Financial Institutions Stock Forecast, Price & News

Financial Institutions' stock was trading at $20.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FISI stock has decreased by 19.5% and is now trading at $16.22.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Financial Institutions.

Financial Institutions is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Financial Institutions.

Financial Institutions, Inc. (NASDAQ:FISI) announced its quarterly earnings results on Wednesday, July, 29th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.27 by $0.40. The bank earned $44.01 million during the quarter, compared to analyst estimates of $42.72 million. Financial Institutions had a net margin of 18.20% and a return on equity of 8.96%.
View Financial Institutions' earnings history.

Financial Institutions declared a quarterly dividend on Tuesday, August 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.26 per share on Friday, October 2nd. This represents a $1.04 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Thursday, September 10th.
View Financial Institutions' dividend history.

3 brokerages have issued twelve-month target prices for Financial Institutions' stock. Their forecasts range from $22.00 to $23.00. On average, they expect Financial Institutions' stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price.
View analysts' price targets for Financial Institutions.

News headlines about FISI stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring 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 five, with scores nearest to five being the most favorable. Financial Institutions earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Financial Institutions.

Financial Institutions saw a decline in short interest in September. As of September 30th, there was short interest totaling 126,900 shares, a decline of 27.9% from the September 15th total of 176,000 shares. Based on an average trading volume of 63,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.8% of the shares of the company are sold short.
View Financial Institutions' Short Interest.

Some companies that are related to Financial Institutions include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA) and Cullen/Frost Bankers (CFR).
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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).

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

Financial Institutions' stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (2.63%), Canandaigua National Corp (2.41%), Foundry Partners LLC (0.92%), Bowling Portfolio Management LLC (0.09%), Patriot Financial Group Insurance Agency LLC (0.03%) and Nisa Investment Advisors LLC (0.02%). 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.

FISI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Bowling Portfolio Management LLC, and Canandaigua National Corp.
View insider buying and selling activity for Financial Institutions.

FISI stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Patriot Financial Group Insurance Agency LLC, and Nisa Investment Advisors LLC. 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.

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.

One share of FISI stock can currently be purchased for approximately $16.22.

Financial Institutions has a market capitalization of $260.14 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 650 workers across the globe.

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

Financial Institutions' mailing address is 220 LIBERTY STREET, WARSAW NY, 14569. The bank can be reached via phone at 585-786-1100 or via email at [email protected]