Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Financial Institutions, Inc. (NASDAQ:FISI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Financial Institutions, Inc. (NASDAQ:FISI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 46,100 shares of the bank's stock, valued at approximately $1,258,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.30% of Financial Institutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FISI. PL Capital Advisors LLC increased its holdings in Financial Institutions by 666.8% during the 4th quarter. PL Capital Advisors LLC now owns 13,583,625 shares of the bank's stock valued at $370,697,000 after purchasing an additional 11,812,109 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Financial Institutions during the 4th quarter valued at $18,294,000. Adage Capital Partners GP L.L.C. acquired a new stake in Financial Institutions during the 4th quarter valued at $11,168,000. Basswood Capital Management L.L.C. acquired a new stake in Financial Institutions during the 4th quarter valued at $8,320,000. Finally, Fourthstone LLC increased its holdings in Financial Institutions by 1,463.9% during the 4th quarter. Fourthstone LLC now owns 318,254 shares of the bank's stock valued at $8,685,000 after purchasing an additional 297,904 shares in the last quarter. 60.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FISI has been the topic of a number of recent research reports. Wall Street Zen upgraded Financial Institutions from a "hold" rating to a "buy" rating in a research report on Friday. Stephens restated an "equal weight" rating and issued a $32.00 price target on shares of Financial Institutions in a research report on Tuesday, March 11th.

Financial Institutions Trading Up 2.5%

FISI stock traded up $0.63 during midday trading on Friday, hitting $25.80. 62,522 shares of the company's stock were exchanged, compared to its average volume of 106,253. The stock's fifty day moving average price is $24.67 and its 200-day moving average price is $26.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $518.84 million, a PE ratio of -17.79 and a beta of 0.72. Financial Institutions, Inc. has a one year low of $16.81 and a one year high of $29.79.

Financial Institutions (NASDAQ:FISI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $57.24 million for the quarter, compared to the consensus estimate of $57.14 million. Research analysts predict that Financial Institutions, Inc. will post 3.3 earnings per share for the current fiscal year.

Financial Institutions Announces Dividend

The company also recently declared 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 dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, June 13th. Financial Institutions's dividend payout ratio is -165.33%.

About Financial Institutions

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.