Financial Institutions (FISI) Expected to Announce Earnings on Thursday

Financial Institutions (NASDAQ:FISI) is projected to release 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 that wish to register for the company’s earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) last issued its earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company 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 period in the previous year, the firm 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 %

Shares of FISI opened at $26.98 on Thursday. The stock has a market capitalization of $417.38 million, a P/E ratio of 8.48 and a beta of 0.91. Financial Institutions has a twelve month low of $16.29 and a twelve month high of $29.34. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $25.47.

Financial Institutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Friday, December 13th. Financial Institutions’s dividend payout ratio (DPR) is 37.74%.

Insider Activity

In related news, Director Robert N. Latella acquired 4,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $400,000. This represents a 33.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

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

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.