Financial Institutions, Inc. (FISI) CEO Martin Kearney Birmingham Acquires 1,000 Shares
Financial Institutions, Inc. (NASDAQ:FISI) CEO Martin Kearney Birmingham bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the chief executive officer now directly owns 82,916 shares of the company’s stock, valued at approximately $2,624,291.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Financial Institutions, Inc. (FISI) traded up $0.05 during trading hours on Wednesday, hitting $31.90. 62,400 shares of the company traded hands, compared to its average volume of 60,899. Financial Institutions, Inc. has a twelve month low of $25.65 and a twelve month high of $35.40. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $497.70, a PE ratio of 15.85 and a beta of 1.26.
Financial Institutions (NASDAQ:FISI) last released its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. Financial Institutions had a net margin of 19.46% and a return on equity of 9.66%. The business had revenue of $37.01 million during the quarter. research analysts predict that Financial Institutions, Inc. will post 1.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.22 per share. This is an increase from Financial Institutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.88 annualized dividend and a yield of 2.76%. Financial Institutions’s dividend payout ratio (DPR) is currently 41.79%.
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A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Financial Institutions during the 3rd quarter valued at $429,000. California Public Employees Retirement System lifted its holdings in Financial Institutions by 16.7% during the 3rd quarter. California Public Employees Retirement System now owns 42,606 shares of the bank’s stock valued at $1,227,000 after purchasing an additional 6,106 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Financial Institutions by 12.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 56,995 shares of the bank’s stock valued at $1,641,000 after purchasing an additional 6,500 shares during the last quarter. Maltese Capital Management LLC acquired a new stake in Financial Institutions during the 3rd quarter valued at $608,000. Finally, Mackenzie Financial Corp lifted its holdings in Financial Institutions by 16.8% during the 3rd quarter. Mackenzie Financial Corp now owns 21,162 shares of the bank’s stock valued at $609,000 after purchasing an additional 3,041 shares during the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 target price on shares of Financial Institutions in a research note on Thursday, October 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 target price on shares of Financial Institutions in a research note on Wednesday, October 4th. Finally, ValuEngine raised shares of Financial Institutions from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
Financial Institutions Company Profile
Financial Institutions, Inc is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company.
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