Financial Institutions, Inc. (NASDAQ:FISI) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 1-year consensus price target of $35.00 for the company and are forecasting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned Financial Institutions an industry rank of 14 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on the company. Hovde Group reiterated a “buy” rating and set a $36.00 target price on shares of Financial Institutions in a research report on Friday, February 2nd. BidaskClub upgraded Financial Institutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 target price on shares of Financial Institutions in a research report on Thursday, October 26th.
Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Financial Institutions had a net margin of 20.34% and a return on equity of 9.31%. The business had revenue of $38.75 million for the quarter. sell-side analysts anticipate that Financial Institutions will post 2.12 earnings per share for the current fiscal year.
In other Financial Institutions news, Director Robert M. Glaser bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $32.34 per share, for a total transaction of $32,340.00. Following the transaction, the director now directly owns 13,451 shares of the company’s stock, valued at approximately $435,005.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew W. Dorn, Jr. bought 1,557 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $30.95 per share, for a total transaction of $48,189.15. Following the transaction, the director now directly owns 16,999 shares in the company, valued at $526,119.05. The disclosure for this purchase can be found here. Insiders have bought a total of 6,496 shares of company stock worth $207,123 in the last quarter. Insiders own 5.49% of the company’s stock.
Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in Financial Institutions by 53.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,064 shares of the bank’s stock valued at $3,727,000 after purchasing an additional 43,526 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Financial Institutions by 1.7% in the 2nd quarter. Wells Fargo & Company MN now owns 9,351 shares of the bank’s stock valued at $279,000 after purchasing an additional 159 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Financial Institutions by 79.0% in the 2nd quarter. Alliancebernstein L.P. now owns 11,100 shares of the bank’s stock valued at $331,000 after purchasing an additional 4,900 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Financial Institutions by 3.3% in the 2nd quarter. Teachers Advisors LLC now owns 24,496 shares of the bank’s stock valued at $730,000 after purchasing an additional 777 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Financial Institutions in the 2nd quarter valued at $379,000. 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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