Financial Institutions (NASDAQ:FISI) Lifted to “Buy” at StockNews.com

Financial Institutions (NASDAQ:FISIGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, Zacks Investment Research raised shares of Financial Institutions from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, May 2nd.

Shares of FISI stock opened at $26.70 on Thursday. Financial Institutions has a 1 year low of $26.54 and a 1 year high of $34.43. The firm has a fifty day moving average price of $29.85 and a 200-day moving average price of $31.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $408.48 million, a price-to-earnings ratio of 6.01 and a beta of 1.04.

Financial Institutions (NASDAQ:FISIGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.17. Financial Institutions had a net margin of 33.70% and a return on equity of 15.44%. During the same quarter in the prior year, the business posted $1.27 earnings per share. Equities research analysts expect that Financial Institutions will post 3.47 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. raised its stake in Financial Institutions by 4.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 181,221 shares of the bank’s stock valued at $5,554,000 after purchasing an additional 7,312 shares during the period. Martingale Asset Management L P raised its stake in Financial Institutions by 20.1% during the 3rd quarter. Martingale Asset Management L P now owns 53,597 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 8,964 shares during the period. GSA Capital Partners LLP raised its stake in Financial Institutions by 193.6% during the 3rd quarter. GSA Capital Partners LLP now owns 28,118 shares of the bank’s stock valued at $862,000 after purchasing an additional 18,540 shares during the period. Marshall Wace LLP bought a new stake in Financial Institutions during the 3rd quarter valued at approximately $292,000. Finally, Seizert Capital Partners LLC bought a new stake in Financial Institutions during the 4th quarter valued at approximately $539,000. 68.82% of the stock is currently owned by institutional investors.

About Financial Institutions (Get Rating)

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 offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts.

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