Financial Institutions (FISI) Set to Announce Earnings on Thursday

Financial Institutions (NASDAQ:FISI) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) 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. Financial Institutions had a net margin of 13.95% and a return on equity of 12.06%. The business had revenue of $102.80 million during the quarter. During the same quarter last 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 0.6 %

Shares of NASDAQ FISI opened at $25.34 on Wednesday. The firm has a market cap of $391.43 million, a P/E ratio of 10.10 and a beta of 0.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86. Financial Institutions has a 1 year low of $15.22 and a 1 year high of $27.75. The firm’s 50 day moving average price is $25.25 and its 200 day moving average price is $21.41.

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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, September 13th. Financial Institutions’s dividend payout ratio is currently 47.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FISI shares. StockNews.com downgraded Financial Institutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price target (up from $20.00) on shares of Financial Institutions in a research note on Monday, July 29th.

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.