Stock of The Day: Is Financial Institutions, Inc. a Buy? The Stock Reaches 52-Week High Today

Stock of The Day: Is Financial Institutions, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Financial Institutions, Inc. (NASDAQ:FISI) hit a new 52-week high and has $70.69 target or 141.00% above today’s $29.33 share price. The 6 months bullish chart indicates low risk for the $426.77 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $70.69 price target is reached, the company will be worth $601.75 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,721 shares traded hands or 180.47% up from the average. Financial Institutions, Inc. (NASDAQ:FISI) has risen 2.05% since April 11, 2016 and is uptrending. It has underperformed by 4.09% the S&P500.

According to Zacks Investment Research, “Financial Institution Inc. is a bank holding company. The banks provide a wide range of consumer and commercial banking services and products to individuals, municipalities and small and medium size businesses, including agribusiness. While the banks function as community banks, the company strives to provide their customers with a broad range of competitive services generally provided only by larger, regional banks.”

Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.55, from 1.07 in 2016Q1. The ratio improved, as 3 funds sold all Financial Institutions, Inc. shares owned while 26 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 8.54 million shares or 2.51% less from 8.77 million shares in 2016Q1.
New York State Common Retirement Fund has 0% invested in the company for 31,005 shares. Blackrock Institutional Na accumulated 480,577 shares or 0% of the stock. Teachers Advisors accumulated 21,178 shares or 0% of the stock. Swiss Retail Bank reported 19,000 shares or 0% of all its holdings. Moreover, Northern Tru Corporation has 0% invested in Financial Institutions, Inc. (NASDAQ:FISI) for 257,910 shares. Matarin Capital Mgmt Ltd Com reported 15,609 shares or 0% of all its holdings. Comml Bank Of America Corp De last reported 8,924 shares in the company. Vanguard Grp Inc Inc owns 518,280 shares or 0% of their US portfolio. Alphaone Invest Svcs Ltd owns 129,628 shares or 1.25% of their US portfolio. Citigroup last reported 0% of its portfolio in the stock. Pnc Gru, a Pennsylvania-based fund reported 871 shares. Manufacturers Life Ins The owns 11,170 shares or 0% of their US portfolio. Federated Investors Pa holds 1,114 shares or 0% of its portfolio. Dimensional Fund Ltd Partnership has 0.01% invested in the company for 795,340 shares. Calvert Mgmt reported 113,044 shares or 0.15% of all its holdings.

Insider Transactions: Since June 10, 2016, the stock had 5 insider buys, and 2 selling transactions for $134,414 net activity. KREIENBERG WILLIAM L bought $79,290 worth of stock or 3,000 shares. The insider Case David G sold $27,390. Kenefick Jeffrey Patrick also sold $112,720 worth of Financial Institutions, Inc. (NASDAQ:FISI) on Friday, June 10. BIRMINGHAM MARTIN KEARNEY bought $133,200 worth of Financial Institutions, Inc. (NASDAQ:FISI) on Wednesday, August 17. 400 shares were bought by Guarino Charles J, worth $10,588 on Friday, August 26. $27,110 worth of Financial Institutions, Inc. (NASDAQ:FISI) was bought by DORN ANDREW W JR on Friday, July 29. KLOTZBACH KEVIN B also bought $24,336 worth of Financial Institutions, Inc. (NASDAQ:FISI) on Wednesday, August 24.

More notable recent Financial Institutions, Inc. (NASDAQ:FISI) news were published by: Globenewswire.com which released: “Financial Institutions, Inc. Announces Increase in Quarterly Cash Dividend” on November 02, 2016, also Globenewswire.com with their article: “Financial Institutions, Inc. Announces Preliminary Results of 2016 Annual …” published on June 03, 2016, Globenewswire.com published: “Financial Institutions, Inc. Announces Third Quarter 2016 Results” on October 25, 2016. More interesting news about Financial Institutions, Inc. (NASDAQ:FISI) were released by: Globenewswire.com and their article: “Financial Institutions, Inc. Announces New, Growth-Centered Executive …” published on July 20, 2016 as well as Globenewswire.com‘s news article titled: “Financial Institutions, Inc. Announces Second Quarter 2016 Results” with publication date: July 26, 2016.

FISI Company Profile

Financial Institutions, Inc. (FII), incorporated on September 15, 1931, is a financial holding company. The Firm conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank, and Scott Danahy Naylon, LLC (SDN), a full service insurance agency. The Firm offers an array of deposit, lending, insurance services and other financial services to individuals, municipalities and businesses in Western and Central New York through the Bank. The Firm operates through two divisions: banking and insurance. The banking segment includes the Company’s retail and commercial banking operations. The insurance segment includes the activities of SDN, which provides a range of insurance services to both personal and business clients.

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