Financial Institutions, Inc. to Issue Quarterly Dividend of $0.21 (FISI)

Financial Institutions, Inc. (NASDAQ:FISI) declared a quarterly dividend on Wednesday, August 23rd, RTT News reports. Investors of record on Thursday, September 14th will be given a dividend of 0.21 per share by the bank on Monday, October 2nd. This represents a $0.84 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Wednesday, September 13th.

Shares of Financial Institutions (FISI) opened at 27.10 on Tuesday. The company’s 50-day moving average is $27.31 and its 200 day moving average is $30.54. The stock has a market cap of $406.45 million, a P/E ratio of 13.23 and a beta of 1.20. Financial Institutions has a 1-year low of $25.65 and a 1-year high of $35.40.

Financial Institutions (NASDAQ:FISI) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.08). Financial Institutions had a net margin of 20.08% and a return on equity of 10.03%. The firm had revenue of $36.76 million during the quarter. Equities research analysts anticipate that Financial Institutions will post $1.96 EPS for the current year.

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A number of equities analysts have issued reports on the company. ValuEngine cut Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price target on shares of Financial Institutions in a research report on Thursday, August 3rd.

Financial Institutions Company Profile

Financial Institutions, Inc is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company.

Dividend History for Financial Institutions (NASDAQ:FISI)

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