Financial Institutions (NASDAQ:FISI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Zacks Investment Research cut Financial Institutions from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.33.

Financial Institutions stock opened at $29.12 on Friday. Financial Institutions has a 1-year low of $28.80 and a 1-year high of $34.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $500.04 million, a price-to-earnings ratio of 15.01 and a beta of 0.97.

Financial Institutions (NASDAQ:FISI) last posted its quarterly earnings results on Thursday, July 26th. The bank reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.17. Financial Institutions had a return on equity of 10.49% and a net margin of 23.24%. The company had revenue of $38.63 million for the quarter, compared to analysts’ expectations of $38.30 million. As a group, analysts anticipate that Financial Institutions will post 2.54 earnings per share for the current fiscal year.

In other news, Director Andrew W. Dorn, Jr. bought 900 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average price of $32.45 per share, for a total transaction of $29,205.00. Following the completion of the transaction, the director now owns 19,446 shares of the company’s stock, valued at $631,022.70. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Martin Kearney Birmingham bought 1,500 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were purchased at an average price of $31.95 per share, for a total transaction of $47,925.00. Following the transaction, the chief executive officer now directly owns 72,596 shares of the company’s stock, valued at approximately $2,319,442.20. The disclosure for this purchase can be found here. Insiders have bought 2,900 shares of company stock worth $92,980 in the last quarter. Insiders own 4.34% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Financial Institutions by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,246,022 shares of the bank’s stock valued at $40,994,000 after acquiring an additional 56,106 shares during the period. United Services Automobile Association increased its position in Financial Institutions by 63.2% in the 2nd quarter. United Services Automobile Association now owns 53,441 shares of the bank’s stock valued at $1,758,000 after acquiring an additional 20,700 shares during the period. Swiss National Bank increased its position in Financial Institutions by 15.5% in the 2nd quarter. Swiss National Bank now owns 27,500 shares of the bank’s stock valued at $905,000 after acquiring an additional 3,700 shares during the period. GSA Capital Partners LLP increased its position in Financial Institutions by 20.5% in the 2nd quarter. GSA Capital Partners LLP now owns 29,804 shares of the bank’s stock valued at $981,000 after acquiring an additional 5,068 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. increased its position in Financial Institutions by 3.8% in the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 284,976 shares of the bank’s stock valued at $9,376,000 after acquiring an additional 10,539 shares during the period. Institutional investors and hedge funds own 69.94% of the company’s stock.

Financial Institutions Company Profile

Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.

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