Financial Institutions (FISI) Set to Announce Earnings on Thursday

Financial Institutions (NASDAQ:FISI - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 24th. Parties interested in listening to the company's conference call can do so using this link.

Financial Institutions (NASDAQ:FISI - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.92. The firm had revenue of $102.80 million for the quarter. Financial Institutions had a return on equity of 12.06% and a net margin of 13.95%. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, analysts expect Financial Institutions to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Financial Institutions Stock Up 1.2 %

FISI stock traded up $0.31 during midday trading on Thursday, hitting $26.83. The company's stock had a trading volume of 29,171 shares, compared to its average volume of 51,001. The company has a market cap of $414.44 million, a PE ratio of 10.62 and a beta of 0.89. Financial Institutions has a 12 month low of $15.22 and a 12 month high of $27.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average is $25.04 and its 200-day moving average is $21.16.

Financial Institutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 4.47%. Financial Institutions's dividend payout ratio (DPR) is 47.81%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FISI shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $25.00 price target (up previously from $20.00) on shares of Financial Institutions in a research report on Monday, July 29th. StockNews.com lowered Financial Institutions from a "buy" rating to a "hold" rating in a research report on Wednesday, October 2nd.

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.