Financial Institutions, Inc. (NASDAQ:FISI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.01 and traded as high as $27.64. Financial Institutions shares last traded at $27.01, with a volume of 171,493 shares.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Stephens reiterated an "equal weight" rating and set a $32.00 target price on shares of Financial Institutions in a research note on Tuesday, March 11th. Wall Street Zen lowered Financial Institutions from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st.
Get Our Latest Analysis on Financial Institutions
Financial Institutions Stock Performance
The firm has a market capitalization of $543.17 million, a P/E ratio of -36.01 and a beta of 0.71. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $25.94 and a 200-day moving average of $26.01.
Financial Institutions (NASDAQ:FISI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. Financial Institutions had a positive return on equity of 12.69% and a negative net margin of 2.63%. The firm had revenue of $57.24 million during the quarter, compared to analyst estimates of $57.14 million. On average, equities analysts anticipate that Financial Institutions, Inc. will post 3.3 earnings per share for the current fiscal year.
Financial Institutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 13th were paid a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 4.59%. Financial Institutions's dividend payout ratio is presently -165.33%.
Hedge Funds Weigh In On Financial Institutions
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of Financial Institutions by 5.0% in the 1st quarter. Rhumbline Advisers now owns 24,489 shares of the bank's stock worth $611,000 after buying an additional 1,157 shares during the last quarter. Mendon Capital Advisors Corp boosted its stake in shares of Financial Institutions by 11.7% in the 1st quarter. Mendon Capital Advisors Corp now owns 111,720 shares of the bank's stock worth $2,789,000 after buying an additional 11,720 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Financial Institutions in the 1st quarter worth approximately $375,000. Empowered Funds LLC boosted its stake in shares of Financial Institutions by 7.1% in the 1st quarter. Empowered Funds LLC now owns 74,841 shares of the bank's stock worth $1,868,000 after buying an additional 4,979 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Financial Institutions in the 1st quarter worth approximately $400,000. Institutional investors and hedge funds own 60.45% of the company's stock.
About Financial Institutions
(
Get Free Report)
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.
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