1 day Ago By ABMN Staff
American Century Companies Inc. grew its position in shares of Financial Institutions, Inc. ( NASDAQ:FISI – Free Report ) by 38.
1% in the 4th quarter, HoldingsChannel reports. The firm owned 424,825 shares of the bank’s stock after acquiring an additional 117,142 shares during the quarter. American Century Companies Inc.
’s holdings in Financial Institutions were worth $11,593,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of FISI. Charles Schwab Investment Management Inc.
lifted its position in Financial Institutions by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 124,428 shares of the bank’s stock worth $3,169,000 after buying an additional 417 shares during the last quarter. FMR LLC lifted its holdings in shares of Financial Institutions by 18.6% in the 3rd quarter.
FMR LLC now owns 38,368 shares of the bank’s stock worth $977,000 after acquiring an additional 6,025 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Financial Institutions by 421.4% in the 3rd quarter.
BNP Paribas Financial Markets now owns 19,793 shares of the bank’s stock valued at $504,000 after purchasing an additional 15,997 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Financial Institutions by 1.
9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 59,725 shares of the bank’s stock valued at $1,521,000 after purchasing an additional 1,137 shares during the last quarter.
Finally, State Street Corp raised its position in Financial Institutions by 6.5% in the 3rd quarter. State Street Corp now owns 283,707 shares of the bank’s stock worth $7,309,000 after purchasing an additional 17,395 shares during the period.
60.45% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several analysts have issued reports on the stock.
Stephens restated an “equal weight” rating and set a $32.00 price target on shares of Financial Institutions in a research report on Tuesday, March 11th. Piper Sandler began coverage on Financial Institutions in a research report on Friday, December 20th.
They set an “overweight” rating and a $33.00 price target on the stock. StockNews.
com upgraded Financial Institutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods raised Financial Institutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $29.00 to $34.
00 in a research note on Monday, February 3rd. Financial Institutions Stock Down 0.5 % NASDAQ FISI opened at $24.
84 on Wednesday. The business’s 50-day moving average is $27.09 and its 200 day moving average is $26.
59. The stock has a market capitalization of $498.74 million, a PE ratio of -17.
13 and a beta of 0.86. The company has a debt-to-equity ratio of 0.
26, a current ratio of 0.86 and a quick ratio of 0.86.
Financial Institutions, Inc. has a 1 year low of $16.29 and a 1 year high of $29.
79. Financial Institutions ( NASDAQ:FISI – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.
54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.20).
Financial Institutions had a positive return on equity of 11.12% and a negative net margin of 6.69%.
Sell-side analysts forecast that Financial Institutions, Inc. will post 3.3 earnings per share for the current year.
Financial Institutions Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 14th will be issued a $0.31 dividend.
The ex-dividend date is Friday, March 14th. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.30.
This represents a $1.24 annualized dividend and a yield of 4.99%.
Financial Institutions’s dividend payout ratio is -85.52%. About Financial Institutions ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding FISI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Financial Institutions, Inc.
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