Shares of Financial Institutions, Inc. (NASDAQ:FISI) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1-year consensus price target of $34.50 for the company and are forecasting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also given Financial Institutions an industry rank of 22 out of 265 based on the ratings given to its competitors.

A number of analysts have recently weighed in on FISI shares. ValuEngine upgraded Financial Institutions from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub lowered Financial Institutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated 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 reiterated a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a research report on Wednesday, October 4th.

In other news, Director Robert M. Glaser acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $32.34 per share, for a total transaction of $32,340.00. Following the completion of the transaction, the director now directly owns 13,451 shares in the company, valued at $435,005.34. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph L. Dugan acquired 930 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $32.15 per share, with a total value of $29,899.50. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 4,939 shares of company stock valued at $158,934. Corporate insiders own 5.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in Financial Institutions by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,034,254 shares of the bank’s stock worth $29,786,000 after buying an additional 66,983 shares during the last quarter. Commonwealth Equity Services Inc boosted its holdings in Financial Institutions by 0.9% during the third quarter. Commonwealth Equity Services Inc now owns 617,858 shares of the bank’s stock worth $17,794,000 after buying an additional 5,295 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Financial Institutions by 0.9% during the second quarter. Vanguard Group Inc. now owns 589,796 shares of the bank’s stock worth $17,576,000 after buying an additional 5,443 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Financial Institutions by 3.0% during the second quarter. JPMorgan Chase & Co. now owns 519,523 shares of the bank’s stock worth $15,481,000 after buying an additional 15,283 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Financial Institutions by 2.2% during the second quarter. Northern Trust Corp now owns 281,828 shares of the bank’s stock worth $8,398,000 after buying an additional 6,132 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Financial Institutions (NASDAQ:FISI) traded up $0.60 during trading on Thursday, reaching $32.25. The company’s stock had a trading volume of 70,449 shares, compared to its average volume of 48,243. Financial Institutions has a 1 year low of $25.65 and a 1 year high of $35.40. The firm has a market capitalization of $503.94, a price-to-earnings ratio of 16.04 and a beta of 1.24. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.73%. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, December 13th. Financial Institutions’s dividend payout ratio (DPR) is presently 43.78%.

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About Financial Institutions

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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