Financial Institutions (FISI) Expected to Announce Earnings on Thursday

Financial Institutions (NASDAQ:FISI) will likely be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $51.85 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Financial Institutions Price Performance

Financial Institutions stock opened at $27.03 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $27.09 and a 200 day moving average price of $25.73. Financial Institutions has a 12-month low of $16.29 and a 12-month high of $29.34. The stock has a market cap of $418.15 million, a P/E ratio of 8.50 and a beta of 0.91.

Financial Institutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.44%. Financial Institutions’s dividend payout ratio is currently 37.74%.

Analyst Ratings Changes

FISI has been the topic of a number of recent analyst reports. Piper Sandler started coverage on Financial Institutions in a report on Friday, December 20th. They issued an “overweight” rating and a $33.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective 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. Finally, StockNews.com lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Insider Activity at Financial Institutions

In other news, Director Robert N. Latella bought 4,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now directly owns 16,000 shares of the company’s stock, valued at $400,000. The trade was a 33.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.68% of the stock is owned by insiders.

Financial Institutions Company Profile

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.