Kevin B. Klotzbach Purchases 1,000 Shares of Financial Institutions Stock (FISI)
Financial Institutions (NASDAQ:FISI) CFO Kevin B. Klotzbach acquired 1,000 shares of Financial Institutions stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $20.69 per share, for a total transaction of $20,690.00. Following the purchase, the chief financial officer now directly owns 9,623 shares of the company’s stock, valued at approximately $199,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Financial Institutions (NASDAQ:FISI) traded up 2.51% during mid-day trading on Wednesday, hitting $20.46. The stock had a trading volume of 101,373 shares. Financial Institutions has a 52 week low of $17.92 and a 52 week high of $26.59. The stock has a 50-day moving average of $22.78 and a 200-day moving average of $22.0. The company has a market cap of $282.9 million and a P/E ratio of 11.41.
Financial Institutions (NASDAQ:FISI) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.04. Analysts expect that Financial Institutions will post $1.89 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Financial Institutions from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 28th. They now have a $28.20 price target on the stock.
Financial Institutions, Inc (NASDAQ:FISI) is a financial holding company.
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