Piper Sandler downgraded Financial Inst. from Overweight to Neutral and set a new price target of $19.00 from $23.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/3/2025 | $29.00 → $34.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/20/2024 | $33.00 | Overweight | Piper Sandler |
| 3/25/2024 | $23.00 → $19.00 | Overweight → Neutral | Piper Sandler |
| 7/13/2023 | $20.00 | Equal-Weight | Stephens |
| 10/31/2022 | $33.00 → $29.00 | Outperform → Market Perform | Hovde Group |
Keefe Bruyette upgraded Financial Inst. from Mkt Perform to Outperform and set a new price target of $34.00 from $29.00 previously
Piper Sandler initiated coverage of Financial Inst. with a rating of Overweight and set a new price target of $33.00
Piper Sandler downgraded Financial Inst. from Overweight to Neutral and set a new price target of $19.00 from $23.00 previously
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
5 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
3 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
WARSAW, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter. "The increase in our quarterly cash dividend is reflective of both our Board's ongoing commitment to building shareholder value and its confidence in the Company's long-term sustainable growth strategy," said President and Chief Executive Officer Martin K. Birmingham. The $0.31 cash dividend represents an annualized yield of 4.4% ba
WARSAW, N.Y., Jan. 02, 2025 (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 fourth quarter and full year ending December 31, 2024 after the market closes on January 30, 2025. Management will host an earnings conference call and audio webcast on January 31, 2025 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer. Within the United States, listeners may access the call by dialing 1-833-470-1428 and providing the access code 393817. The live webca
WARSAW, N.Y., Nov. 20, 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. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable January 2, 2025, to shareholders of record on December 13, 2024. About Financial Institutions, Inc.Financial Institutions, Inc. (NASDAQ:FISI) is an innovative financial holding company with approximately $6.2 billion in assets o
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
SCHEDULE 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
8-K - FINANCIAL INSTITUTIONS INC (0000862831) (Filer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
4 - FINANCIAL INSTITUTIONS INC (0000862831) (Issuer)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
SC 13G/A - FINANCIAL INSTITUTIONS INC (0000862831) (Subject)
WARSAW, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter. "The increase in our quarterly cash dividend is reflective of both our Board's ongoing commitment to building shareholder value and its confidence in the Company's long-term sustainable growth strategy," said President and Chief Executive Officer Martin K. Birmingham. The $0.31 cash dividend represents an annualized yield of 4.4% ba
WARSAW, N.Y., Jan. 30, 2025 (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 fourth quarter and year ended December 31, 2024. These results reflect the Company's previously disclosed balance sheet restructuring plan, which was executed in December following its successful and oversubscribed underwritten public common stock offering. As part of the restructuring, the Bank sold $653.5 million of available-for-sale ("AFS") investment securities, which resulted in a pre-tax loss on the sale of securi
WARSAW, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank") and Courier Capital, LLC, today announced the appointment of Angela J. Panzarella as a new independent member of the Boards of Directors of both the Company and the Bank, on January 22, 2025. Ms. Panzarella brings extensive business and nonprofit leadership experience, including as CEO of the YWCA of Rochester and Monroe County from 2018 to 2020 and through her 20-year tenure with Bausch + Lomb, as well as prior public company board experience. During her eight years of board service to publicly-traded Transcat, Inc., a Rochester-bas
WARSAW, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank") and Courier Capital, LLC, today announced the appointment of Angela J. Panzarella as a new independent member of the Boards of Directors of both the Company and the Bank, on January 22, 2025. Ms. Panzarella brings extensive business and nonprofit leadership experience, including as CEO of the YWCA of Rochester and Monroe County from 2018 to 2020 and through her 20-year tenure with Bausch + Lomb, as well as prior public company board experience. During her eight years of board service to publicly-traded Transcat, Inc., a Rochester-bas
ROCHESTER, N.Y., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI), parent company of Five Star Bank ("Five Star" or the "Bank"), SDN Insurance Agency, LLC, and Courier Capital, LLC announced that Blake Jones has joined as Senior Vice President, Chief Marketing Officer of the Bank. In this role, Ms. Jones will support development of the strategic framework and long-term vision for the Bank. She will lead both marketing and analytics on an enterprise-wide basis, focusing on strategy, brand and performance marketing, and audience insights. Ms. Jones will report to Justin K. Bigham, Executive Vice President, Chief Community Banking Officer. "As Five Star Bank gro
WARSAW, N.Y., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company" or "we"), parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC, Courier Capital, LLC and HNP Capital, LLC, today announced the appointment of Bruce W. Harting as a new independent member of its Board of Directors, effective immediately. Mr. Harting, who most recently served as Team Chief Investment Officer, Private Wealth Advisor at Rockefeller Capital Management, has dedicated decades of service to his investment banking and equity research clients through many economic cycles during his career. "We are very pleased to welcome Bruce Harting to the Boards of Direc