutions had a net margin of 20.41% and a return on equity of 9.10%. The firm had revenue of $38.61 million during the quarter. sell-side analysts predict that Financial Institutions, Inc. will post 2.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Thursday, June 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, June 13th. Financial Institutions’s dividend payout ratio (DPR) is 49.48%.
Large investors have recently modified their holdings of the business. Ramsey Quantitative Systems acquired a new stake in Financial Institutions in the fourth quarter valued at approximately $113,000. SG Americas Securities LLC acquired a new stake in Financial Institutions in the first quarter valued at approximately $141,000. MetLife Investment Advisors LLC acquired a new stake in Financial Institutions in the fourth quarter valued at approximately $201,000. UBS Asset Management Americas Inc. acquired a new stake in Financial Institutions in the fourth quarter valued at approximately $224,000. Finally, LPL Financial LLC acquired a new stake in Financial Institutions in the first quarter valued at approximately $311,000. 70.18% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the stock. BidaskClub raised shares of Financial Institutions from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. ValuEngine downgraded shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods downgraded shares of Financial Institutions to a “market perform” rating and set a $35.00 target price for the company. in a research report on Thursday, March 15th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.38.
Financial Institutions Company Profile
Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.
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