$0.55 EPS Expected for Financial Institutions, Inc. (FISI) This Quarter

Equities research analysts expect Financial Institutions, Inc. (NASDAQ:FISI) to report earnings of $0.55 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Financial Institutions’ earnings. Financial Institutions reported earnings per share of $0.52 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is scheduled to report its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Financial Institutions will report full year earnings of $2.34 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $2.52 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Financial Institutions.

Financial Institutions (NASDAQ:FISI) last released its earnings results on Monday, January 29th. The bank reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $38.75 million for the quarter. Financial Institutions had a return on equity of 9.31% and a net margin of 20.34%.

A number of analysts recently issued reports on the company. BidaskClub lowered Financial Institutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price target on shares of Financial Institutions in a report on Thursday, October 26th. Finally, Hovde Group reiterated a “buy” rating and issued a $36.00 price target on shares of Financial Institutions in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Financial Institutions presently has an average rating of “Hold” and an average target price of $33.50.

Financial Institutions (FISI) opened at $30.95 on Monday. The company has a market capitalization of $478.95, a P/E ratio of 15.80 and a beta of 1.16. Financial Institutions has a 52 week low of $25.65 and a 52 week high of $35.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

In other news, Director Robert M. Glaser purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of $32.34 per share, for a total transaction of $32,340.00. Following the completion of the acquisition, the director now owns 13,451 shares of the company’s stock, valued at $435,005.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew W. Dorn, Jr. purchased 1,557 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $30.95 per share, with a total value of $48,189.15. Following the acquisition, the director now directly owns 16,999 shares of the company’s stock, valued at approximately $526,119.05. The disclosure for this purchase can be found here. Insiders purchased 6,496 shares of company stock valued at $207,123 in the last quarter. 5.49% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Ramsey Quantitative Systems purchased a new stake in Financial Institutions during the fourth quarter worth $113,000. SG Americas Securities LLC purchased a new stake in Financial Institutions during the third quarter worth $139,000. Cutler Capital Management LLC purchased a new stake in Financial Institutions during the fourth quarter worth $187,000. Dynamic Technology Lab Private Ltd purchased a new stake in Financial Institutions during the second quarter worth $216,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Financial Institutions during the second quarter worth $219,000. Institutional investors own 69.20% 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.

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