Financial Institutions Inc (FISI): Karl Valentine Jr Anderson , director of Financial Institutions Inc sold 1,410 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $28.44 per share for a total value of $40,098.85 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 29, 2016, Robert M Glaser (director) purchased 2,000 shares at $26.70 per share price.On Feb 16, 2016, Paula Dollinger Dolan (Senior Vice President) purchased 4,500 shares at $26.18 per share price.Also, On Feb 4, 2016, Martin Kearney Birmingham (CEO) purchased 9,254 shares at $26.64 per share price.On Feb 3, 2016, John E Benjamin (director) sold 1,550 shares at $27.14 per share price.
Financial Institutions: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in Financial Institutions which led to swings in the share price. The shares opened for trading at $29.15 and hit $29.15 on the upside , eventually ending the session at $28.88, with a gain of 1.94% or 0.55 points. The heightened volatility saw the trading volume jump to 64,658 shares. The 52-week high of the share price is $29.53 and the company has a market cap of $418 M . The 52-week low of the share price is at $22.79.
Company has been under the radar of several Street Analysts.Financial Institutions is Downgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued 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.