NASDAQ:FISI

Financial Institutions (FISI) Stock Forecast, Price & News

$16.83

+0.01 (+0.06%)

(As of 09/29/2023 ET)

Compare

Today's Range: $16.66
▼
$17.15
50-Day Range: $16.71
▼
$20.12
52-Week Range: $13.84
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$26.85

Volume: 48,362 shs
Average Volume: 40,154 shs
Market Capitalization: $259.18 million

P/E Ratio: 5.08
Dividend Yield: 7.13%
Price Target: $24.50

Financial Institutions MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 45.6% Upside
$24.50 Price Target
Short Interest: Healthy
0.59% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.31
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.73%
From $3.30 to $3.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

207th out of 866 stocks

National Commercial Banks Industry

32nd out of 85 stocks

3.0

Analyst's Opinion

Consensus Rating
Financial Institutions has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.50, Financial Institutions has a forecasted upside of 45.6% from its current price of $16.83.
Amount of Analyst Coverage
Financial Institutions has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.59% of the float of Financial Institutions has been sold short.
Short Interest Ratio / Days to Cover
Financial Institutions has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Financial Institutions has recently increased by 3.49%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
Financial Institutions is a leading dividend payer. It pays a dividend yield of 7.13%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Financial Institutions has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Financial Institutions is 36.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Financial Institutions will have a dividend payout ratio of 37.38% next year. This indicates that Financial Institutions will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FISI.

2.4

News and Social Media Coverage

News Sentiment
Financial Institutions has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Financial Institutions this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for FISI on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Financial Institutions to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Financial Institutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.33% of the stock of Financial Institutions is held by insiders.
Percentage Held by Institutions
63.87% of the stock of Financial Institutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Financial Institutions are expected to decrease by -2.73% in the coming year, from $3.30 to $3.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Financial Institutions is 5.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Financial Institutions is 5.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.49.
Price to Book Value per Share Ratio
Financial Institutions has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Financial Institutions (NASDAQ:FISI) Stock

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 offers 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. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company also provides personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services, such as life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

FISI Price History

30 days | 90 days | 365 days | Advanced Chart

FISI Stock News Headlines

September 28, 2023 | americanbankingnews.com

Financial Institutions (NASDAQ:FISI) vs. Community Bank System (NYSE:CBU) Head to Head Comparison

September 27, 2023 | finance.yahoo.com

The past five years for Financial Institutions (NASDAQ:FISI) investors has not been profitable

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September 18, 2023 | finance.yahoo.com

Blake Jones Named Chief Marketing Officer of Five Star Bank

September 13, 2023 | finance.yahoo.com

Financial Institutions Inc (FISI): A Deep Dive into Its Dividend Performance

September 13, 2023 | financialpost.com

Episode Six Launches Business Now, Pay Later™ Enabling Financial Institutions to Offer B2B Installments to Small and Medium-sized Enterprises

September 8, 2023 | benzinga.com

Financial Institutions: Dividend Insights

August 30, 2023 | seekingalpha.com

Financial Institutions: Is It Worth Investing In For The High Dividend?

October 1, 2023 | Stansberry Research (Ad)

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August 21, 2023 | finance.yahoo.com

Five Star Bank Partners with Autobooks to Launch Tap to Pay on iPhone for Small Business Customers

August 18, 2023 | finance.yahoo.com

Here's Why Financial Institutions (FISI) Is a Great 'Buy the Bottom' Stock Now

August 17, 2023 | benzinga.com

Surpassing Expectations: First Business Finl Servs Unleashes Growth Potential and Rewards Investors

August 14, 2023 | benzinga.com

Maximizing Investor Returns: Sierra Unleashes Growth Potential with Strong Performance

August 10, 2023 | msn.com

Wall Street Analysts See a 25.92% Upside in Financial Institutions (FISI): Can the Stock Really Move This High?

August 9, 2023 | finance.yahoo.com

Five Star Bank Expands Small Business Lending Solutions Through Partnership with Numerated

August 1, 2023 | businesswire.com

Q2 Announces New Solutions to Deliver Actionable, Real-Time Security Insights to Financial Institutions

July 30, 2023 | finance.yahoo.com

Financial Institutions, Inc. (NASDAQ:FISI) Q2 2023 Earnings Call Transcript

July 29, 2023 | finance.yahoo.com

Q2 2023 Financial Institutions Inc Earnings Call

July 28, 2023 | finance.yahoo.com

Financial Institutions, Inc. Announces Second Quarter 2023 Results

July 24, 2023 | money.usnews.com

US FDIC Calls on Banks to Fix 'Inaccurate' Financial Statements

July 24, 2023 | finance.yahoo.com

Five Star Bank Promotes Scott Bader to Chief Information Security Officer

July 24, 2023 | finance.yahoo.com

Five Star Bank Promotes Scott Bader to Chief Information Security Officer

July 20, 2023 | benzinga.com

First of Long Island Demonstrates Strong Performance and Increased Profits, Maximizing Returns for Shareholders

July 20, 2023 | benzinga.com

Achieving Growth and Investor Rewards: First Bancorp Flourishes with Strong Performance and Rising Profits

July 17, 2023 | businesswire.com

Experian Releases 2023 Market Survey on Predictive Analytics and ModelOps for Financial Institutions

July 13, 2023 | markets.businessinsider.com

Financial Institutions Faces Profitability Challenges Despite Strengths: Analyst

July 3, 2023 | finance.yahoo.com

Financial Institutions, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

See More Headlines

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FISI Company Calendar

Ex-Dividend for 7/3 Dividend: 6/14/2023
Dividend Payable: 7/03/2023
Last Earnings: 7/27/2023
Ex-Dividend for 10/2 Dividend: 9/13/2023
Today: 10/01/2023
Dividend Payable: 10/02/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:FISI
CUSIP: 31758540
CIK: 862831
Web: www.five-starbank.com
Phone: (585) 786-1100
Fax: 718-786-5254
Employees: 672
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.50
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +45.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.31
Trailing P/E Ratio: 5.08
Forward P/E Ratio: 5.10
P/E Growth: N/A
Net Income: $56.57 million
Net Margins: 18.11%
Pretax Margin: 22.36%
Return on Equity: 13.27%
Return on Assets: 0.89%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 0.84
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $242.38 million
Price / Sales: 1.07
Cash Flow: $4.54 per share
Price / Cash Flow: 3.71
Book Value: $25.32 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 15,400,000
Free Float: 15,043,000
Market Cap: $259.18 million
Optionable: Optionable
Beta: 0.90

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Key Executives

Mr. Martin K. Birmingham (Age 57)
Pres, CEO & Director
Comp: $1.12M

Mr. William Jack Plants II (Age 39)
Exec. VP, CFO & Treasurer
Comp: $419.7k

Mr. Sean M. Willett (Age 51)
Exec. VP & Chief Admin. Officer
Comp: $491.63k

Mr. Justin K. Bigham (Age 49)
Exec. VP & Chief Community Banking Officer
Comp: $512.47k

Mr. Kevin B. Quinn (Age 59)
Sr. VP & Chief Commercial Banking Officer
Comp: $410.58k

Ms. Sonia Marie Dumbleton (Age 61)
Sr. VP, Controller & Principal Accounting Officer

Ms. Kate Croft
Director of Investor & External Relations

Mr. Samuel J. Burruano Jr. (Age 54)
Exec. VP, Chief Legal Officer & Corp. Sec.

Mr. Michael David Grover CPA (Age 51)
Sr. VP, Director of Financial Planning & Analysis and Tax

Mr. Craig J. Burton (Age 65)
Sr. VP, Commercial Real Estate Exec. & Finger Lakes/Southern Tier NY Regional Pres

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FISI Stock - Frequently Asked Questions

Should I buy or sell Financial Institutions stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FISI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FISI, but not buy additional shares or sell existing shares.
View FISI analyst ratings or view top-rated stocks.
What is Financial Institutions' stock price forecast for 2023?: 2 equities research analysts have issued twelve-month price targets for Financial Institutions' stock. Their FISI share price forecasts range from $20.00 to $29.00. On average, they predict the company's stock price to reach $24.50 in the next twelve months. This suggests a possible upside of 45.6% from the stock's current price.
View analysts price targets for FISI or view top-rated stocks among Wall Street analysts.
How have FISI shares performed in 2023?: Financial Institutions' stock was trading at $24.36 at the beginning of the year. Since then, FISI stock has decreased by 30.9% and is now trading at $16.83.
View the best growth stocks for 2023 here.
When is Financial Institutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our FISI earnings forecast.
How were Financial Institutions' earnings last quarter?: Financial Institutions, Inc. (NASDAQ:FISI) announced its quarterly earnings data on Thursday, July, 27th. The bank reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The bank earned $53.80 million during the quarter, compared to analysts' expectations of $51.47 million. Financial Institutions had a net margin of 18.11% and a trailing twelve-month return on equity of 13.27%.
How often does Financial Institutions pay dividends? What is the dividend yield for Financial Institutions?: Financial Institutions announced a quarterly dividend on Monday, August 21st. Stockholders of record on Thursday, September 14th will be given a dividend of $0.30 per share on Monday, October 2nd. This represents a $1.20 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend is Wednesday, September 13th.
Read our dividend analysis for FISI.
Is Financial Institutions a good dividend stock?: Financial Institutions (NASDAQ:FISI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.13%. FISI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FISI will have a dividend payout ratio of 37.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FISI.

What is John E. Benjamin's approval rating as Financial Institutions' CEO?: 1 employees have rated Financial Institutions Chief Executive Officer John E. Benjamin on Glassdoor.com. John E. Benjamin has an approval rating of 100% among the company's employees. This puts John E. Benjamin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Financial Institutions own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Financial Institutions investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Albany International (AIN), Bristol-Myers Squibb (BMY), Dominion Energy (D), Home Depot (HD), International Business Machines (IBM), Johnson & Johnson (JNJ) and Main Street Capital (MAIN).
What is Financial Institutions' stock symbol?: Financial Institutions trades on the NASDAQ under the ticker symbol "FISI."
How do I buy shares of Financial Institutions?: Shares of FISI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Financial Institutions' stock price today?: One share of FISI stock can currently be purchased for approximately $16.83.
How much money does Financial Institutions make?: Financial Institutions (NASDAQ:FISI) has a market capitalization of $259.18 million and generates $242.38 million in revenue each year. The bank earns $56.57 million in net income (profit) each year or $3.31 on an earnings per share basis.
How many employees does Financial Institutions have?: The company employs 672 workers across the globe.
How can I contact Financial Institutions?: Financial Institutions' mailing address is 220 LIBERTY STREET, WARSAW NY, 14569. The official website for the company is www.five-starbank.com. The bank can be reached via phone at (585) 786-1100, via email at sjdoran@five-starbank.com, or via fax at 718-786-5254.

This page (NASDAQ:FISI) was last updated on 10/1/2023 by MarketBeat.com Staff

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