4,300 Shares in Financial Institutions, Inc. (NASDAQ:FISI) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Financial Institutions, Inc. (NASDAQ:FISIGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,300 shares of the bank’s stock, valued at approximately $112,000.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Financial Institutions by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,258,738 shares of the bank’s stock worth $37,926,000 after purchasing an additional 9,639 shares in the last quarter. BlackRock Inc. increased its stake in Financial Institutions by 2.6% during the 1st quarter. BlackRock Inc. now owns 1,199,589 shares of the bank’s stock worth $36,145,000 after purchasing an additional 30,179 shares in the last quarter. Vanguard Group Inc. increased its stake in Financial Institutions by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 763,342 shares of the bank’s stock worth $22,999,000 after purchasing an additional 6,878 shares in the last quarter. State Street Corp boosted its position in Financial Institutions by 30.6% during the 1st quarter. State Street Corp now owns 494,212 shares of the bank’s stock worth $15,002,000 after acquiring an additional 115,703 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Financial Institutions by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 182,221 shares of the bank’s stock worth $5,490,000 after acquiring an additional 573 shares during the last quarter. 68.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com raised Financial Institutions from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Hovde Group downgraded Financial Institutions from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $33.00 to $29.00 in a research report on Monday, October 31st.

Financial Institutions Trading Up 0.7 %

NASDAQ:FISI opened at $24.47 on Wednesday. Financial Institutions, Inc. has a twelve month low of $22.91 and a twelve month high of $34.43. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $26.05. The company has a market cap of $375.25 million, a P/E ratio of 6.10 and a beta of 0.90.

Financial Institutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 16th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Thursday, September 15th. Financial Institutions’s payout ratio is presently 28.93%.

Financial Institutions Profile

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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.

See Also

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Institutional Ownership by Quarter for Financial Institutions (NASDAQ:FISI)

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