Financial Institutions, Inc. (NASDAQ:FISI) Director Robert M. Glaser bought 1,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $32.34 per share, for a total transaction of $32,340.00. Following the completion of the transaction, the director now directly owns 13,451 shares of the company’s stock, valued at $435,005.34. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Financial Institutions, Inc. (NASDAQ:FISI) traded up $0.25 during midday trading on Friday, hitting $32.50. 163,693 shares of the company traded hands, compared to its average volume of 57,738. 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, Inc. has a twelve month low of $25.65 and a twelve month high of $35.40. The company has a market capitalization of $507.85, a PE ratio of 16.17 and a beta of 1.24.

Financial Institutions (NASDAQ:FISI) last released its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Financial Institutions had a net margin of 19.46% and a return on equity of 9.66%. The business had revenue of $37.01 million during the quarter. sell-side analysts predict that Financial Institutions, Inc. will post 1.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.22 per share. This is a boost from Financial Institutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.71%. Financial Institutions’s dividend payout ratio (DPR) is currently 43.78%.

Several equities analysts have commented on FISI shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of Financial Institutions in a research report on Friday, September 22nd. Piper Jaffray Companies restated a “hold” rating and set a $31.50 price target on shares of Financial Institutions in a report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Financial Institutions from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Financial Institutions by 1.7% during the second quarter. Wells Fargo & Company MN now owns 9,351 shares of the bank’s stock worth $279,000 after purchasing an additional 159 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of Financial Institutions by 17.4% during the second quarter. Brandywine Global Investment Management LLC now owns 4,732 shares of the bank’s stock worth $142,000 after buying an additional 702 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Financial Institutions by 3.3% during the second quarter. Teachers Advisors LLC now owns 24,496 shares of the bank’s stock worth $730,000 after buying an additional 777 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Financial Institutions by 7.4% during the second 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. Finally, Strs Ohio increased its holdings in shares of Financial Institutions by 7.9% during the second quarter. Strs Ohio now owns 23,100 shares of the bank’s stock worth $688,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 69.25% 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.

Insider Buying and Selling by Quarter for Financial Institutions (NASDAQ:FISI)

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