Recent Research Analysts’ Ratings Updates for Financial Institutions (FISI)

Financial Institutions (NASDAQ: FISI) has recently received a number of price target changes and ratings updates:

• 2/11/2025 – Financial Institutions was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/3/2025 – Financial Institutions was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/3/2025 – Financial Institutions was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $34.00 price target on the stock, up previously from $29.00.
• 1/31/2025 – Financial Institutions had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $33.00 price target on the stock.

Financial Institutions Stock Performance

FISI stock opened at $29.63 on Thursday. The firm has a market cap of $458.38 million, a PE ratio of -20.43 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $27.41 and a 200-day moving average of $26.17. Financial Institutions, Inc. has a 12-month low of $16.29 and a 12-month high of $29.79.

Financial Institutions (NASDAQ:FISI) last posted its earnings results on Thursday, January 30th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.20). Financial Institutions had a positive return on equity of 11.12% and a negative net margin of 6.69%. As a group, sell-side analysts expect that Financial Institutions, Inc. will post 3.3 earnings per share for the current year.

Financial Institutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 14th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, March 14th. This represents a $1.24 annualized dividend and a dividend yield of 4.18%. This is an increase from Financial Institutions’s previous quarterly dividend of $0.30. Financial Institutions’s dividend payout ratio is currently -82.76%.

Insider Buying and Selling

In other Financial Institutions news, Director Robert N. Latella acquired 4,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at approximately $400,000. This represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Financial Institutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in Financial Institutions in the fourth quarter valued at $30,000. Picton Mahoney Asset Management increased its stake in Financial Institutions by 45.5% in the fourth quarter. Picton Mahoney Asset Management now owns 1,196 shares of the bank’s stock valued at $32,000 after acquiring an additional 374 shares during the last quarter. US Bancorp DE increased its stake in Financial Institutions by 119.3% in the third quarter. US Bancorp DE now owns 2,572 shares of the bank’s stock valued at $66,000 after acquiring an additional 1,399 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Financial Institutions in the fourth quarter valued at $87,000. Finally, SG Americas Securities LLC bought a new position in Financial Institutions in the third quarter valued at $164,000. Hedge funds and other institutional investors own 60.45% of the company’s stock.

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.