Financial Institutions (FISI) Projected to Post Quarterly Earnings on Thursday

Financial Institutions (NASDAQ:FISIGet Free Report) is expected to be releasing its earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

Financial Institutions Stock Up 0.5 %

FISI stock opened at $27.22 on Tuesday. The business’s 50-day moving average is $27.06 and its two-hundred day moving average is $25.64. The company has a market cap of $421.09 million, a price-to-earnings ratio of 8.56 and a beta of 0.91. Financial Institutions has a fifty-two week low of $16.29 and a fifty-two week high of $29.34. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, December 13th. Financial Institutions’s dividend payout ratio (DPR) is presently 37.74%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FISI. StockNews.com downgraded shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Piper Sandler started coverage on Financial Institutions in a research report on Friday, December 20th. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Financial Institutions from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Check Out Our Latest Stock Analysis on FISI

Insiders Place Their Bets

In other news, Director Robert N. Latella acquired 4,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink. Company insiders own 2.68% of the company’s stock.

About Financial Institutions

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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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