Squarepoint Ops LLC Buys Shares of 14,218 Financial Institutions, Inc. (NASDAQ:FISI)

Squarepoint Ops LLC bought a new position in shares of Financial Institutions, Inc. (NASDAQ:FISI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,218 shares of the bank's stock, valued at approximately $388,000. Squarepoint Ops LLC owned approximately 0.09% of Financial Institutions at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its position in shares of Financial Institutions by 45.5% during the fourth quarter. Picton Mahoney Asset Management now owns 1,196 shares of the bank's stock worth $32,000 after purchasing an additional 374 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Financial Institutions during the fourth quarter worth approximately $87,000. SG Americas Securities LLC lifted its position in shares of 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 purchasing an additional 964 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Financial Institutions by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,716 shares of the bank's stock worth $238,000 after purchasing an additional 380 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Financial Institutions by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,130 shares of the bank's stock valued at $249,000 after buying an additional 1,141 shares during the period. 60.45% of the stock is currently owned by institutional investors and hedge funds.

Financial Institutions Trading Up 2.5%

NASDAQ FISI traded up $0.63 during trading hours on Friday, hitting $25.80. The company's stock had a trading volume of 62,522 shares, compared to its average volume of 105,964. The stock has a fifty day moving average of $24.67 and a 200 day moving average of $26.26. Financial Institutions, Inc. has a twelve month low of $16.81 and a twelve month high of $29.79. The firm has a market capitalization of $518.84 million, a P/E ratio of -17.79 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26.

Financial Institutions (NASDAQ:FISI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. Financial Institutions had a negative net margin of 6.69% and a positive return on equity of 11.12%. The business had revenue of $57.24 million for the quarter, compared to analyst estimates of $57.14 million. Equities research analysts forecast that Financial Institutions, Inc. will post 3.3 earnings per share for the current fiscal year.

Financial Institutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 13th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, June 13th. Financial Institutions's payout ratio is presently -165.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FISI shares. Wall Street Zen upgraded shares of Financial Institutions from a "hold" rating to a "buy" rating in a report on Friday. Stephens restated an "equal weight" rating and issued a $32.00 price objective on shares of Financial Institutions in a report on Tuesday, March 11th.

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.