Shares of Financial Institutions Inc. (NASDAQ:FISI) gapped up prior to trading on Thursday . The stock had previously closed at $26.28, but opened at $26.38. Financial Institutions shares last traded at $27.02, with a volume of 37,324 shares changing hands.

Separately, Keefe, Bruyette & Woods increased their price target on shares of Financial Institutions from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th.

The company’s 50 day moving average is $26.39 and its 200-day moving average is $27.32. The firm has a market cap of $389.72 million and a price-to-earnings ratio of 13.71.

Financial Institutions (NASDAQ:FISI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. Equities research analysts predict that Financial Institutions Inc. will post $1.92 EPS for the current fiscal year.

In other news, EVP Jeffrey Patrick Kenefick sold 4,096 shares of Financial Institutions stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $27.52, for a total value of $112,721.92. Following the transaction, the executive vice president now owns 10,269 shares of the company’s stock, valued at approximately $282,602.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew W. Dorn, Jr. acquired 1,000 shares of the stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of $27.11 per share, for a total transaction of $27,110.00. Following the purchase, the director now directly owns 12,205 shares in the company, valued at $330,877.55. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in Financial Institutions stock. Nationwide Fund Advisors raised its stake in Financial Institutions Inc. (NASDAQ:FISI) by 21.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,101 shares of the company’s stock after buying an additional 11,900 shares during the period. Nationwide Fund Advisors owned about 0.48% of Financial Institutions worth $1,879,000 as of its most recent filing with the SEC.

Financial Institutions, Inc (FII) is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank, and Scott Danahy Naylon, LLC (SDN), a full service insurance agency. The Company offers an array of deposit, lending, insurance services and other financial services to individuals, municipalities and businesses in Western and Central New York through the Bank.

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