The SVP of Financial Institutions Inc is Exercising Options

By Carrie Williams

Today, the SVP of Financial Institutions Inc, Sonia Marie Dumbleton, exercised options of Financial Institutions Inc (NASDAQ: FISI) for $3,962. The options were close to expired and Sonia Marie Dumbleton retained stocks.

Following this transaction Sonia Marie Dumbleton’s holding in the company was increased by 5.21% to a total of $166.4K. Following Sonia Marie Dumbleton’s last FISI Buy transaction on June 23, 2017, the stock climbed by 4.2%.

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Based on Financial Institutions Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $43.65 million and quarterly net profit of $9.29 million. In comparison, last year the company earned revenue of $38.4 million and had a net profit of $7.94 million. FISI’s market cap is $524M and the company has a P/E ratio of 15.25. Currently, Financial Institutions Inc has an average volume of 25.63K.

Three different firms, including Piper Jaffray and Sandler O’Neill, currently also have a Buy rating on the stock.

The insider sentiment on Financial Institutions Inc has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Sonia Marie Dumbleton’s trades have generated a 14.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Financial Institutions, Inc. is a holding company, which engages in the provision of financial services to individuals and businesses. It operates through the Banking and Non-Banking segments. The Banking segment includes retail and commercial banking operations.