Financial Institutions (FISI) Projected to Post Earnings on Thursday

Financial Institutions (NASDAQ:FISI) is projected to issue 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 listening to the company’s earnings conference call can do so using this link.

Financial Institutions Trading Down 0.7 %

NASDAQ FISI opened at $27.03 on Wednesday. Financial Institutions has a 52 week low of $16.29 and a 52 week high of $29.34. The firm has a 50 day moving average of $27.09 and a two-hundred day moving average of $25.73. 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 stock has a market capitalization of $418.15 million, a PE ratio of 8.50 and a beta of 0.91.

Financial Institutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid 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 payout ratio is currently 37.74%.

Insider Activity at Financial Institutions

In other Financial Institutions news, Director Robert N. Latella bought 4,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $25.00 per share, with a total value 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FISI shares. StockNews.com downgraded Financial Institutions from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Piper Sandler started 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 for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Financial Institutions from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

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.