Financial Institutions (NASDAQ:FISI) Stock Rating Lowered by StockNews.com

Financial Institutions (NASDAQ:FISI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods raised Financial Institutions from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $29.00 to $34.00 in a research note on Monday, February 3rd. Stephens reiterated an “equal weight” rating and set a $32.00 target price on shares of Financial Institutions in a research report on Tuesday, March 11th.

Financial Institutions Trading Up 0.6 %

Shares of Financial Institutions stock opened at $25.54 on Wednesday. Financial Institutions has a 52-week low of $16.81 and a 52-week high of $29.79. The firm has a market capitalization of $513.61 million, a PE ratio of -17.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $24.78 and its two-hundred day moving average price is $26.21.

Financial Institutions (NASDAQ:FISI) last posted its earnings results on Monday, April 28th. The bank reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $57.24 million for the quarter, compared to analysts’ expectations of $57.14 million. Financial Institutions had a negative net margin of 6.69% and a positive return on equity of 11.12%. On average, analysts expect that Financial Institutions will post 3.3 EPS for the current year.

Institutional Trading of Financial Institutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Financial Institutions by 2.0% in the third quarter. Geode Capital Management LLC now owns 354,685 shares of the bank’s stock worth $9,036,000 after acquiring an additional 7,045 shares during the last quarter. Barclays PLC raised its position in Financial Institutions by 48.4% in the 3rd quarter. Barclays PLC now owns 44,798 shares of the bank’s stock worth $1,141,000 after purchasing an additional 14,606 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Financial Institutions by 32.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,108 shares of the bank’s stock valued at $461,000 after buying an additional 4,461 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Financial Institutions by 72.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,345 shares of the bank’s stock valued at $646,000 after buying an additional 10,613 shares during the period. Finally, Courier Capital LLC raised its position in shares of Financial Institutions by 0.5% during the fourth quarter. Courier Capital LLC now owns 352,126 shares of the bank’s stock worth $9,610,000 after acquiring an additional 1,887 shares during the last quarter. 60.45% of the stock is currently owned by institutional investors and hedge funds.

Financial Institutions Company Profile

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 provides 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.