Financial Institutions (FISI) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FISI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FISI, but not buy additional shares or sell existing shares.
View FISI analyst ratings or view top-rated stocks.

3 brokers have issued twelve-month price targets for Financial Institutions' shares. Their FISI share price targets range from $19.00 to $23.00. On average, they predict the company's share price to reach $20.67 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
View analysts price targets for FISI or view top-rated stocks among Wall Street analysts.

Financial Institutions' stock was trading at $21.30 on January 1st, 2024. Since then, FISI shares have decreased by 18.5% and is now trading at $17.36.
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Financial Institutions saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 73,500 shares, a drop of 19.3% from the March 15th total of 91,100 shares. Based on an average daily trading volume, of 51,600 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company's stock are short sold.
View Financial Institutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our FISI earnings forecast.

Financial Institutions will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Financial Institutions, Inc. (NASDAQ:FISI) issued its earnings results on Thursday, January, 25th. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.12. The bank had revenue of $55.25 million for the quarter, compared to analyst estimates of $50.29 million. Financial Institutions had a trailing twelve-month return on equity of 12.24% and a net margin of 15.03%.

Financial Institutions declared a quarterly dividend on Tuesday, February 13th. Investors of record on Friday, March 15th will be given a dividend of $0.30 per share on Tuesday, April 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for FISI.

Financial Institutions (NASDAQ:FISI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.31%. FISI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FISI will have a dividend payout ratio of 38.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FISI.

1 employees have rated Financial Institutions Chief Executive Officer John E. Benjamin on Glassdoor.com. John E. Benjamin has an approval rating of 100% among the company's employees. This puts John E. Benjamin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Financial Institutions investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Albany International (AIN), Bristol-Myers Squibb (BMY), Dominion Energy (D), Home Depot (HD), International Business Machines (IBM), Johnson & Johnson (JNJ) and Main Street Capital (MAIN).

Financial Institutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Courier Capital LLC (2.20%), Canandaigua National Bank & Trust Co. (1.95%) and Allspring Global Investments Holdings LLC (0.06%). Insiders that own company stock include Andrew W Dorn Jr, James F Stern, Martin Kearney Birmingham, Robert N Latella, Samuel J Burruano Jr, Samuel M Gullo and William Jack Plants II.
View institutional ownership trends.

Shares of FISI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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