Last $22.80 USD
Change Today -0.21 / -0.91%
Volume 13.8K
FISI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

financial institutions inc (FISI) Snapshot

Open
$22.90
Previous Close
$23.01
Day High
$23.12
Day Low
$22.80
52 Week High
12/26/13 - $26.59
52 Week Low
09/3/13 - $18.39
Market Cap
315.8M
Average Volume 10 Days
35.9K
EPS TTM
$1.82
Shares Outstanding
13.9M
EX-Date
06/11/14
P/E TM
12.5x
Dividend
$0.76
Dividend Yield
3.33%
Current Stock Chart for FINANCIAL INSTITUTIONS INC (FISI)

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financial institutions inc (FISI) Details

Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides various banking and financial services to individuals, municipalities, and businesses. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investment capabilities, as well as individual retirement accounts and other qualified plan accounts. It also provides short and medium-term commercial loans for businesses for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry for short-term crop production, farm equipment, and livestock financing; commercial mortgage loans to finance the purchase of real property; and one-to-four family residential mortgage loans collateralized by owner-occupied properties. Its loan portfolio also consists of consumer loans, such as consumer automobile loans, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, collateralized and uncollateralized personal loans, and deposit account collateralized loans. In addition, the company offers insurance and investment products, including stocks, bonds, mutual funds, annuities, and managed accounts through Five Star Investment Services program; and brokerage and investment advisory services. It has strategic partnership with LPL Financial. As of May 21, 2014, the company offered its products and services through a network of approximately 50 offices in Western and Central New York. The company was founded in 1931 and is headquartered in Warsaw, New York.

608 Employees
Last Reported Date: 03/12/14
Founded in 1931

financial institutions inc (FISI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $335.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $199.4K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $275.0K
Executive Vice President, Commercial Banking ...
Total Annual Compensation: $191.7K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

financial institutions inc (FISI) Key Developments

Financial Institutions Mulls Acquisitions

Financial Institutions Inc. (NasdaqGS:FISI) is looking for acquisitions. President and Chief Executive Officer of Financial Institutions, Martin Birmingham said that the company plans to continue adding insurance companies to its portfolio as a way to broaden and diversity revenue streams. He said, “We're looking carefully at all opportunities that exist related to fee-based businesses.”

Financial Institutions, Inc. Declares Quarterly Cash Dividend and Preferred Dividend Payable on July 2, 2014

Financial Institutions Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.19 per outstanding common share. The Company also announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock. All dividends are payable July 2, 2014 to shareholders of record as of June 13, 2014.

Financial Institutions and Five Star Bank Elect Chairman and Board of Directors

Financial Institutions Inc. announced the election of a new chairman and two members to its board of directors at its annual meeting of shareholders. Robert N. Latella was elected chairman of both the Financial Institutions Inc. and Five Star Bank boards. In addition, Andrew W. Dorn, Jr. and Robert M. Glaser were elected to both boards. Mr. Latella is of counsel at the law firm of Hiscock and Barclay, LLP, and is the chief operating officer of Integrated Nano-Technologies, LLC. He previously served as vice chairman of Financial Institutions Inc. Mr. Dorn is chairman of the board and chief financial officer of Demand Response Partners Inc. Previously, Mr. Dorn was the managing member of Moundsville Power LLC. Mr. Glaser is a New York State-certified public accountant and chairman of the board of Freed Maxick CPAs PC. Previously, he was the managing director of Freed Maxick.

 

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FISI Competitors

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First Community Bancshares Inc/VA $14.14 USD +0.05
Hudson Valley Holding Corp $17.38 USD -0.03
Peoples Bancorp Inc/OH $26.34 USD -0.02
Sun Bancorp Inc/NJ $4.02 USD -0.03
Univest Corp of Pennsylvania $20.85 USD +0.24
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Industry Analysis

FISI

Industry Average

Valuation FISI Industry Range
Price/Earnings 12.5x
Price/Sales 2.9x
Price/Book 1.3x
Price/Cash Flow 11.9x
TEV/Sales 0.3x
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