BidaskClub upgraded shares of Financial Institutions (NASDAQ:FISI) from a sell rating to a hold rating in a report published on Wednesday morning.
A number of other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Financial Institutions from a hold rating to a sell rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of Financial Institutions from a sell rating to a hold rating in a report on Tuesday, November 6th.
Shares of NASDAQ FISI opened at $30.26 on Wednesday. The company has a market cap of $481.25 million, a PE ratio of 11.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. Financial Institutions has a 1 year low of $24.49 and a 1 year high of $34.35.
Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings results on Thursday, January 31st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The business had revenue of $41.38 million during the quarter, compared to the consensus estimate of $40.40 million. Financial Institutions had a net margin of 20.89% and a return on equity of 11.49%. On average, sell-side analysts expect that Financial Institutions will post 2.62 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of FISI. Legal & General Group Plc increased its holdings in Financial Institutions by 20.5% in the 4th quarter. Legal & General Group Plc now owns 2,788 shares of the bank’s stock valued at $71,000 after purchasing an additional 474 shares during the last quarter. Citigroup Inc. increased its holdings in Financial Institutions by 16.5% in the 4th quarter. Citigroup Inc. now owns 5,010 shares of the bank’s stock valued at $128,000 after purchasing an additional 710 shares during the last quarter. Vectors Research Management LLC acquired a new stake in Financial Institutions in the 3rd quarter valued at approximately $137,000. Metropolitan Life Insurance Co. NY increased its holdings in Financial Institutions by 292.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,570 shares of the bank’s stock valued at $143,000 after purchasing an additional 4,150 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Financial Institutions in the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 71.53% 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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