NASDAQ:FISIFinancial Institutions Stock Price, Forecast & News

$16.90

+0.54 (+3.30 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$16.46

Now: $16.90▼

$16.96

50-Day Range

$14.31

MA: $16.82▼

$20.62

52-Week Range

$12.78

Now: $16.90▼

$33.28

Volume40,302 shs

Average Volume62,341 shs

Market Capitalization$270.74 million

P/E Ratio7.32

Dividend Yield6.15%

Beta1.11

Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts. It also provides short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry for short-term crop production, farm equipment, and livestock financing; commercial mortgage loans to finance the purchase of real property; and one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit, as well as consumer loans, such as automobile, recreational vehicle, boat, personal, and deposit account collateralized loans. In addition, the company provides personal insurance, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance, such as property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services comprising life and disability insurance, Medicare supplements, long-term care, annuities, mutual funds, and retirement programs. Further, it offers customized investment advice and 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. The company operates a network of 53 offices in the New York State. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Financial Institutions.

2.2 Community Rank

Outperform Votes
Financial Institutions has received 274 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Financial Institutions has received 362 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Financial Institutions has received 56.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Financial Institutions and other stocks. Vote “Outperform” if you believe FISI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FISI will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Financial Institutions is a leading dividend payer. It pays a dividend yield of 6.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Financial Institutions has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Financial Institutions is 35.14 %. 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 60.47 % next year. This indicates that Financial Institutions will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Financial Institutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought $226,502.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.05% of the stock of Financial Institutions is held by insiders.
Percentage Held by Institutions
70.49% of the stock of Financial Institutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Financial Institutions are expected to grow by 28.36% in the coming year, from $1.34 to $1.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Financial Institutions is 7.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Financial Institutions is 7.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.63.
Price to Book Value per Share Ratio
Financial Institutions has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.53 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FISI

Previous Symbol

CUSIP31758540

CIK862831

Webwww.five-starbank.com

Phone585-786-1110

Debt

Debt-to-Equity Ratio0.09

Current Ratio0.86

Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio7.32

Forward P/E Ratio12.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$209.18 million

Price / Sales1.29

Cash Flow$3.70 per share

Price / Cash Flow4.57

Book Value$26.35 per share

Price / Book0.64

Profitability

EPS (Most Recent Fiscal Year)$2.96

Net Income$48.86 million

Net Margins18.30%

Return on Equity9.25%

Return on Assets0.88%

Miscellaneous

Employees687

Outstanding Shares16,020,000

Market Cap$270.74 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Financial Institutions (NASDAQ:FISI) Frequently Asked Questions

How has Financial Institutions' stock been impacted by COVID-19 (Coronavirus)?

Financial Institutions' stock was trading at $20.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FISI stock has decreased by 16.1% and is now trading at $16.90. View which stocks have been most impacted by Coronavirus.

When is Financial Institutions' next earnings date?

Financial Institutions is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Financial Institutions.

How were Financial Institutions' earnings last quarter?

Financial Institutions, Inc. (NASDAQ:FISI) posted its quarterly earnings results on Thursday, April, 30th. The bank reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by $0.40. The bank had revenue of $43.09 million for the quarter, compared to the consensus estimate of $43.16 million. Financial Institutions had a net margin of 18.30% and a return on equity of 9.25%. View Financial Institutions' earnings history.

How often does Financial Institutions pay dividends? What is the dividend yield for Financial Institutions?

Financial Institutions declared a quarterly dividend on Thursday, February 27th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.26 per share on Thursday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a positive change from Financial Institutions's previous quarterly dividend of $0.25. View Financial Institutions' dividend history.

Has Financial Institutions been receiving favorable news coverage?

News articles about FISI stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Financial Institutions earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutFinancial Institutions.

Are investors shorting Financial Institutions?

Financial Institutions saw a drop in short interest in April. As of April 15th, there was short interest totaling 81,800 shares, a drop of 8.6% from the March 31st total of 89,500 shares. Based on an average trading volume of 47,300 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the company's stock are short sold. View Financial Institutions' Current Options Chain.

Who are some of Financial Institutions' key competitors?

Some companies that are related to Financial Institutions include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

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), Albany International (AIN), Verizon Communications (VZ), AbbVie (ABBV), Dominion Energy (D), IBM (IBM), Main Street Capital (MAIN), Altria Group (MO), ONEOK (OKE) and Pfizer (PFE).

Who are Financial Institutions' key executives?

Financial Institutions' management team includes the following people:

Mr. Martin K. Birmingham, Pres, CEO & Director (Age 53)
Mr. William L. Kreienberg, Exec. VP, Chief Banking & Revenue Officer and Gen. Counsel (Age 61)
Mr. Kevin B. Klotzbach, Exec. VP & Sr. Financial Advisor (Age 66)
Mr. Joseph L. Dugan, Sr. VP and Chief Customer Experience & Go to Market Officer of Five Star Bank (Age 57)
Mr. Justin K. Bigham, Exec. VP, CFO & Treasurer (Age 45)

What is Financial Institutions' stock symbol?

Financial Institutions trades on the NASDAQ under the ticker symbol "FISI."

Who are Financial Institutions' major shareholders?

Financial Institutions' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.10%), Commonwealth Equity Services LLC (3.76%), State Street Corp (2.37%), JPMorgan Chase & Co. (2.00%), Geode Capital Management LLC (1.61%) and BHZ Capital Management LP (1.32%). Company insiders that own Financial Institutions stock include Andrew W Dorn Jr, David G Case, Joseph L Dugan, Martin Kearney Birmingham, Michael D Burneal, Robert M Glaser and Samuel J Burruano Jr. View institutional ownership trends for Financial Institutions.

Which institutional investors are selling Financial Institutions stock?

FISI stock was sold by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, JPMorgan Chase & Co., Morgan Stanley, Victory Capital Management Inc., Victory Capital Management Inc., AJO LP, UBS Group AG, and Bank of New York Mellon Corp. View insider buying and selling activity for Financial Institutions.

Which institutional investors are buying Financial Institutions stock?

FISI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Matarin Capital Management LLC, Acadian Asset Management LLC, HNP Capital LLC, Fuller & Thaler Asset Management Inc., BHZ Capital Management LP, Two Sigma Investments LP, and State Street Corp. Company insiders that have bought Financial Institutions stock in the last two years include Andrew W Dorn Jr, Joseph L Dugan, Martin Kearney Birmingham, Michael D Burneal, Robert M Glaser, and Samuel J Burruano Jr. View insider buying and selling activity for Financial Institutions.

How do I buy shares of Financial Institutions?

Shares of FISI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Financial Institutions' stock price today?

One share of FISI stock can currently be purchased for approximately $16.90.

How big of a company is Financial Institutions?

Financial Institutions has a market capitalization of $270.74 million and generates $209.18 million in revenue each year. The bank earns $48.86 million in net income (profit) each year or $2.96 on an earnings per share basis. Financial Institutions employs 687 workers across the globe.

What is Financial Institutions' official website?

The official website for Financial Institutions is www.five-starbank.com.

How can I contact Financial Institutions?

Financial Institutions' mailing address is 220 LIBERTY STREET, WARSAW NY, 14569. The bank can be reached via phone at 585-786-1110 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff