Karl Valentine Anderson Jr., Director at FINANCIAL INSTITUTIONS INC (FISI), sold 1,410 shares at $28.44 ($40K) on 2016-04-29, disclosed to the SEC on 2016-05-02.
Seasonal sale ($40k) by Director — this insider has traded FISI in April in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.