Financial Institutions, Inc. (NASDAQ:FISI) insider Joseph L. Dugan acquired 930 shares of Financial Institutions stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $29,899.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Financial Institutions, Inc. (FISI) traded down $0.20 during mid-day trading on Friday, reaching $31.95. 26,280 shares of the company traded hands, compared to its average volume of 60,762. Financial Institutions, Inc. has a 1 year low of $25.65 and a 1 year 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 firm has a market capitalization of $502.39, a price-to-earnings ratio of 15.99 and a beta of 1.26.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.52 EPS for the quarter, topping 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 firm had revenue of $37.01 million during the quarter. sell-side analysts anticipate that Financial Institutions, Inc. will post 1.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 14th will be given a dividend of $0.22 per share. This is a positive change 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 2.75%. Financial Institutions’s dividend payout ratio is 41.79%.

Hedge funds have recently modified their holdings of the stock. Brandywine Global Investment Management LLC increased its position in Financial Institutions by 17.4% during the second quarter. Brandywine Global Investment Management LLC now owns 4,732 shares of the bank’s stock worth $142,000 after purchasing an additional 702 shares during the last quarter. SG Americas Securities LLC acquired a new position in Financial Institutions during the third quarter worth approximately $139,000. Dynamic Technology Lab Private Ltd acquired a new position in Financial Institutions during the second quarter worth approximately $216,000. Virtu KCG Holdings LLC acquired a new position in Financial Institutions during the second quarter worth approximately $219,000. Finally, Smith Asset Management Group LP increased its position in Financial Institutions by 820.2% during the second quarter. Smith Asset Management Group LP now owns 7,638 shares of the bank’s stock worth $228,000 after purchasing an additional 6,808 shares during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on FISI shares. Piper Jaffray Companies reissued a “hold” rating and set a $31.50 price objective on shares of Financial Institutions in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price objective on shares of Financial Institutions in a research note on Friday, September 22nd. Finally, ValuEngine raised shares of Financial Institutions from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.

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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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