Keefe, Bruyette & Woods Upgrades Financial Institutions (FISI) to Outperform

Keefe, Bruyette & Woods analyst Damon DelMonte upgraded Financial Institutions (NASDAQ: FISI) from Market Perform to Outperform with a price target of $34.00 (from $29.00).

The analyst comments: "While 4Q earnings came in below expectations given the combination of a lower than expected margin, higher provision, and higher expenses, management’s initial guidance for 2025 aligns favorably with our current estimate. As we adjust our model for a better margin, somewhat offset by higher expenses, our 2025E remains unchanged at $3.45/sh; however, the pull through of a better margin/NII leads us to bump our 2026E to $3.85/sh. In light of FISI’s 4Q strategic actions (capital raise, securities repositioning), which have reset the profitability bar and improved capital levels, we believe downside from current levels is limited and offers an attractive entry point. We are raising our target to $34 and rating to Outperform."

For an analyst ratings summary and ratings history on Financial Institutions click here. For more ratings news on Financial Institutions click here.

Shares of Financial Institutions closed at $26.37 yesterday.

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