Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Financial Institutions (FISI) Share Price

Media coverage about Financial Institutions (NASDAQ:FISI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Financial Institutions earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.4084385069635 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern’s analysis:

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FISI stock traded down $0.35 on Tuesday, reaching $30.85. 8,229 shares of the company were exchanged, compared to its average volume of 46,377. Financial Institutions has a 12 month low of $25.65 and a 12 month high of $35.35. The firm has a market capitalization of $492.24, a P/E ratio of 15.93 and a beta of 1.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.11.

Financial Institutions (NASDAQ:FISI) last announced its earnings results on Monday, January 29th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. Financial Institutions had a net margin of 20.34% and a return on equity of 9.07%. The business had revenue of $38.75 million for the quarter. equities research analysts anticipate that Financial Institutions will post 2.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.11%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.22. Financial Institutions’s payout ratio is 49.48%.

FISI has been the topic of a number of research reports. BidaskClub lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. ValuEngine lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Keefe, Bruyette & Woods lowered shares of Financial Institutions to a “market perform” rating and set a $35.00 target price on the stock. in a research report on Thursday, March 15th. Finally, Hovde Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Financial Institutions in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Financial Institutions has a consensus rating of “Hold” and an average target price of $34.17.

In other Financial Institutions news, Director Andrew W. Dorn, Jr. purchased 1,557 shares of the stock in a transaction on Thursday, February 1st. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.49% of the company’s stock.

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About Financial Institutions

Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.

Insider Buying and Selling by Quarter for Financial Institutions (NASDAQ:FISI)

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