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NASDAQ:FISIFinancial Institutions Stock Price, Forecast & News

$17.64
+0.37 (+2.14 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$17.01
Now: $17.64
$17.68
50-Day Range
$14.34
MA: $16.37
$18.09
52-Week Range
$12.78
Now: $17.64
$33.28
Volume35,774 shs
Average Volume52,105 shs
Market Capitalization$282.91 million
P/E Ratio7.70
Dividend Yield6.02%
Beta0.99
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FISI
CUSIP31758540
Phone585-786-1110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$209.18 million
Cash Flow$3.85 per share
Book Value$26.35 per share

Profitability

Net Income$48.86 million

Miscellaneous

Employees687
Market Cap$282.91 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$17.64
+0.37 (+2.14 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Financial Institutions (NASDAQ:FISI) Frequently Asked Questions

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

Financial Institutions' stock was trading at $20.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FISI stock has decreased by 12.5% and is now trading at $17.64.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Financial Institutions?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Financial Institutions
.

When is Financial Institutions' next earnings date?

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

How were Financial Institutions' earnings last quarter?

Financial Institutions, Inc. (NASDAQ:FISI) issued its quarterly earnings results on Wednesday, July, 29th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.40. The bank earned $44.01 million during the quarter, compared to analysts' expectations of $42.72 million. Financial Institutions had a return on equity of 8.96% and a net margin of 18.20%.
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 Wednesday, May 27th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.26 per share on Thursday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Thursday, June 11th.
View Financial Institutions' dividend history
.

What price target have analysts set for FISI?

2 Wall Street analysts have issued 1-year price objectives for Financial Institutions' stock. Their forecasts range from $22.00 to $22.00. On average, they expect Financial Institutions' stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 24.7% from the stock's current price.
View analysts' price targets for Financial Institutions
.

Has Financial Institutions been receiving favorable news coverage?

News headlines about FISI stock have trended positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Financial Institutions earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Financial Institutions
.

Are investors shorting Financial Institutions?

Financial Institutions saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 230,400 shares, an increase of 105.3% from the June 15th total of 112,200 shares. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is presently 4.0 days. Approximately 1.5% of the shares of the company are short sold.
View Financial Institutions' Short Interest
.

Who are some of Financial Institutions' key 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 institutional and retail investors. Top institutional investors include LSV Asset Management (2.76%), Canandaigua National Corp (2.47%), Prudential Financial Inc. (1.68%), BHZ Capital Management LP (1.33%), AJO LP (1.30%) and Foundry Partners LLC (0.76%). Company insiders that own Financial Institutions stock include Andrew W Dorn Jr, Joseph L Dugan, Martin Kearney Birmingham, 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 Mackay Shields LLC, LSV Asset Management, Grantham Mayo Van Otterloo & Co. LLC, Bowling Portfolio Management LLC, UBS Group AG, ClariVest Asset Management LLC, and Man Group plc.
View insider buying and selling activity for Financial Institutions
.

Which institutional investors are buying Financial Institutions stock?

FISI stock was bought by a variety of institutional investors in the last quarter, including Canandaigua National Corp, Trexquant Investment LP, WINTON GROUP Ltd, AJO LP, Goldman Sachs Group Inc., Russell Investments Group Ltd., Prudential Financial Inc., and Bank of Montreal Can. Company insiders that have bought Financial Institutions stock in the last two years include Andrew W Dorn Jr, Joseph L Dugan, Martin Kearney Birmingham, 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 $17.64.

How big of a company is Financial Institutions?

Financial Institutions has a market capitalization of $282.91 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 8/15/2020 by MarketBeat.com Staff

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