Financial Institutions - FISI Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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.

1 analysts have issued 12 month target prices for Financial Institutions' stock. Their FISI share price forecasts range from $29.00 to $29.00. On average, they anticipate the company's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 48.2% from the stock's current price.
View analysts price targets for FISI or view top-rated stocks among Wall Street analysts.

Financial Institutions' stock was trading at $24.36 at the beginning of the year. Since then, FISI stock has decreased by 19.7% and is now trading at $19.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our FISI earnings forecast.

Financial Institutions, Inc. (NASDAQ:FISI) released its earnings results on Thursday, October, 28th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.09. The bank earned $50.36 million during the quarter, compared to analyst estimates of $49.79 million. Financial Institutions had a net margin of 23.34% and a trailing twelve-month return on equity of 14.12%. During the same period in the previous year, the business posted $0.74 EPS.

Financial Institutions announced a quarterly dividend on Friday, February 17th. Shareholders of record on Thursday, March 16th will be paid a dividend of $0.30 per share on Monday, April 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Wednesday, March 15th. This is a boost from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for FISI.

ETFs with the largest weight of Financial Institutions (NASDAQ:FISI) stock in their portfolio include Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST),

Financial Institutions (NASDAQ:FISI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.26%. 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 33.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FISI will have a dividend payout ratio of 37.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FISI.

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.

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 shareholders include Dimensional Fund Advisors LP (8.23%), LSV Asset Management (2.52%), Canandaigua National Corp (2.16%), Renaissance Technologies LLC (1.90%), Geode Capital Management LLC (1.83%) and Morgan Stanley (1.52%). Insiders that own company stock include Andrew W Dorn Jr, James F Stern, Martin Kearney Birmingham, Robert M Glaser, Samuel J Burruano Jr and William Jack Plants II.
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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.
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One share of FISI stock can currently be purchased for approximately $19.57.

Financial Institutions (NASDAQ:FISI) has a market capitalization of $300.99 million and generates $242.38 million in revenue each year. The bank earns $56.57 million in net income (profit) each year or $3.56 on an earnings per share basis.

The company employs 600 workers across the globe.

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.