US Bancorp DE Has $66,000 Holdings in Financial Institutions, Inc. (NASDAQ:FISI)

US Bancorp DE grew its holdings in Financial Institutions, Inc. (NASDAQ:FISI) by 119.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,572 shares of the bank’s stock after purchasing an additional 1,399 shares during the period. US Bancorp DE’s holdings in Financial Institutions were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FISI. AQR Capital Management LLC grew its position in Financial Institutions by 147.3% during the second quarter. AQR Capital Management LLC now owns 63,213 shares of the bank’s stock valued at $1,221,000 after purchasing an additional 37,653 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Financial Institutions by 8.7% in the second quarter. Acadian Asset Management LLC now owns 324,263 shares of the bank’s stock worth $6,263,000 after acquiring an additional 25,865 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Financial Institutions by 2.1% during the first quarter. Vanguard Group Inc. now owns 784,928 shares of the bank’s stock worth $14,772,000 after acquiring an additional 16,462 shares in the last quarter. CWM LLC raised its holdings in shares of Financial Institutions by 150.4% during the second quarter. CWM LLC now owns 5,438 shares of the bank’s stock worth $105,000 after acquiring an additional 3,266 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Financial Institutions by 9.0% during the second quarter. Renaissance Technologies LLC now owns 332,500 shares of the bank’s stock valued at $6,424,000 after purchasing an additional 27,400 shares during the last quarter. 60.45% of the stock is owned by hedge funds and other institutional investors.

Financial Institutions Price Performance

NASDAQ FISI opened at $26.83 on Monday. Financial Institutions, Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $28.12. The stock’s 50-day moving average is $25.49 and its two-hundred day moving average is $22.45. The firm has a market cap of $415.06 million, a P/E ratio of 8.44 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.86.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $50.12 million for the quarter. Financial Institutions had a return on equity of 11.32% and a net margin of 13.72%. During the same period in the previous year, the business posted $0.88 earnings per share. On average, analysts anticipate that Financial Institutions, Inc. will post 3.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FISI. StockNews.com lowered Financial Institutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $25.00 price objective (up previously from $20.00) on shares of Financial Institutions in a research report on Monday, July 29th.

Financial Institutions Profile

Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.