Deep Dive: 4 good reasons this small-cap, dividend-paying stock sector could reward contrarian investors [MarketWatch]
Financial Institutions, Inc. (FISI)
Last financial institutions, inc. earnings: 4/30 04:05 pm
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Source: MarketWatch
4 good reasons this small-cap, dividend-paying stock sector could reward contrarian investors Jay Kaplan of Royce Funds is looking toward Main Street as an investment target: community banks. Kaplan has co-managed the $1.7 billion Royce Total Return Fund RYTRX, -0.45% for 13 years with Chuck Royce, who has been the lead manager for the fund for more than 25 years. The managers focus on selecting stable small-cap companies that pay dividends as part of a long-term low-volatility strategy. Royce Funds is based in New York, has about $12.8 billion in assets under management and is majority-owned by Legg Mason LM, -0.74% One reason Kaplan likes community banks for investment right now is that the subsector has underperformed. The S&P Small-Cap 600 Small Cap Index SML, -0.07% returned 8.3% for the 12 months through March 1 (with dividends reinvested), while its banking industry group returned 4.4%. One reason banks have underperformed is that while short-term interest rates have
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FISI
News
- Five Star Bancorp Announces the Hiring of San Francisco Bay Area Banking Professional and the Full Exercise and Closing of Underwriters' Option to Purchase Additional Shares in the Company's Underwritten Public Offering [Yahoo! Finance]Yahoo! Finance
- Financial Institutions, Inc. (NASDAQ: FISI) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $23.00 price target on the stock.MarketBeat
- NFP Acquires the Assets of SDN Insurance Agency, Expanding Its Commercial P&C Expertise and Presence in Western New York [Yahoo! Finance]Yahoo! Finance
- NFP Acquires the Assets of SDN Insurance Agency, Expanding Its Commercial P&C Expertise and Presence in Western New YorkPR Web
- Financial Institutions, Inc. Announces Sale of the Assets of SDN Insurance Agency to NFP [Yahoo! Finance]Yahoo! Finance
FISI
Earnings
- 1/25/24 - Miss
FISI
Analyst Actions
- 4/2/24 - Keefe, Bruyette & Woods
FISI
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- FISI's page on the SEC website