Financial Institutions, Inc. (NASDAQ:FISI) Position Raised by Empowered Funds LLC

Empowered Funds LLC raised its stake in Financial Institutions, Inc. (NASDAQ:FISI) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 66,450 shares of the bank’s stock after acquiring an additional 3,350 shares during the period. Empowered Funds LLC’s holdings in Financial Institutions were worth $1,692,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 price target (up previously from $20.00) on shares of Financial Institutions in a research note on Monday, July 29th. StockNews.com cut Financial Institutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Financial Institutions Trading Down 0.1 %

Shares of Financial Institutions stock opened at $26.38 on Thursday. Financial Institutions, Inc. has a 12-month low of $16.29 and a 12-month high of $28.12. The stock has a market capitalization of $408.10 million, a P/E ratio of 8.28 and a beta of 0.90. The company has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $22.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26.

Financial Institutions (NASDAQ:FISI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. Financial Institutions had a return on equity of 11.32% and a net margin of 13.72%. The company had revenue of $50.12 million for the quarter. During the same period in the prior year, the firm posted $0.88 EPS. Research analysts expect that Financial Institutions, Inc. will post 3.6 earnings per share for the current fiscal year.

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.