8,567 Shares in Financial Institutions, Inc. (NASDAQ:FISI) Bought by Stonebrook Private Inc.

Stonebrook Private Inc. acquired a new stake in shares of Financial Institutions, Inc. (NASDAQ:FISI) during the 3rd quarter, HoldingsChannel reports. The fund acquired 8,567 shares of the bank’s stock, valued at approximately $218,000.

Several other institutional investors have also modified their holdings of FISI. Innealta Capital LLC acquired a new stake in shares of Financial Institutions in the second quarter worth approximately $25,000. US Bancorp DE lifted its holdings in Financial Institutions by 119.3% in the 3rd quarter. US Bancorp DE now owns 2,572 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,399 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Financial Institutions during the 1st quarter worth $98,000. CWM LLC grew its holdings in shares of Financial Institutions by 150.4% during the second quarter. CWM LLC now owns 5,438 shares of the bank’s stock worth $105,000 after buying an additional 3,266 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Financial Institutions in the third quarter valued at about $164,000. Institutional investors and hedge funds own 60.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FISI shares. StockNews.com lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price target (up from $20.00) on shares of Financial Institutions in a research report on Monday, July 29th.

Financial Institutions Trading Up 1.6 %

Shares of FISI stock opened at $27.90 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Financial Institutions, Inc. has a twelve month low of $16.29 and a twelve month high of $28.14. The company’s 50-day moving average price is $25.67 and its 200-day moving average price is $22.74. The stock has a market cap of $431.61 million, a price-to-earnings ratio of 8.77 and a beta of 0.90.

Financial Institutions (NASDAQ:FISI) last posted its earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $50.12 million for the quarter. Financial Institutions had a net margin of 13.72% and a return on equity of 11.32%. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, equities analysts predict that Financial Institutions, Inc. will post 3.6 earnings per share for the current year.

Financial Institutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 annualized dividend and a yield of 4.30%. Financial Institutions’s dividend payout ratio (DPR) is 37.74%.

Financial Institutions Profile

Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.