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

Financial Institutions (NASDAQ:FISI - Get Free Report) will likely be posting 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 interested in participating in the company's earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The firm 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 last 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 Price Performance

Shares of NASDAQ FISI traded down $0.13 during mid-day trading on Thursday, hitting $26.85. 91,411 shares of the stock were exchanged, compared to its average volume of 125,701. The company has a market cap of $415.37 million, a P/E ratio of 8.44 and a beta of 0.91. 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 twelve month low of $16.29 and a twelve month high of $29.34. The stock's fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $25.48.

Financial Institutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 yield of 4.47%. Financial Institutions's dividend payout ratio is 37.74%.

Insider Transactions at Financial Institutions

In other Financial Institutions news, Director Robert N. Latella acquired 4,000 shares of Financial Institutions stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $25.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 16,000 shares in the company, valued at $400,000. The trade was a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FISI. StockNews.com cut Financial Institutions from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods increased their price objective on shares of Financial Institutions from $27.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Piper Sandler assumed coverage on shares of Financial Institutions in a research note on Friday, December 20th. They issued 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.