Financial Institutions (FISI) Stock Price, News & Analysis

Company Overview

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. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company offers personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services, such as life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

Key Stats

• Today's Range: $26.54 to $26.75
• 50-Day Range: $23.84 to $27.98
• 52-Week Range: $16.29 to $28.12
• Volume: 3,138 shs
• Average Volume: 49,649 shs
• Market Capitalization: $411.66 million
• P/E Ratio: 8.37
• Dividend Yield: 4.51%
• Price Target: $22.00
• Consensus Rating: Hold

Financial Institutions Stock Analysis - MarketRank™

Financial Institutions scored higher than 63% of companies evaluated by MarketBeat, and ranked 456th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Financial Institutions has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Financial Institutions has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -15.56%

Earnings Growth

Earnings for Financial Institutions are expected to decrease by -15.56% in the coming year, from $3.60 to $3.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Financial Institutions is 8.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Financial Institutions is 8.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Financial Institutions has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.42% of the float of Financial Institutions has been sold short.

Short Interest Ratio / Days to Cover

Financial Institutions has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Financial Institutions has recently decreased by 8.68%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Financial Institutions is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Financial Institutions has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Financial Institutions is 37.74%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Financial Institutions will have a dividend payout ratio of 39.47% next year. This indicates that Financial Institutions will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.42% of the float of Financial Institutions has been sold short.

Short Interest Ratio / Days to Cover

Financial Institutions has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Financial Institutions has recently decreased by 8.68%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.17

News Sentiment

Financial Institutions has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Financial Institutions this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Financial Institutions insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.68% of the stock of Financial Institutions is held by insiders.

Percentage Held by Institutions

60.45% of the stock of Financial Institutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FISI Stock Analysis - Frequently Asked Questions

How have FISI shares performed this year?

Financial Institutions' stock was trading at $21.30 on January 1st, 2024. Since then, FISI shares have increased by 23.8% and is now trading at $26.38.
View the best growth stocks for 2024 here.

How were Financial Institutions' earnings last quarter?

Financial Institutions, Inc. (NASDAQ:FISI) released its quarterly earnings data on Thursday, October, 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The bank had revenue of $50.12 million for the quarter. Financial Institutions had a net margin of 13.72% and a trailing twelve-month return on equity of 11.32%.

Who are Financial Institutions' major shareholders?

Financial Institutions' top institutional shareholders include PL Capital Advisors LLC (11.47%), Geode Capital Management LLC (2.29%), Courier Capital LLC (2.27%) and Canandaigua National Bank & Trust Co. (1.88%). Insiders that own company stock include Martin Kearney Birmingham, Samuel M Gullo, Robert N Latella and Samuel J Burruano Jr.
View institutional ownership trends.

How do I buy shares of Financial Institutions?

Shares of FISI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Financial Institutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Financial Institutions investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 10/2 Dividend: 9/13/2024
• Dividend Payable: 10/02/2024
• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FISI
• CUSIP: 31758540
• CIK: 862831
• Web: www.five-starbank.com
• Phone: (585) 786-1100
• Fax: 718-786-5254
• Employees: 624
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.00
• High Stock Price Target: $25.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: -16.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.18
• Trailing P/E Ratio: 8.30
• Forward P/E Ratio: 7.33
• P/E Growth: N/A
• Net Income: $50.26 million
• Net Margins: 13.72%
• Pretax Margin: 16.71%
• Return on Equity: 11.32%
• Return on Assets: 0.82%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 0.86
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $334.38 million
• Price / Sales: 1.22
• Cash Flow: $3.95 per share
• Price / Cash Flow: 6.68
• Book Value: $28.40 per share
• Price / Book: 0.93

Miscellaneous

• Outstanding Shares: 15,470,000
• Free Float: 15,059,000
• Market Cap: $408.10 million
• Optionable: Optionable
• Beta: 0.90