Financial Institutions (FISI) Scheduled to Post Earnings on Monday

Financial Institutions (NASDAQ:FISI) is scheduled to issue its quarterly earnings data on Monday, January 22nd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Financial Institutions had a return on equity of 9.35% and a net margin of 22.37%. The firm had revenue of $37.01 million during the quarter. On average, analysts expect Financial Institutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Financial Institutions (FISI) opened at $32.85 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. Financial Institutions has a one year low of $25.65 and a one year high of $35.40. The company has a market capitalization of $507.85, a P/E ratio of 16.34 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Wednesday, December 13th. This is a boost from Financial Institutions’s previous quarterly dividend of $0.21. Financial Institutions’s dividend payout ratio (DPR) is 43.78%.

FISI has been the subject of a number of research reports. ValuEngine raised Financial Institutions from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut Financial Institutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price objective on shares of Financial Institutions in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Financial Institutions has a consensus rating of “Hold” and an average target price of $32.25.

In related news, insider Joseph L. Dugan bought 930 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $32.15 per share, with a total value of $29,899.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Glaser bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $32.34 per share, for a total transaction of $32,340.00. Following the transaction, the director now owns 13,451 shares of the company’s stock, valued at $435,005.34. The disclosure for this purchase can be found here. Insiders acquired 4,939 shares of company stock valued at $158,934 in the last three months. Insiders own 5.49% of the company’s stock.

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About Financial Institutions

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.

Earnings History for Financial Institutions (NASDAQ:FISI)

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