Barclays PLC Buys 3,079 Shares of Financial Institutions, Inc. (NASDAQ:FISI)

Barclays PLC boosted its holdings in Financial Institutions, Inc. (NASDAQ:FISI) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,877 shares of the bank’s stock after purchasing an additional 3,079 shares during the quarter. Barclays PLC owned about 0.31% of Financial Institutions worth $1,307,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Financial Institutions during the fourth quarter valued at about $30,000. Picton Mahoney Asset Management grew its position in shares of Financial Institutions by 45.5% in the fourth quarter. Picton Mahoney Asset Management now owns 1,196 shares of the bank’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Financial Institutions during the fourth quarter valued at approximately $87,000. SG Americas Securities LLC grew its position in Financial Institutions by 14.9% during the fourth quarter. SG Americas Securities LLC now owns 7,418 shares of the bank’s stock worth $202,000 after buying an additional 964 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Financial Institutions by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 9,130 shares of the bank’s stock valued at $249,000 after purchasing an additional 1,141 shares during the last quarter. Institutional investors own 60.45% of the company’s stock.

Financial Institutions Stock Performance

Shares of FISI stock opened at $26.20 on Friday. The firm has a market capitalization of $526.88 million, a PE ratio of -18.07 and a beta of 0.68. Financial Institutions, Inc. has a 52 week low of $16.81 and a 52 week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $24.74 and a 200-day moving average price of $26.21.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Financial Institutions had a positive return on equity of 11.12% and a negative net margin of 6.69%. The company had revenue of $57.24 million during the quarter, compared to the consensus estimate of $57.14 million. As a group, equities research analysts expect that Financial Institutions, Inc. will post 3.3 earnings per share for the current year.

Financial Institutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 14th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Financial Institutions’s previous quarterly dividend of $0.30. Financial Institutions’s dividend payout ratio is -165.33%.

Analyst Ratings Changes

FISI has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of Financial Institutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $29.00 to $34.00 in a report on Monday, February 3rd. Stephens reaffirmed an “equal weight” rating and issued a $32.00 price target on shares of Financial Institutions in a research note on Tuesday, March 11th. Finally, StockNews.com lowered Financial Institutions from a “hold” rating to a “sell” rating in a research report on Wednesday.

Financial Institutions 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.