Financial Services - Banks - Regional - NASDAQ - US
$ 26.83
-0.777 %
$ 415 M
Market Cap
8.49
P/E
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 offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan 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.[ Read More ]
The intrinsic value of one FISI stock under the base case scenario is HIDDEN Compared to the current market price of 26.8 USD, Financial Institutions, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FISI
FINANCIALS
200 M
REVENUE
61.4 M
OPERATING INCOME
50.3 M
NET INCOME
10.9 M
OPERATING CASH FLOW
-310 M
INVESTING CASH FLOW
293 M
FINANCING CASH FLOW
49.7 M
REVENUE
0
OPERATING INCOME
13.5 M
NET INCOME
1.63 M
OPERATING CASH FLOW
79.6 M
INVESTING CASH FLOW
21.3 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Financial Institutions, Inc.
| Current Assets | 124 M |
| Cash & Short-Term Investments | 124 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 6.04 B |
| Long-Term Investments | 1.1 B |
| PP&E | 71.4 M |
| Other Non-Current Assets | 4.86 B |
| Current Liabilities | 3.28 B |
| Accounts Payable | 19.4 M |
| Short-Term Debt | 185 M |
| Other Current Liabilities | 3.07 B |
| Non-Current Liabilities | 5.52 B |
| Long-Term Debt | 158 M |
| Other Non-Current Liabilities | 5.36 B |
EFFICIENCY
Earnings Waterfall
Financial Institutions, Inc.
| Revenue | 200 M |
| Cost Of Revenue | 0 |
| Gross Profit | 200 M |
| Operating Expenses | 212 M |
| Operating Income | 61.4 M |
| Other Expenses | 11.1 M |
| Net Income | 50.3 M |
RATIOS
100.00%
GROSS MARGIN
30.65%
OPERATING MARGIN
25.10%
NET MARGIN
11.05%
ROE
0.82%
ROA
6.40%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Financial Institutions, Inc.
| Net Income | 50.3 M |
| Depreciation & Amortization | 8.09 M |
| Capital Expenditures | -2.99 M |
| Stock-Based Compensation | 1.67 M |
| Change in Working Capital | -55.7 M |
| Others | -47.8 M |
| Free Cash Flow | 7.9 M |
Wall Street Analysts Price Targets
Financial Institutions, Inc.
Wall Street analysts predict an average 1-year price target for FISI of $19 , with forecasts ranging from a low of $19 to a high of $19 .
FISI Lowest Price Target
Wall Street Target
19 USD
-29.18%
FISI Average Price Target
Wall Street Target
19 USD
-29.18%
FISI Highest Price Target
Wall Street Target
19 USD
-29.18%
4. DIVIDEND ANALYSIS
1.27%
DIVIDEND YIELD
0.3 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Financial Institutions, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
May 18, 2023
|
Bought 14.9 K USD
|
BOSWELL DONALD
Director |
+ 890
|
16.74 USD |
|
1 year ago
May 11, 2023
|
Bought 7.82 K USD
|
HOLLIDAY SUSAN R
Director |
+ 500
|
15.65 USD |
|
1 year ago
May 11, 2023
|
Bought 7.88 K USD
|
HOLLIDAY SUSAN R
Director |
+ 500
|
15.75 USD |
|
1 year ago
May 08, 2023
|
Bought 31.9 K USD
|
GULLO SAMUEL M
Director |
+ 2000
|
15.94 USD |
|
1 year ago
May 04, 2023
|
Bought 21.8 K USD
|
Glaser Robert M
Director |
+ 1500
|
14.56 USD |
|
1 year ago
May 04, 2023
|
Bought 151 K USD
|
Latella Robert N
Director |
+ 10000
|
15.06 USD |
|
1 year ago
May 03, 2023
|
Bought 24.4 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1500
|
16.25 USD |
|
1 year ago
May 03, 2023
|
Bought 16.2 K USD
|
DORN ANDREW W JR
Director |
+ 1000
|
16.21 USD |
|
1 year ago
May 03, 2023
|
Bought 4.84 K USD
|
Plants William Jack II
Chief Financial Officer |
+ 300
|
16.15 USD |
|
1 year ago
May 03, 2023
|
Bought 4.85 K USD
|
Plants William Jack II
Chief Financial Officer |
+ 300
|
16.17 USD |
|
1 year ago
May 03, 2023
|
Bought 14.6 K USD
|
Plants William Jack II
Chief Financial Officer |
+ 900
|
16.18 USD |
|
1 year ago
May 03, 2023
|
Bought 15.8 K USD
|
Burruano Samuel J Jr
Executive Vice President |
+ 1000
|
15.82 USD |
|
1 year ago
Mar 01, 2023
|
Bought 19.8 K USD
|
Collins Laurie R
Senior Vice President |
+ 800
|
24.75 USD |
|
1 year ago
Feb 08, 2023
|
Bought 12.4 K USD
|
Burruano Samuel J Jr
Executive Vice President |
+ 500
|
24.7 USD |
|
2 years ago
Nov 04, 2022
|
Bought 23.4 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1000
|
23.43 USD |
|
3 years ago
Sep 14, 2021
|
Bought 14.7 K USD
|
Burruano Samuel J Jr
Executive Vice President |
+ 500
|
29.45 USD |
|
3 years ago
Sep 03, 2021
|
Bought 30.9 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1000
|
30.94 USD |
|
4 years ago
May 06, 2020
|
Bought 7.95 K USD
|
DUGAN JOSEPH L
Senior Vice President |
+ 500
|
15.9 USD |
|
4 years ago
May 05, 2020
|
Bought 48.1 K USD
|
DUGAN JOSEPH L
Senior Vice President |
+ 2500
|
19.23 USD |
|
4 years ago
May 05, 2020
|
Bought 29.3 K USD
|
Burruano Samuel J Jr
Senior Vice President |
+ 1500
|
19.56 USD |
|
4 years ago
May 05, 2020
|
Bought 94.1 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 5000
|
18.83 USD |
|
4 years ago
May 05, 2020
|
Bought 27.6 K USD
|
Bigham Justin K.
Executive Vice President |
+ 1500
|
18.41 USD |
|
4 years ago
Mar 10, 2020
|
Bought 53.8 K USD
|
GULLO SAMUEL M
Director |
+ 2500
|
21.5 USD |
|
5 years ago
May 02, 2019
|
Bought 302 K USD
|
DUGAN JOSEPH L
Senior Vice President |
+ 10600
|
28.45 USD |
|
5 years ago
May 03, 2019
|
Bought 28.3 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1000
|
28.33 USD |
|
6 years ago
Oct 31, 2018
|
Bought 9.85 K USD
|
DUGAN JOSEPH L
Senior Vice President |
+ 345
|
28.55 USD |
|
6 years ago
Oct 30, 2018
|
Bought 56.9 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 2000
|
28.44 USD |
|
6 years ago
Aug 21, 2018
|
Bought 47.9 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1500
|
31.95 USD |
|
6 years ago
Aug 01, 2018
|
Bought 15.8 K USD
|
Burneal Michael D
Senior Vice President |
+ 500
|
31.7 USD |
|
6 years ago
Dec 08, 2017
|
Bought 9.47 K USD
|
Dolan Paula Dollinger
Senior Vice President |
+ 290
|
32.65 USD |
|
6 years ago
Dec 07, 2017
|
Bought 9.93 K USD
|
Dolan Paula Dollinger
Senior Vice President |
+ 300
|
33.1 USD |
|
6 years ago
Nov 29, 2017
|
Bought 12 K USD
|
BOSWELL DONALD
Director |
+ 359
|
33.4 USD |
|
6 years ago
Nov 22, 2017
|
Bought 16.2 K USD
|
KREIENBERG WILLIAM L
Executive Vice President |
+ 500
|
32.33 USD |
|
6 years ago
Nov 21, 2017
|
Bought 29.9 K USD
|
DUGAN JOSEPH L
Senior Vice President |
+ 930
|
32.15 USD |
|
6 years ago
Nov 21, 2017
|
Bought 16 K USD
|
KLOTZBACH KEVIN B
EVP & Chief Financial Officer |
+ 500
|
32.04 USD |
|
6 years ago
Nov 20, 2017
|
Bought 31.6 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 1000
|
31.65 USD |
|
6 years ago
Nov 20, 2017
|
Bought 17.6 K USD
|
Burneal Michael D
Senior Vice President |
+ 560
|
31.49 USD |
|
6 years ago
Nov 20, 2017
|
Bought 2.21 K USD
|
Burneal Michael D
Senior Vice President |
+ 70
|
31.55 USD |
|
7 years ago
Mar 06, 2017
|
Sell 39.7 K USD
|
ANDERSON KARL VALENTINE JR
Director |
- 1155
|
34.4097 USD |
|
7 years ago
Mar 06, 2017
|
Sell 170 USD
|
ANDERSON KARL VALENTINE JR
Director |
- 5
|
34.06 USD |
|
7 years ago
Jan 30, 2017
|
Sell 28.3 K USD
|
BENJAMIN JOHN E
Director |
- 838
|
33.825 USD |
|
7 years ago
Jan 30, 2017
|
Sell 25.8 K USD
|
BENJAMIN JOHN E
Director |
- 762
|
33.85 USD |
|
7 years ago
Jan 30, 2017
|
Sell 3.39 K USD
|
BENJAMIN JOHN E
Director |
- 100
|
33.875 USD |
|
8 years ago
Aug 24, 2016
|
Bought 24.3 K USD
|
KLOTZBACH KEVIN B
EVP & Chief Financial Officer |
+ 900
|
27.04 USD |
|
8 years ago
Aug 17, 2016
|
Bought 79.3 K USD
|
KREIENBERG WILLIAM L
EVP, CAO, Gen'l Counsel & CRO |
+ 3000
|
26.43 USD |
|
8 years ago
Aug 17, 2016
|
Bought 133 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 5000
|
26.64 USD |
|
8 years ago
Jun 13, 2016
|
Sell 44 K USD
|
Kenefick Jeffrey Patrick
Executive Vice President |
- 1596
|
27.55 USD |
|
8 years ago
Jun 10, 2016
|
Sell 68.8 K USD
|
Kenefick Jeffrey Patrick
Executive Vice President |
- 2500
|
27.5 USD |
|
8 years ago
Apr 29, 2016
|
Sell 40.1 K USD
|
ANDERSON KARL VALENTINE JR
Director |
- 1410
|
28.4389 USD |
|
8 years ago
Feb 11, 2016
|
Bought 118 K USD
|
Dolan Paula Dollinger
Senior Vice President |
+ 4500
|
26.18 USD |
|
8 years ago
Feb 02, 2016
|
Bought 247 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 9254
|
26.64 USD |
|
8 years ago
Feb 01, 2016
|
Sell 42.1 K USD
|
BENJAMIN JOHN E
Director |
- 1550
|
27.135 USD |
|
9 years ago
Nov 04, 2015
|
Bought 53.2 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 2000
|
26.585 USD |
|
9 years ago
Jun 09, 2015
|
Bought 59.5 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 2500
|
23.8 USD |
|
9 years ago
Jun 01, 2015
|
Bought 11.5 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 500
|
23.01 USD |
|
9 years ago
May 27, 2015
|
Bought 42.2 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 1800
|
23.42 USD |
|
9 years ago
May 26, 2015
|
Bought 4.6 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 200
|
23.02 USD |
|
9 years ago
May 21, 2015
|
Bought 47.3 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 2000
|
23.63 USD |
|
9 years ago
May 18, 2015
|
Bought 47 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 2000
|
23.5 USD |
|
9 years ago
May 13, 2015
|
Bought 23.2 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 1000
|
23.24 USD |
|
9 years ago
Mar 10, 2015
|
Bought 15.8 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 700
|
22.6 USD |
|
9 years ago
Mar 02, 2015
|
Bought 6.82 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 303
|
22.5 USD |
|
9 years ago
Mar 02, 2015
|
Bought 91 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 4000
|
22.7592 USD |
|
9 years ago
Feb 23, 2015
|
Bought 22.5 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 1000
|
22.5 USD |
|
9 years ago
Feb 11, 2015
|
Bought 22.4 K USD
|
KREIENBERG WILLIAM L
EVP, General Counsel & CRO |
+ 1000
|
22.4 USD |
|
9 years ago
Feb 09, 2015
|
Bought 45.4 K USD
|
KREIENBERG WILLIAM L
General Counsel & CRO |
+ 2000
|
22.7 USD |
|
9 years ago
Feb 06, 2015
|
Sell 1.18 K USD
|
BENJAMIN JOHN E
Director |
- 51
|
23.05 USD |
|
9 years ago
Feb 06, 2015
|
Sell 26.4 K USD
|
BENJAMIN JOHN E
Director |
- 1149
|
23 USD |
|
10 years ago
Nov 04, 2014
|
Sell 44 K USD
|
HARRISON RICHARD J
Executive Vice President |
- 1773
|
24.82 USD |
|
10 years ago
Oct 30, 2014
|
Sell 102 K USD
|
GROVER MICHAEL DAVID
Chief Accounting Officer |
- 4172
|
24.5 USD |
|
10 years ago
Jul 28, 2014
|
Bought 113 K USD
|
BIRMINGHAM MARTIN KEARNEY
President & CEO |
+ 5000
|
22.51 USD |
|
10 years ago
Jul 28, 2014
|
Bought 22.5 K USD
|
Dolan Paula Dollinger
Senior Vice President |
+ 1000
|
22.498 USD |
|
10 years ago
Jul 28, 2014
|
Bought 22.5 K USD
|
Dolan Paula Dollinger
Senior Vice President |
+ 1000
|
22.47 USD |
7. News
Christopher Campise Named Chief Information Officer of Five Star Bank
Mr. Campise brings more than 25 years of technology leadership experience to the growing community bank Mr. Campise brings more than 25 years of technology leadership experience to the growing community bank
globenewswire.com
- 1 week ago
Financial Institutions: Good Dividend Yield; Room For Price Upside Despite The Recent Rally
Loan growth will likely remain subdued as rate cuts will lift demand, but lackluster economic activity will dampen the demand for credit products. A large chunk of low-yielding loans and securities are scheduled to mature soon. Reinvestment will lift the margin. Financial Institutions is offering a dividend yield of 4.9% with an implied payout ratio of only 37%.
seekingalpha.com
- 2 weeks ago
Financial Institutions, Inc. (FISI) Q3 2024 Earnings Call Transcript
Financial Institutions, Inc. (NASDAQ:FISI ) Q3 2024 Results Conference Call October 25, 2024 8:30 AM ET Company Participants Kate Croft - Director of IR Martin Birmingham - President and CEO Jack Plants - CFO Conference Call Participants Damon DelMonte - KBW David Mirochnick - Stephens Operator Thank you for standing by, Ladies and gentlemen. Welcome to the Financial Institutions, Inc. Third Quarter 2024 Earnings Call.
seekingalpha.com
- 3 weeks ago
Financial Institutions, Inc. Announces Third Quarter 2024 Financial Results
WARSAW, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the third quarter ended September 30, 2024.
globenewswire.com
- 3 weeks ago
Financial Institutions (FISI) Upgraded to Buy: Here's What You Should Know
Financial Institutions (FISI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com
- 1 month ago
Financial Institutions, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
WARSAW, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank and Courier Capital, LLC, will release results for the third quarter ending September 30, 2024 after the market closes on October 24, 2024.
globenewswire.com
- 1 month ago
Financial Institutions, Inc. Announces Intent to Begin Winding Down BaaS, Reflecting Strategic Focus on Core Franchise
The parent company of Five Star Bank plans to initiate an orderly wind down process for its Banking-as-a-Service offerings, which as of June 30, 2024 represented about 2% of deposits and under 1% of loans The parent company of Five Star Bank plans to initiate an orderly wind down process for its Banking-as-a-Service offerings, which as of June 30, 2024 represented about 2% of deposits and under 1% of loans
globenewswire.com
- 2 months ago
5 Value Stocks With Exciting EV-to-EBITDA Ratios to Scoop Up
We have screened value stocks KT, HG, EZPW, FISI and GBX based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
zacks.com
- 2 months ago
Financial Institutions, Inc. Announces Quarterly Cash Dividend
WARSAW, N.Y., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.
globenewswire.com
- 2 months ago
All You Need to Know About Financial Institutions (FISI) Rating Upgrade to Strong Buy
Financial Institutions (FISI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 3 months ago
Financial Institutions Offers Some Additional Upside From Here
Financial Institutions stock has surged 49.9% since November 2023, outperforming the S&P 500. Despite this surge, shares still look cheap, both relative to earnings and book value. While it's not the best prospect out there, these qualities do make it generally appealing.
seekingalpha.com
- 3 months ago
Financial Institutions, Inc. (FISI) Q2 2024 Earnings Call Transcript
Financial Institutions, Inc. (NASDAQ:FISI ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Kate Croft - Director of IR Martin Birmingham - President and CEO Jack Plants - CFO Conference Call Participants Damon DelMonte - KBW Matthew Breese - Stephens Operator Ladies and gentlemen, thank you for standing by. Welcome to the Financial Institutions, Inc. Second Quarter 2024 Earnings Call.
seekingalpha.com
- 3 months ago
8. Profile Summary
Financial Institutions, Inc. FISI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 415 M
Dividend Yield
1.27%
Description
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 offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan 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 also provides 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 comprising 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. The company operates a network of 48 banking offices in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Schuyler, Steuben, Wayne, Wyoming, and Yates counties, New York. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.
Contact
220 Liberty Street, Warsaw, NY, 14569
https://www.fiiwarsaw.com
IPO Date
June 25, 1999
Employees
624
Officers
Mr. William Jack Plants II
Executive Vice President, Chief Financial Officer & Treasurer
Ms. Laurie R. Collins
Chief Human Resources Officer
Ms. Sandra L. Byers
Senior Vice President, Controller & Principal Accounting Officer
Ms. Kate Croft
Director of Investor & External Relations
Ms. Blake G. Jones
Senior Vice President & Chief Marketing Officer
Mr. Craig J. Burton
Senior Vice President, Commercial Real Estate Executive & Finger Lakes/Southern Tier NY Regional President
Mr. Martin K. Birmingham
President, Chief Executive Officer & Director
Mr. Kevin B. Quinn
Senior Vice President & Chief Commercial Banking Officer
Mr. Samuel J. Burruano Jr.
Executive Vice President, Chief Legal Officer & Corporate Secretary
Mr. Michael David Grover CPA
Senior Vice President, Director of Financial Planning & Analysis and Tax