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KBW Sticks to Its Buy Rating for Financial Institutions (FISI)

Tipranks - Tue Feb 3, 5:52AM CST

In a report released on January 30, Damon Delmonte from KBW reiterated a Buy rating on Financial Institutions, with a price target of $38.00. The company’s shares closed last Friday at $32.94.

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According to TipRanks, Delmonte is a 5-star analyst with an average return of 17.0% and an 81.86% success rate. Delmonte covers the Financial sector, focusing on stocks such as Midland States Bancrop, Horizon Bancorp, and Alerus Financial.

In addition to KBW, Financial Institutions also received a Buy from TipRanks – Google’s Google Banks – Regional in a report issued on January 30. However, on the same day, TipRanks – xAI reiterated a Hold rating on Financial Institutions (NASDAQ: FISI).

Based on Financial Institutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $96.26 million and a net profit of $20.48 million. In comparison, last year the company earned a revenue of $86.95 million and had a net profit of $13.47 million

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