Financial Institutions, Inc. $FISI Shares Sold by Wellington Management Group LLP

Posted by Francis Steltz on Sep 11th, 2026

Wellington Management Group LLP cut its stake in Financial Institutions, Inc. (NASDAQ:FISI – Free Report) by 93.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,979 shares of the bank’s stock after selling 837,514 shares during the quarter. Wellington Management Group LLP owned about 0.32% of Financial Institutions worth $2,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Financial Institutions by 3,150.0% in the third quarter. Larson Financial Group LLC now owns 1,170 shares of the bank’s stock valued at $32,000 after buying an additional 1,134 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Financial Institutions by 31.6% during the 1st quarter. Royal Bank of Canada now owns 1,290 shares of the bank’s stock valued at $40,000 after buying an additional 310 shares during the period. Comerica Bank lifted its position in Financial Institutions by 39.8% during the 3rd quarter. Comerica Bank now owns 1,647 shares of the bank’s stock worth $45,000 after acquiring an additional 469 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Financial Institutions by 679.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,738 shares of the bank’s stock worth $45,000 after acquiring an additional 1,515 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Financial Institutions by 44.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,607 shares of the bank’s stock worth $50,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 60.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FISI. Piper Sandler reaffirmed a “neutral” rating and issued a $45.00 price objective (up from $38.00) on shares of Financial Institutions in a research report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their target price on shares of Financial Institutions from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Financial Institutions in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Get Our Latest Stock Report on FISI

Financial Institutions Trading Up 0.7%

NASDAQ:FISI opened at $41.09 on Friday. The stock has a market cap of $809.88 million, a price-to-earnings ratio of 10.20 and a beta of 0.62. Financial Institutions, Inc. has a one year low of $25.61 and a one year high of $42.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50-day simple moving average is $40.62 and its 200 day simple moving average is $36.56.

Financial Institutions (NASDAQ:FISI – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Financial Institutions had a return on equity of 13.45% and a net margin of 21.78%.The firm had revenue of $64.31 million during the quarter, compared to analyst estimates of $63.54 million. As a group, sell-side analysts predict that Financial Institutions, Inc. will post 4.21 earnings per share for the current fiscal year.

Financial Institutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Financial Institutions’s dividend payout ratio is 31.76%.

Financial Institutions Profile

(Free Report)

Financial Institutions, Inc (NASDAQ: FISI) is a non-diversified, closed-end management investment company that seeks to provide tax-advantaged income to shareholders. The company invests primarily in investment-grade municipal obligations issued by states, municipalities and government agencies across the United States. By focusing on high-credit-quality bonds, Financial Institutions aims to deliver current income that is exempt from federal income tax.

In constructing its portfolio, the company may also utilize money market instruments and repurchase agreements to manage liquidity and facilitate efficient settlement.