Financial Institutions: Dividend Yield Over 6%, High Potential Price Upside

Pgiam Earnings of Financial Institutions, Inc. (NASDAQ:FISI) will likely be lower this year because of the hit from fraudulent activity reported in the first quarter. Financial Institutions' subsidiary bank, Five Star Bank, (not to be confused with the subsidiary of Five Star Bancorp, Five Star Bank, which operates in Northern California) was the victim of a deposit-account related incident earlier this year. Further, earnings will suffer because the average margin will be lower this year compared to last y ...