Financial Institutions Stock Rating Lowered by Zacks (FISI)
Financial Institutions (NASDAQ:FISI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday, Analyst Ratings Network.com reports. They currently have a $20.30 price objective on the stock. Zacks‘ price target points to a potential downside of 4.92% from the stock’s previous close.
Financial Institutions (NASDAQ:FISI) traded down 1.93% during mid-day trading on Monday, hitting $21.35. 15,260 shares of the company’s stock traded hands. Financial Institutions has a 1-year low of $17.92 and a 1-year high of $26.59. The stock’s 50-day moving average is $22.16 and its 200-day moving average is $21.98. The company has a market cap of $293.6 million and a price-to-earnings ratio of 12.44.
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. On average, analysts predict that Financial Institutions will post $1.89 earnings per share for the current fiscal year.
In other Financial Institutions news, EVP Jeffrey Patrick Kenefick purchased 2,585 shares of Financial Institutions stock on the open market in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $20.51 per share, for a total transaction of $53,018.35. Following the completion of the transaction, the executive vice president now directly owns 1,882 shares in the company, valued at approximately $38,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Financial Institutions, Inc (NASDAQ:FISI) is a financial holding company.
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