Financial Institutions (NASDAQ:FISI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. ValuEngine cut shares of Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Hovde Group reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Financial Institutions in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods cut shares of Financial Institutions to a “market perform” rating and set a $35.00 price objective on the stock. in a report on Thursday, March 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.38.

Shares of NASDAQ:FISI opened at $31.85 on Wednesday. The firm has a market cap of $504.20 million, a price-to-earnings ratio of 16.42 and a beta of 1.15. Financial Institutions has a 1-year low of $25.65 and a 1-year high of $34.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.78 and a current ratio of 0.78.

Financial Institutions (NASDAQ:FISI) last issued its earnings results on Thursday, April 26th. The bank reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The business had revenue of $38.61 million for the quarter. Financial Institutions had a return on equity of 9.10% and a net margin of 20.41%. equities research analysts anticipate that Financial Institutions will post 2.4 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its holdings in shares of Financial Institutions by 18.6% in the 1st quarter. Aperio Group LLC now owns 13,975 shares of the bank’s stock worth $414,000 after acquiring an additional 2,187 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Financial Institutions by 10.1% in the 1st quarter. Wells Fargo & Company MN now owns 23,958 shares of the bank’s stock worth $709,000 after acquiring an additional 2,193 shares during the period. California Public Employees Retirement System increased its holdings in shares of Financial Institutions by 6.4% in the 1st quarter. California Public Employees Retirement System now owns 49,699 shares of the bank’s stock worth $1,471,000 after acquiring an additional 2,989 shares during the period. Two Sigma Investments LP increased its stake in Financial Institutions by 5.2% during the 4th quarter. Two Sigma Investments LP now owns 61,181 shares of the bank’s stock valued at $1,903,000 after buying an additional 3,016 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Financial Institutions by 14.5% during the 4th quarter. Sterling Capital Management LLC now owns 27,625 shares of the bank’s stock valued at $859,000 after buying an additional 3,494 shares during the period. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Financial Institutions Company Profile

Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.

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