Financial Institutions (FISI) to Release Earnings on Thursday

Financial Institutions (NASDAQ:FISIGet Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Financial Institutions to post earnings of $0.74 per share and revenue of $52,103.50 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Financial Institutions Price Performance

Shares of Financial Institutions stock opened at $27.22 on Tuesday. The firm has a market cap of $421.09 million, a PE ratio of 8.56 and a beta of 0.91. The stock has a 50 day moving average of $27.06 and a 200 day moving average of $25.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Financial Institutions has a 12 month low of $16.29 and a 12 month high of $29.34.

Financial Institutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.41%. Financial Institutions’s dividend payout ratio is currently 37.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FISI. Keefe, Bruyette & Woods upped their price target on shares of Financial Institutions from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Financial Institutions from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Piper Sandler initiated coverage on Financial Institutions in a research report on Friday, December 20th. They issued an “overweight” rating and a $33.00 price target for the company.

Read Our Latest Stock Report on Financial Institutions

Insider Buying and Selling

In other news, Director Robert N. Latella purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now owns 16,000 shares of the company’s stock, valued at approximately $400,000. This trade represents a 33.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.68% of the stock is owned by corporate insiders.

About Financial Institutions

(Get Free Report)

Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.

See Also

Earnings History for Financial Institutions (NASDAQ:FISI)

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