Financial Institutions (NASDAQ:FISI) Stock Rating Upgraded by Wall Street Zen

Financial Institutions (NASDAQ:FISI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Financial Institutions Trading Down 0.9%

Shares of FISI stock opened at $27.02 on Friday. The firm has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $26.03. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $543.37 million, a PE ratio of -36.03 and a beta of 0.71. Financial Institutions has a 12-month low of $20.21 and a 12-month high of $29.79.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Financial Institutions had a negative net margin of 2.63% and a positive return on equity of 12.69%. The firm had revenue of $57.24 million during the quarter, compared to the consensus estimate of $57.14 million. As a group, analysts predict that Financial Institutions will post 3.3 earnings per share for the current year.

Institutional Investors Weigh In On Financial Institutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its position in shares of Financial Institutions by 5.0% in the first quarter. Rhumbline Advisers now owns 24,489 shares of the bank’s stock valued at $611,000 after buying an additional 1,157 shares in the last quarter. Mendon Capital Advisors Corp raised its position in shares of Financial Institutions by 11.7% in the first quarter. Mendon Capital Advisors Corp now owns 111,720 shares of the bank’s stock valued at $2,789,000 after buying an additional 11,720 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Financial Institutions in the first quarter valued at approximately $375,000. Empowered Funds LLC raised its position in shares of Financial Institutions by 7.1% in the first quarter. Empowered Funds LLC now owns 74,841 shares of the bank’s stock valued at $1,868,000 after buying an additional 4,979 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Financial Institutions in the first quarter valued at approximately $400,000. 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.