Financial Institutions (NASDAQ:FISI) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other analysts have also recently weighed in on the company. ValuEngine raised Financial Institutions from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Keefe, Bruyette & Woods cut Financial Institutions to a “market perform” rating and set a $35.00 price objective for the company. in a report on Thursday, March 15th. Finally, Zacks Investment Research cut Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Financial Institutions presently has an average rating of “Hold” and an average price target of $34.38.
Shares of NASDAQ:FISI opened at $33.95 on Wednesday. The stock has a market cap of $532.04 million, a price-to-earnings ratio of 17.50 and a beta of 1.15. Financial Institutions has a 1-year low of $25.65 and a 1-year high of $34.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.78 and a quick ratio of 0.78.
Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Thursday, April 26th. The bank reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). The firm had revenue of $38.61 million for the quarter. Financial Institutions had a return on equity of 9.10% and a net margin of 20.41%. sell-side analysts expect that Financial Institutions will post 2.4 EPS for the current year.
In other news, insider David G. Case sold 800 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $33.10, for a total transaction of $26,480.00. Following the completion of the transaction, the insider now directly owns 4,242 shares in the company, valued at approximately $140,410.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.34% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Financial Institutions during the 1st quarter worth about $422,000. LPL Financial LLC acquired a new position in shares of Financial Institutions during the 1st quarter worth about $311,000. United Capital Financial Advisers LLC acquired a new position in shares of Financial Institutions during the 1st quarter worth about $444,000. Maltese Capital Management LLC grew its position in shares of Financial Institutions by 14.4% during the 1st quarter. Maltese Capital Management LLC now owns 80,100 shares of the bank’s stock worth $2,371,000 after buying an additional 10,100 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Financial Institutions by 40.6% during the 1st quarter. Stifel Financial Corp now owns 19,546 shares of the bank’s stock worth $576,000 after buying an additional 5,648 shares during the period. Institutional investors own 69.70% of the company’s stock.
About Financial Institutions
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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