NASDAQ:FISI

Financial Institutions Stock Forecast, Price & News

$24.63

-0.48 (-1.91 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$24.28

Now: $24.63▼

$24.91

50-Day Range

$20.01

MA: $22.59▼

$25.52

52-Week Range

$12.78

Now: $24.63▼

$32.39

Volume76,297 shs

Average Volume81,640 shs

Market Capitalization$395.02 million

P/E Ratio10.95

Dividend Yield4.22%

Beta1.15

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, sweep investments, and individual retirement and other qualified plan 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, 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 comprising 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. 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.

MarketRank^™

Overall MarketRank^™

2.44 out of 5 stars

Finance Sector

45th out of 301 stocks

National Commercial Banks Industry

9th out of 40 stocks

1.3 Analyst's Opinion

Consensus Rating
Financial Institutions has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.33, Financial Institutions has a forecasted downside of 5.3% from its current price of $24.63.
Amount of Analyst Coverage
Financial Institutions has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Financial Institutions has received 279 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Financial Institutions has received 379 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Financial Institutions has received 57.60% “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 4.22%, 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 38.10% next year. This indicates that Financial Institutions will be able to sustain or increase its dividend.

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 4.03% of the stock of Financial Institutions is held by insiders.
Percentage Held by Institutions
67.00% of the stock of Financial Institutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Financial Institutions are expected to grow by 20.80% in the coming year, from $2.26 to $2.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Financial Institutions is 10.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Financial Institutions is 10.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.38.
Price to Book Value per Share Ratio
Financial Institutions has a P/B Ratio of 0.93. 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

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

Phone585-786-1100

Employees630

Debt

Debt-to-Equity Ratio0.09

Current Ratio0.87

Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio10.95

Forward P/E Ratio10.90

P/E GrowthN/A

Sales & Book Value

Annual Sales$209.18 million

Price / Sales1.89

Cash Flow$3.67 per share

Price / Cash Flow6.71

Book Value$26.35 per share

Price / Book0.93

Profitability

EPS (Most Recent Fiscal Year)$2.96

Net Income$48.86 million

Net Margins18.17%

Return on Equity8.70%

Return on Assets0.81%

Miscellaneous

Outstanding Shares16,038,000

Market Cap$395.02 million

Next Earnings Date1/28/2021 (Confirmed)

OptionableOptionable

$24.63

-0.48 (-1.91 %)

(As of 01/15/2021 12:00 AM 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 been impacted by COVID-19?

Financial Institutions' stock was trading at $20.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FISI shares have increased by 22.2% and is now trading at $24.63.
View which stocks have been most impacted by COVID-19.

Is Financial Institutions a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Financial Institutions in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Financial Institutions stock.
View analyst ratings for Financial Institutions or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Financial Institutions?

Wall Street analysts have given Financial Institutions a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Financial Institutions wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Financial Institutions' next earnings date?

Financial Institutions is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Financial Institutions.

How can I listen to Financial Institutions' earnings call?

Financial Institutions will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Financial Institutions' earnings last quarter?

Financial Institutions, Inc. (NASDAQ:FISI) released its earnings results on Thursday, October, 29th. The bank reported $0.74 EPS for the quarter, topping the consensus estimate of $0.49 by $0.25. The bank had revenue of $47.90 million for the quarter, compared to analysts' expectations of $44.06 million. Financial Institutions had a return on equity of 8.70% and a net margin of 18.17%.
View Financial Institutions' earnings history.

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

Financial Institutions announced a quarterly dividend on Wednesday, November 25th. Stockholders of record on Monday, December 21st will be paid a dividend of $0.26 per share on Monday, January 4th. This represents a $1.04 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, December 18th.
View Financial Institutions' dividend history.

Is Financial Institutions a good dividend stock?

Financial Institutions pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.22%. FISI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Financial Institutions has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Financial Institutions is 35.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Financial Institutions will have a dividend payout ratio of 38.10% next year. This indicates that Financial Institutions will be able to sustain or increase its dividend.
View Financial Institutions' dividend history.

What price target have analysts set for FISI?

3 brokerages have issued 1-year target prices for Financial Institutions' stock. Their forecasts range from $22.00 to $25.00. On average, they anticipate Financial Institutions' stock price to reach $23.33 in the next twelve months. This suggests that the stock has a possible downside of 5.3%.
View analysts' price targets for Financial Institutions or view Wall Street analyst' top-rated stocks.

Are investors shorting Financial Institutions?

Financial Institutions saw a increase in short interest in December. As of December 31st, there was short interest totaling 158,300 shares, an increase of 15.6% from the December 15th total of 136,900 shares. Based on an average daily volume of 58,200 shares, the short-interest ratio is presently 2.7 days. Currently, 1.0% of the company's stock are short sold.
View Financial Institutions' Short Interest.

Who are some of Financial Institutions' key competitors?

Some companies that are related to Financial Institutions include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), First Horizon (FHN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of FISI's 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), Verizon Communications (VZ), AbbVie (ABBV), Albany International (AIN), Bristol-Myers Squibb (BMY), Dominion Energy (D), The Home Depot (HD), International Business Machines (IBM), Johnson & Johnson (JNJ) and Main Street Capital (MAIN).

Who are Financial Institutions' key executives?

Financial Institutions' management team includes the following people:

Mr. Martin K. Birmingham, Pres, CEO & Director (Age 54, Pay $864.28k)
Mr. Justin K. Bigham, Exec. VP & CFO (Age 46, Pay $400.13k)
Mr. Joseph L. Dugan, Sr. VP and Chief Experience & Go to Market Officer of Five Star Bank (Age 58, Pay $336.73k)
Ms. Sonia Marie Dumbleton, Sr. VP, Controller & Principal Accounting Officer (Age 58)
Ms. Shelly J. Doran, Sr. VP and Director of Investor & External Relations
Mr. Samuel J. Burruano Jr., Interim Chief HR Officer, SVP, Gen. Counsel & Corp. Sec. (Age 51)
Mr. Michael David Grover CPA, Sr. VP, Director of Financial Planning & Analysis and Tax (Age 48)
Mr. Sean M. Willett, Sr. VP & Chief Admin. Officer of Five Star Bank (Age 48)

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 Wedge Capital Management L L P NC (0.27%) and Patriot Financial Group Insurance Agency LLC (0.04%). 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 major investors are selling Financial Institutions stock?

FISI stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC.
View insider buying and selling activity for Financial Institutions or view top insider-selling stocks.

Which major investors are buying Financial Institutions stock?

FISI stock was bought by a variety of institutional investors in the last quarter, including Patriot Financial Group Insurance Agency 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 or or view top insider-buying stocks.

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 WeBull, 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 $24.63.

How big of a company is Financial Institutions?

Financial Institutions has a market capitalization of $395.02 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 630 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 585-786-1100 or via email at [email protected]

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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