California Public Employees Retirement System Has $1.09 Million Holdings in Financial Institutions, Inc. (FISI)

California Public Employees Retirement System raised its position in shares of Financial Institutions, Inc. (NASDAQ:FISI) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,500 shares of the bank’s stock after buying an additional 2,600 shares during the period. California Public Employees Retirement System owned about 0.25% of Financial Institutions worth $1,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FISI. Parametric Portfolio Associates LLC raised its holdings in Financial Institutions by 7.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,909 shares of the bank’s stock worth $953,000 after purchasing an additional 1,945 shares in the last quarter. American International Group Inc. raised its holdings in Financial Institutions by 1.1% in the 1st quarter. American International Group Inc. now owns 8,060 shares of the bank’s stock worth $266,000 after purchasing an additional 85 shares in the last quarter. FMR LLC raised its holdings in Financial Institutions by 0.6% in the 1st quarter. FMR LLC now owns 365,500 shares of the bank’s stock worth $12,044,000 after purchasing an additional 2,000 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Financial Institutions by 24.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 57,852 shares of the bank’s stock worth $1,906,000 after purchasing an additional 11,409 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Financial Institutions by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 584,353 shares of the bank’s stock worth $19,255,000 after purchasing an additional 53,552 shares in the last quarter. 65.35% of the stock is owned by institutional investors and hedge funds.

Financial Institutions, Inc. (NASDAQ:FISI) opened at $30.10 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.74. The stock has a market cap of $470.34, a PE ratio of 14.98 and a beta of 1.26. Financial Institutions, Inc. has a 12 month low of $25.65 and a 12 month high of $35.40.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $37.01 million during the quarter. Financial Institutions had a net margin of 19.46% and a return on equity of 9.66%. analysts anticipate that Financial Institutions, Inc. will post 1.94 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/11/12/california-public-employees-retirement-system-has-1-09-million-holdings-in-financial-institutions-inc-fisi.html.

FISI has been the subject of several research reports. Piper Jaffray Companies restated a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a report on Thursday, August 3rd. ValuEngine lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price target on shares of Financial Institutions in a research note on Friday, September 22nd.

About Financial Institutions

Financial Institutions, Inc is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company.

Institutional Ownership by Quarter for Financial Institutions (NASDAQ:FISI)

Receive News & Ratings for Financial Institutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Institutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply