Parametric Portfolio Associates LLC trimmed its holdings in Financial Institutions, Inc. (NASDAQ:FISI) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,393 shares of the bank’s stock after selling 516 shares during the period. Parametric Portfolio Associates LLC owned 0.19% of Financial Institutions worth $846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Financial Institutions by 10.1% in the first quarter. Vanguard Group Inc. now owns 584,353 shares of the bank’s stock valued at $19,255,000 after buying an additional 53,552 shares during the last quarter. American International Group Inc. lifted its position in shares of Financial Institutions by 1.1% in the first quarter. American International Group Inc. now owns 8,060 shares of the bank’s stock valued at $266,000 after buying an additional 85 shares during the last quarter. Aperio Group LLC lifted its position in shares of Financial Institutions by 48.6% in the second quarter. Aperio Group LLC now owns 12,127 shares of the bank’s stock valued at $361,000 after buying an additional 3,964 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Financial Institutions by 53.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,064 shares of the bank’s stock valued at $3,727,000 after buying an additional 43,526 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Financial Institutions by 0.6% in the first quarter. FMR LLC now owns 365,500 shares of the bank’s stock valued at $12,044,000 after buying an additional 2,000 shares during the last quarter. 66.32% of the stock is owned by institutional investors.

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A number of analysts have recently issued reports on the company. ValuEngine cut Financial Institutions from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Financial Institutions in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a research report on Wednesday, October 4th.

Financial Institutions, Inc. (FISI) opened at $31.40 on Monday. The firm has a market capitalization of $490.67, a P/E ratio of 15.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. Financial Institutions, Inc. has a 52 week low of $25.65 and a 52 week high of $35.40.

Financial Institutions (NASDAQ:FISI) last announced its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $37.01 million for the quarter. Financial Institutions had a return on equity of 9.66% and a net margin of 19.46%. research analysts expect that Financial Institutions, Inc. will post 1.94 EPS for the current year.

Financial Institutions 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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Institutional Ownership by Quarter for Financial Institutions (NASDAQ:FISI)

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