Director Robert N Latella buys 4,000 FISI shares at $25.00; 14 other insiders bought within 14 days, signaling broad confidence amid tight P/E of 8.79.
Director Latella purchased 4,000 shares for $100,000.00 on 2024-12-13, increasing his holdings by +33.3% to 16,000 shares post-transaction. The purchase occurred at $25.00, well below the current price of $28.92 and the 52-week high of $28.92 (stock has risen +7.8% in the past 30 days and +10.9% over 90 days). The timing is notable: Latella's prior buy at FISI on 2023-05-04 posted +29.0% return over the subsequent 90-day period. Most significantly, this purchase is part of a cluster pattern—14 other insiders also bought within the past 14 days—which indicates coordinated accumulation across the leadership group. Combined with the company's attractive valuation (P/E of 8.79, net income $13,466,000.00) and recent positive price momentum, the cluster activity suggests internal alignment on value.