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
(
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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.
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