Equities Analysts Issue Forecasts for FISI Q2 Earnings

Financial Institutions, Inc. (NASDAQ:FISI) – Keefe, Bruyette & Woods issued their Q2 2026 earnings estimates for Financial Institutions in a report issued on Tuesday, July 7th. Keefe, Bruyette & Woods analyst D. Delmonte forecasts that the bank will post earnings of $0.97 per share for the quarter. The consensus estimate for Financial Institutions’ current full-year earnings is $3.96 per share.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.04 EPS for the quarter, topping the consensus estimate of $0.92 by $0.12. Financial Institutions had a net margin of 20.85% and a return on equity of 13.08%. The business had revenue of $62.67 million for the quarter, compared to analysts’ expectations of $62.76 million.

A number of other research firms also recently commented on FISI. Wall Street Zen downgraded Financial Institutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Financial Institutions in a research note on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Financial Institutions Trading Down 2.3%

Shares of Financial Institutions stock opened at $37.64 on Thursday. The firm has a market cap of $741.13 million, a price-to-earnings ratio of 9.80 and a beta of 0.63. The business has a 50-day moving average price of $36.59 and a 200-day moving average price of $33.93. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. Financial Institutions has a twelve month low of $24.62 and a twelve month high of $40.26.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Financial Institutions by 42.4% in the fourth quarter. Wellington Management Group LLP now owns 1,049,295 shares of the bank’s stock worth $32,707,000 after buying an additional 312,470 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Financial Institutions during the 1st quarter valued at $7,391,000. Adage Capital Partners GP L.L.C. grew its position in Financial Institutions by 19.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 972,043 shares of the bank’s stock valued at $30,299,000 after acquiring an additional 160,825 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in Financial Institutions in the 2nd quarter valued at $6,006,000. Finally, Millennium Management LLC increased its stake in Financial Institutions by 102.9% in the third quarter. Millennium Management LLC now owns 184,618 shares of the bank’s stock worth $5,022,000 after purchasing an additional 93,626 shares during the period. Institutional investors own 60.45% of the company’s stock.

Financial Institutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, June 12th. Financial Institutions’s payout ratio is 33.33%.

Financial Institutions Company Profile

Financial Institutions, Inc (NASDAQ: FISI) is a non-diversified, closed-end management investment company that seeks to provide tax-advantaged income to shareholders. The company invests primarily in investment-grade municipal obligations issued by states, municipalities and government agencies across the United States. By focusing on high-credit-quality bonds, Financial Institutions aims to deliver current income that is exempt from federal income tax.

In constructing its portfolio, the company may also utilize money market instruments and repurchase agreements to manage liquidity and facilitate efficient settlement.