Canandaigua National Bank Trust Co buys $15.3 Million stake in Financial Institutions (FISI)

Financial Institutions (FISI) : Canandaigua National Bank Trust Co scooped up 8,969 additional shares in Financial Institutions during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 559,553 shares of Financial Institutions which is valued at $15.3 Million.Financial Institutions makes up approximately 4.56% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Martingale Asset Management L P sold out all of its stake in FISI during the most recent quarter. The investment firm sold 8,253 shares of FISI which is valued $226,050.Blackrock Investment Management boosted its stake in FISI in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 54,624 shares of Financial Institutions which is valued at $1.5 Million.Lsv Asset Management reduced its stake in FISI by selling 3,300 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 325,277 shares of FISI which is valued at $8.9 Million. Financial Institutions makes up approx 0.02% of Lsv Asset Management’s portfolio.Blackrock Advisors boosted its stake in FISI in the latest quarter, The investment management firm added 374 additional shares and now holds a total of 7,164 shares of Financial Institutions which is valued at $196,222.Ifc Holdings Incorporatedfl boosted its stake in FISI in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 9,088 shares of Financial Institutions which is valued at $247,466. Financial Institutions makes up approx 0.03% of Ifc Holdings Incorporatedfl’s portfolio.

Financial Institutions opened for trading at $27.35 and hit $27.64 on the upside on Monday, eventually ending the session at $27.5, with a gain of 0.40% or 0.11 points. The heightened volatility saw the trading volume jump to 35,835 shares. Company has a market cap of $399 M.

Many Wall Street Analysts have commented on Financial Institutions. Financial Institutions was Downgraded by Piper Jaffray to ” Neutral” on Feb 26, 2016.

Financial Institutions Inc. (FII) is a financial holding company. The Company provides an array of deposit lending and other financial services to individuals municipalities and businesses in Western and Central New York through its wholly owned New York chartered banking subsidiary Five Star Bank (the Bank). The Company operates through two segments: banking which includes all of the Company’s retail and commercial banking operations; and insurance which includes the activities of Scott Danahy Naylon LLC a full service insurance agency that provides a range of insurance services to both personal and business clients. The Company offers a range of loans including commercial business and revolving lines of credit commercial mortgages equipment loans residential mortgage loans and home equity loans and lines of credit home improvement loans automobile loans and personal loans.

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