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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:FISI

Financial Institutions (FISI) Stock Price, News & Analysis

$18.82
+0.18 (+0.97%)
(As of 03/28/2024 ET)
Today's Range
$18.61
$19.11
50-Day Range
$18.06
$23.01
52-Week Range
$13.84
$23.11
Volume
64,554 shs
Average Volume
52,407 shs
Market Capitalization
$290.02 million
P/E Ratio
5.96
Dividend Yield
6.38%
Price Target
$19.50

Financial Institutions MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.6% Upside
$19.50 Price Target
Short Interest
Healthy
0.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Financial Institutions in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.24%
From $2.71 to $3.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.58 out of 5 stars

Finance Sector

396th out of 849 stocks

National Commercial Banks Industry

53rd out of 84 stocks

FISI stock logo

About Financial Institutions Stock (NASDAQ:FISI)

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, as well as NOW accounts. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company also provides personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services, such as life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

FISI Stock Price History

FISI Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
FISI Apr 2024 17.500 put
FISI Apr 2024 20.000 call
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
FISI Jun 2024 2.500 call
Financial Institutions Inc FISI
FISI Mar 2024 30.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/13/2023
Dividend Payable
1/02/2024
Last Earnings
1/25/2024
Ex-Dividend for 4/2 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
4/02/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FISI
CUSIP
31758540
Employees
672
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.50
High Stock Price Target
$20.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$50.26 million
Pretax Margin
18.86%

Debt

Sales & Book Value

Annual Sales
$334.38 million
Cash Flow
$4.17 per share
Book Value
$28.40 per share

Miscellaneous

Free Float
15,050,000
Market Cap
$290.02 million
Optionable
Optionable
Beta
0.86
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives


FISI Stock Analysis - Frequently Asked Questions

Should I buy or sell Financial Institutions stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last year. There are currently 2 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.

What is Financial Institutions' stock price target for 2024?

2 brokerages have issued 12-month price objectives for Financial Institutions' stock. Their FISI share price targets range from $19.00 to $20.00. On average, they expect the company's stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for FISI
or view top-rated stocks among Wall Street analysts.

How have FISI shares performed in 2024?

Financial Institutions' stock was trading at $21.30 at the beginning of 2024. Since then, FISI shares have decreased by 11.6% and is now trading at $18.82.
View the best growth stocks for 2024 here
.

Are investors shorting Financial Institutions?

Financial Institutions saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 91,100 shares, an increase of 22.0% from the February 29th total of 74,700 shares. Based on an average daily volume of 50,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.6% of the shares of the company are short sold.
View Financial Institutions' Short Interest
.

When is Financial Institutions' next earnings date?

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

How can I listen to Financial Institutions' earnings call?

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.

How were Financial Institutions' earnings last quarter?

Financial Institutions, Inc. (NASDAQ:FISI) released its quarterly earnings data on Thursday, January, 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.12. The bank earned $55.25 million during the quarter, compared to the consensus estimate of $50.29 million. Financial Institutions had a net margin of 15.03% and a trailing twelve-month return on equity of 12.24%.

How often does Financial Institutions pay dividends? What is the dividend yield for Financial Institutions?

Financial Institutions declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 15th will be paid 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 6.38%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for FISI
.

Is Financial Institutions a good dividend stock?

Financial Institutions (NASDAQ:FISI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.63%. 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.

What is John E. Benjamin's approval rating as Financial Institutions' CEO?

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.

What other stocks do shareholders of Financial Institutions own?

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).

Who are Financial Institutions' major shareholders?

Financial Institutions' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.67%), Vanguard Group Inc. (4.99%), Vanguard Group Inc. (4.99%), LSV Asset Management (2.24%), Canandaigua National Bank & Trust Co. (2.00%) and Courier Capital LLC (1.41%). 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
.

How do I buy shares of Financial Institutions?

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.
Compare Top Brokerages Here.

This page (NASDAQ:FISI) was last updated on 3/29/2024 by MarketBeat.com Staff

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