Financial Institutions (NASDAQ:FISI - Get Free Report) released its earnings results on Thursday. The bank reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.08, Zacks reports. Financial Institutions had a return on equity of 12.06% and a net margin of 13.95%. The company had revenue of $50.12 million during the quarter. During the same quarter in the previous year, the firm earned $0.88 EPS.
Financial Institutions Trading Down 3.9 %
Shares of Financial Institutions stock traded down $0.97 on Friday, hitting $24.01. The stock had a trading volume of 34,371 shares, compared to its average volume of 28,558. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. Financial Institutions has a one year low of $15.51 and a one year high of $27.75. The stock's 50-day simple moving average is $25.30 and its two-hundred day simple moving average is $21.56. The stock has a market cap of $370.88 million, a price-to-earnings ratio of 9.57 and a beta of 0.89.
Financial Institutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 5.00%. Financial Institutions's payout ratio is currently 47.81%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Financial Institutions from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $25.00 price target (up from $20.00) on shares of Financial Institutions in a research note on Monday, July 29th.
Check Out Our Latest Report on Financial Institutions
About Financial Institutions
(
Get Free Report)
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.
Further Reading
Before you consider Financial Institutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Financial Institutions wasn't on the list.
While Financial Institutions currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
