FINANCIAL INSTNS INC FISI
COM · Common Stock · CUSIP 317585404
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersWarsaw, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 20.1m as of 2025-04-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $24.97. Options: 1 managers hold calls ($0 notional), 2 hold puts ($10.0k).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 112 |
| Q4 2022 | 112 |
| Q1 2023 | 105 |
| Q2 2023 | 104 |
| Q3 2023 | 108 |
| Q4 2023 | 102 |
| Q1 2024 | 101 |
| Q2 2024 | 108 |
| Q3 2024 | 122 |
| Q4 2024 | 143 |
| Q1 2025 | 135 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 59 | 47 |
| Q3 2023 | 51 | 45 |
| Q4 2023 | 45 | 46 |
| Q1 2024 | 39 | 54 |
| Q2 2024 | 59 | 35 |
| Q3 2024 | 64 | 38 |
| Q4 2024 | 76 | 48 |
| Q1 2025 | 75 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $52.2k | $5.8k | 0.11 |
| Q3 2024 | $25.5k | $7.6k | 0.30 |
| Q4 2024 | $19.1k | $7.5k | 0.39 |
| Q1 2025 | $0 | $10.0k | — |
Biggest buyers
| PL Capital Advisors, LLC | Added | +763.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +365.9k |
| JPMORGAN CHASE & CO | Added | +269.2k |
| Fourthstone LLC | Added | +228.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +198.8k |
| BlackRock, Inc. | Added | +189.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +121.0k |
| VANGUARD GROUP INC | Added | +106.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +98.8k |
| DIMENSIONAL FUND ADVISORS LP | Added | +89.2k |
Biggest sellers
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | Sold out | -304.9k |
| PRUDENTIAL FINANCIAL INC | Reduced | -125.7k |
| EJF Capital LP | Sold out | -123.7k |
| PMC FIG Opportunities LLC | Sold out | -113.5k |
| BAYVIEW ASSET MANAGEMENT, LLC | Reduced | -91.8k |
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -90.0k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -75.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -60.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -60.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -58.2k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | New | $10.0k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
PL Capital Advisors, LLC
13D · may seek influence
+1.4 pts · filed 2025-10-02
Stated purposeThis is the Reporting Persons' second amended Schedule 13D. The Reporting Persons beneficially own 8.9% of the Company in the aggregate, based upon the Company's outstanding shares of Common Stock as of July 31, 2025. The Reporting Persons acquired the Common Stock because they believed the Common Stock was undervalued at the time of purchase. The Reporting Persons intend to monitor the performance and corporate governance of the Company, as well as the actions of the Company's management and board. As it deems necessary, the Reporting Persons will assert their stockholder rights. To the extent the actions described herein may be deemed to constitute a "control purpose" with respect to the Exchange Act and the regulations thereunder, the Reporting Persons have such a purpose. Exc… Full filing |
8.9% |
| BlackRock, Inc. 13G · institution +1.4 pts · filed 2026-07-28 | 8.3% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +0.1 pts · filed 2026-07-14 | 5.1% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.6%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 9 | $315.6k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 14 | $265.0k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $38.4m | Added +189.6k |
| PL Capital Advisors, LLC 10.57% of their portfolio | 1.3m $31.5m | Added +763.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $26.5m | Added +89.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.0m $25.7m | Added +106.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 775.2k $19.3m | Added +365.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 612.1k $15.3m | Reduced -58.2k |
| Ategra Capital Management, LLC 11.54% of their portfolio | 572.1k $14.3m | Unchanged |
| Fourthstone LLC 3.39% of their portfolio | 547.1k $13.7m | Added +228.8k |
| Verition Fund Management LLC 0.06% of their portfolio | 450.5k $11.2m | Added +82.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 450.1k $11.2m | Added +98.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 413.3k $10.3m | Reduced -39.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 379.2k $9.5m | Reduced -45.6k |
| COURIER CAPITAL LLC 0.58% of their portfolio | 352.6k $8.8m | Added +458 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 348.5k $8.7m | Added +198.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 330.7k $8.3m | Added +269.2k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 325.8k $8.1m | Reduced -13.3k |
| Rhino Investment Partners, Inc 1.93% of their portfolio | 313.1k $7.8m | Added +52.0k |
| STATE STREET CORP 0.00% of their portfolio | 311.2k $7.9m | Added +17.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 308.2k $7.7m | Reduced -41.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 302.9k $7.6m | Reduced -4.0k |
| CANANDAIGUA NATIONAL BANK & TRUST CO 0.70% of their portfolio | 280.0k $7.0m | Reduced -3.6k |
| MALTESE CAPITAL MANAGEMENT LLC 0.92% of their portfolio | 226.1k $5.6m | Unchanged |
| Stieven Capital Advisors, L.P. 1.09% of their portfolio | 225.5k $5.6m | Added +500 |
| MORGAN STANLEY 0.00% of their portfolio | 223.9k $5.6m | Reduced -13.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 219.1k $5.5m | Added +23.2k |
| Azora Capital LP 0.35% of their portfolio | 208.8k $5.2m | Reduced -18.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 197.3k $4.9m | Reduced -33.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 160.3k $4.0m | Added +35.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 147.3k $3.7m | Added +121.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 144.8k $3.6m | Added +5.0k |
| Palisades Investment Partners, LLC 1.73% of their portfolio | 138.1k $3.4m | Reduced -380 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 138.1k $3.4m | Added +11.5k |
| JACOBS ASSET MANAGEMENT, LLC 1.97% of their portfolio | 124.7k $3.1m | Reduced -26.8k |
| ENDEAVOUR CAPITAL ADVISORS INC 1.07% of their portfolio | 115.7k $2.9m | Added +200 |
| MENDON CAPITAL ADVISORS CORP 1.29% of their portfolio | 111.7k $2.8m | Added +11.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 106.0k $2.6m | Added +17.3k |
| BANC FUNDS CO LLC 0.34% of their portfolio | 104.0k $2.6m | Unchanged |
| Curi Capital, LLC 0.06% of their portfolio | 100.0k $2.5m | Added +11.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 97.2k $2.4m | Added +10.6k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 89.0k $2.2m | Added +10.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 88.1k $2.2m | Added +10.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 86.4k $2.2m | Reduced -20.4k |
| SEGALL BRYANT & HAMILL, LLC 0.03% of their portfolio | 81.2k $2.0m | Reduced -2.4k |
| BAYVIEW ASSET MANAGEMENT, LLC 2.25% of their portfolio | 80.1k $2.0m | Reduced -91.8k |
| Empowered Funds, LLC 0.03% of their portfolio | 74.8k $1.9m | Added +5.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 74.6k $1.9m | Reduced -60.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 74.0k $1.8m | Reduced -33.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 72.2k $1.8m | Added +13.9k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 69.3k $1.7m | Reduced -3 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 61.8k $1.5m | Reduced -125.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 59.4k $1.5m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 47.2k $1.2m | First filing |
| Cutler Capital Management, LLC 0.41% of their portfolio | 47.0k $1.2m | Added +1.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 46.1k $1.2m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 41.7k $1.0m | Reduced -6.2k |
| FMR LLC 0.00% of their portfolio | 39.0k $973.8k | Added +1.4k |
| Invesco Ltd. 0.00% of their portfolio | 37.2k $928.2k | Reduced -1.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 37.0k $923.5k | Added +3.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 36.3k $906.4k | Reduced -75.8k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 35.5k $886.0k | Added +6.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 26.1k $651.3k | Added +16.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 24.9k $620.7k | Added +2.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 24.5k $611.2k | Added +1.2k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 24.1k $600.3k | Reduced -10.9k |
| UBS Group AG 0.00% of their portfolio | 22.6k $563.9k | Added +1.3k |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 21.6k $539.6k | Reduced -35.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 21.3k $532.3k | Reduced -5.8k |
| GREAT LAKES ADVISORS, LLC 0.00% of their portfolio | 17.5k $436.5k | Reduced -453 |
| Squarepoint Ops LLC 0.00% of their portfolio | 16.7k $417.2k | Added +2.5k |
| Quantbot Technologies LP 0.01% of their portfolio | 16.5k $412.6k | New |
| Dynamic Technology Lab Private Ltd 0.06% of their portfolio | 16.0k $400.0k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.0k $375.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 14.9k $370.8k | Reduced -2.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 14.7k $368.1k | Added +4.8k |
| CITIGROUP INC 0.00% of their portfolio | 14.7k $367.0k | Added +1.8k |
| Trexquant Investment LP 0.00% of their portfolio | 13.9k $346.2k | New |
| Creative Planning 0.00% of their portfolio | 13.3k $331.0k | Added +3.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 12.4k $310.4k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 12.0k $301.0k | Reduced -2.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 11.9k $297.5k | Reduced -2.7k |
| Engineers Gate Manager LP 0.00% of their portfolio | 11.7k $291.9k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 11.5k $286.7k | Added +2.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 11.3k $282.9k | Added +2.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 11.1k $276.7k | Added +2.7k |
| Advisory Services Network, LLC 0.00% of their portfolio | 9.9k $248.0k | New |
| Corebridge Financial, Inc. 0.00% of their portfolio | 9.4k $234.0k | Added +1.8k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 9.2k $230.4k | New |
| CWM, LLC 0.00% of their portfolio | 9.2k $230.0k | Added +688 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 9.2k $229.0k | Reduced -32.2k |
| Stonebrook Private Inc. 0.06% of their portfolio | 8.7k $216.8k | Added +15 |
| Centiva Capital, LP 0.01% of their portfolio | 8.6k $214.3k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 8.3k $207.0k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 8.2k $205.2k | New |
| Jump Financial, LLC 0.00% of their portfolio | 8.2k $204.6k | New |
| EMC Capital Management 0.11% of their portfolio | 7.1k $177.0k | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 6.2k $155.0k | Reduced -1.2k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 3.7k $92.4k | Unchanged |
| TOMPKINS FINANCIAL CORP 0.01% of their portfolio | 3.0k $75.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.9k $71.7k | Reduced -144 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.9k $48.3k | Added +576 |