Shares of Financial Institutions, Inc. (NASDAQ:FISI) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus price objective of $34.50 for the company and are expecting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Financial Institutions an industry rank of 119 out of 265 based on the ratings given to related companies.
Several equities research analysts recently weighed in on FISI shares. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a report on Thursday, August 3rd. ValuEngine lowered Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 target price on shares of Financial Institutions in a report on Friday, September 22nd.
A number of hedge funds have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. grew its holdings in Financial Institutions by 12.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 56,995 shares of the bank’s stock valued at $1,641,000 after buying an additional 6,500 shares in the last quarter. Maltese Capital Management LLC purchased a new position in Financial Institutions during the 3rd quarter valued at about $608,000. Mackenzie Financial Corp grew its holdings in Financial Institutions by 16.8% during the 3rd quarter. Mackenzie Financial Corp now owns 21,162 shares of the bank’s stock valued at $609,000 after buying an additional 3,041 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Financial Institutions by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,254 shares of the bank’s stock valued at $29,786,000 after buying an additional 66,983 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Financial Institutions by 2.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 127,867 shares of the bank’s stock valued at $3,683,000 after buying an additional 2,803 shares in the last quarter. 65.81% of the stock is owned by institutional investors and hedge funds.
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Shares of Financial Institutions (NASDAQ FISI) traded up $0.30 on Thursday, reaching $30.40. The company had a trading volume of 99,800 shares, compared to its average volume of 61,035. Financial Institutions has a 52 week low of $25.65 and a 52 week high of $35.40. The stock has a market cap of $470.35, a price-to-earnings ratio of 14.98 and a beta of 1.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.
Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Financial Institutions had a return on equity of 9.66% and a net margin of 19.46%. The company had revenue of $37.01 million during the quarter. sell-side analysts predict that Financial Institutions will post 1.94 EPS for the current year.
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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