Financial Institutions, Inc. (NASDAQ:FISI)’s share price hit a new 52-week low on Thursday . The company traded as low as $25.75 and last traded at $25.73, with a volume of 52,236 shares. The stock had previously closed at $26.60.

A number of equities analysts recently weighed in on FISI shares. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price target on shares of Financial Institutions in a report on Thursday, August 3rd. ValuEngine raised shares of Financial Institutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th.

The firm has a 50-day moving average price of $27.81 and a 200 day moving average price of $30.94. The company has a market cap of $390.70 million, a P/E ratio of 12.71 and a beta of 1.20.

Financial Institutions (NASDAQ:FISI) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by $0.08. Financial Institutions had a return on equity of 10.03% and a net margin of 20.08%. The business had revenue of $36.76 million during the quarter. On average, analysts predict that Financial Institutions, Inc. will post $1.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.84 annualized dividend and a yield of 3.22%. Financial Institutions’s payout ratio is 40.98%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Financial Institutions in the 2nd quarter worth about $216,000. The Manufacturers Life Insurance Company increased its holdings in Financial Institutions by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,560 shares of the bank’s stock worth $374,000 after buying an additional 860 shares in the last quarter. State Street Corp increased its holdings in Financial Institutions by 9.0% in the 2nd quarter. State Street Corp now owns 262,643 shares of the bank’s stock worth $7,829,000 after buying an additional 21,760 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Financial Institutions by 12.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 50,495 shares of the bank’s stock worth $1,504,000 after buying an additional 5,700 shares in the last quarter. Finally, Numeric Investors LLC increased its holdings in Financial Institutions by 306.4% in the 2nd quarter. Numeric Investors LLC now owns 241,803 shares of the bank’s stock worth $7,206,000 after buying an additional 182,306 shares in the last quarter. Institutional investors own 67.11% 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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