high
Buy
2,000 shares
$50,000
Significance
7/10
CRO Gary Pacos buys 2,000 shares of FISI at $25.00; 14 other insiders bought within 14 days
Chief Risk Officer Gary Pacos purchased 2,000 shares at $25.00 on 2024-12-13, establishing an initial position in FINANCIAL INSTITUTIONS INC. This transaction occurs within a cluster pattern in which 14 other insiders also bought within the past 14 days, suggesting coordinated accumulation across the executive team. The stock has risen 7.8% over 30 days and 10.9% over 90 days, currently trading at $28.92, near its 52-week high. With a P/E of 8.79 and net income of $13.5M, the fundamentals present a valuation backdrop that multiple insiders are acting upon simultaneously.