Piper Sandler Reaffirms Their Hold Rating on Financial Institutions (FISI)
In a report released today, Manuel Navas from Piper Sandler maintained a Hold rating on Financial Institutions, with a price target of $36.00.
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Navas covers the Financial sector, focusing on stocks such as Wsfs Financial, Peapack-Gladstone Financial, and Provident Financial Services. According to TipRanks, Navas has an average return of 13.1% and a 77.30% success rate on recommended stocks.
Financial Institutions has an analyst consensus of Moderate Buy, with a price target consensus of $37.00.
Based on Financial Institutions’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $96.56 million and a net profit of $19.98 million. In comparison, last year the company had a GAAP net loss of $82.81 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FISI in relation to earlier this year. Last month, William Jack II Plants, the CFO of FISI bought 660.00 shares for a total of $19,872.60.
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