Financial Institutions (FISI) to Release Quarterly Earnings on Thursday

Financial Institutions (NASDAQ:FISI) 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) last posted its earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $50.12 million for the quarter. Financial Institutions had a net margin of 13.72% and a return on equity of 11.32%. During the same quarter in the prior year, the company earned $0.88 earnings per share. On average, analysts expect Financial Institutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Financial Institutions Trading Down 1.3 %

Financial Institutions stock opened at $26.98 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. Financial Institutions has a fifty-two week low of $16.29 and a fifty-two week high of $29.34. The stock has a market cap of $417.38 million, a P/E ratio of 8.48 and a beta of 0.91. The firm’s fifty day moving average price is $27.06 and its 200-day moving average price is $25.47.

Financial Institutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.45%. Financial Institutions’s dividend payout ratio is currently 37.74%.

Analyst Ratings Changes

FISI has been the subject of several recent analyst reports. StockNews.com lowered Financial Institutions from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price target on shares of Financial Institutions from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler assumed coverage on shares of Financial Institutions in a research report on Friday, December 20th. They set an “overweight” rating and a $33.00 price objective on the stock.

Insider Activity at Financial Institutions

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

About Financial Institutions

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.