Financial Institutions (NASDAQ:FISI - Get Free Report) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Financial Institutions (NASDAQ:FISI - Get Free Report) last announced its earnings results on Thursday, January 25th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.12). The company had revenue of $55.25 million during the quarter, compared to analysts' expectations of $50.29 million. Financial Institutions had a net margin of 15.03% and a return on equity of 12.24%. On average, analysts expect Financial Institutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Financial Institutions Stock Performance
Shares of NASDAQ:FISI traded up $0.08 during trading on Thursday, reaching $16.42. The company had a trading volume of 54,589 shares, compared to its average volume of 52,895. Financial Institutions has a fifty-two week low of $13.84 and a fifty-two week high of $23.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.84. The stock's fifty day moving average price is $18.34 and its 200 day moving average price is $18.72. The firm has a market capitalization of $253.69 million, a price-to-earnings ratio of 5.26 and a beta of 0.87.
Financial Institutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 7.31%. Financial Institutions's dividend payout ratio is currently 37.97%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on FISI. Piper Sandler reaffirmed a "neutral" rating and issued a $19.00 target price (down previously from $23.00) on shares of Financial Institutions in a report on Monday, March 25th. TheStreet upgraded Financial Institutions from a "c+" rating to a "b-" rating in a research report on Thursday, December 28th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $23.00 price target on shares of Financial Institutions in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, According to MarketBeat, Financial Institutions currently has a consensus rating of "Hold" and a consensus target price of $20.67.
Read Our Latest Stock Report on Financial Institutions
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Financial Institutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 768,466 shares of the bank's stock worth $16,368,000 after purchasing an additional 14,263 shares in the last quarter. Barclays PLC boosted its position in shares of Financial Institutions by 44.7% in the 4th quarter. Barclays PLC now owns 50,278 shares of the bank's stock worth $1,071,000 after buying an additional 15,541 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Financial Institutions by 4.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 104,225 shares of the bank's stock worth $2,220,000 after buying an additional 4,800 shares in the last quarter. Royal Bank of Canada grew its stake in Financial Institutions by 17.8% in the 4th quarter. Royal Bank of Canada now owns 12,430 shares of the bank's stock valued at $264,000 after acquiring an additional 1,881 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Financial Institutions by 1.0% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 161,208 shares of the bank's stock valued at $3,434,000 after acquiring an additional 1,600 shares in the last quarter. 60.45% of the stock is currently owned by institutional investors and hedge funds.
About Financial Institutions
(
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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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