FISI trades 13.5% below Wall Street's consensus target of $45.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FISI achieves its forward estimates and maintains a stable P/E multiple of 9.5x. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Financial Institutions, Inc. (FISI) has a Wall Street consensus price target of $45.00, based on estimates from 6 covering analysts. With the stock currently trading at $39.66, this represents a potential upside of +13.5%. The company has a market capitalization of $781M.
Analyst price targets range from a low of $45.00 to a high of $45.00, representing a 0% spread in expectations. The median target of $45.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, FISI trades at a trailing P/E of 11.0x and forward P/E of 9.5x. The forward PEG ratio of 1.00 indicates reasonable valuation for growth. Analysts expect EPS to grow +1.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $46.24, with bear and bull scenarios of $29.13 and $60.93 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NBTBNBT Bancorp Inc. | $2.6B | $50.48 | $56.67 | +12.3% | Hold | 12.1x | 10 |
 TRMKTrustmark Corporation | $2.7B | $45.69 | $47.50 | +4.0% | Hold | 11.5x | 9 |
 CNOBConnectOne Bancorp, Inc. | $1.5B | $30.50 | $34.00 | +11.5% | Buy | 9.4x | 11 |
 EGBNEagle Bancorp, Inc. | $856M | $28.06 | $30.50 | +8.7% | Hold | 19.3x | 14 |
 TRSTTrustCo Bank Corp NY | $946M | $55.54 | — | — | Hold | 19.4x | 3 |
 NFBKNorthfield Bancorp, Inc. | $639M | $15.31 | $14.50 | -5.3% | Hold | 11.3x | 9 |
 CBSHCommerce Bancshares, Inc. | $8.1B | $55.59 | $67.25 | +21.0% | Hold | 13.1x | 15 |
 WSFSWSFS Financial Corporation | $4.0B | $76.99 | $81.50 | +5.9% | Hold | 11.7x | 13 |
 IBCPIndependent Bank Corporation | $727M | $35.30 | $39.50 | +11.9% | Hold | 9.9x | 8 |
 FFINFirst Financial Bankshares, Inc. | $4.6B | $31.92 | $35.33 | +10.7% | Hold | 15.6x | 16 |
Quick answers to the most common questions about buying FISI stock.
Financial Institutions, Inc. (FISI) has a consensus 12-month price target of $45, implying 13.5% upside from $39.66. The 6 analysts covering FISI see moderate appreciation potential.
FISI has a consensus rating of "Hold" based on 6 Wall Street analysts. The rating breakdown is mixed, with 4 Hold ratings making up the largest segment. The consensus 12-month price target of $45 implies 13.5% upside from current levels.
With a forward P/E of 9.4654x, FISI trades at a relatively low valuation. The consensus target of $45 implies 13.5% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $45 for FISI, while the most conservative target is $45. The consensus of $45 represents the median expectation. Our quantitative valuation model projects a bull case target of $61 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FISI is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FISI stock forecast based on 6 Wall Street analysts shows a consensus price target of $45, with estimates ranging from $45 (bear case) to $45 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $46, with bear/bull scenarios of $29/$61.
Our quantitative valuation model calculates FISI's fair value at $46 (base case), with a bear case of $29 and bull case of $61. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
FISI trades at a forward P/E ratio of 9.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.0x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on FISI, with a "Hold" consensus rating and $45 price target (13.5% upside). 2 of 6 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FISI analyst price targets range from $45 to $45, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $45 consensus represents the middle ground. Our model's $29-$61 range provides an independent fundamental perspective.
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