Financial Institutions (FISI) to Release Quarterly Earnings on Thursday

Financial Institutions (NASDAQ:FISI) will be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Financial Institutions to post earnings of $0.66 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) last announced its earnings results on Thursday, January 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.12). Financial Institutions had a net margin of 15.03% and a return on equity of 12.24%. The company had revenue of $55.25 million for the quarter, compared to the consensus estimate of $50.29 million. 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 Trading Down 0.1 %

NASDAQ:FISI opened at $17.35 on Tuesday. Financial Institutions has a 52 week low of $13.84 and a 52 week high of $23.11. The firm has a 50 day moving average of $18.22 and a 200 day moving average of $18.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $268.06 million, a price-to-earnings ratio of 5.49 and a beta of 0.87.

Financial Institutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.92%. Financial Institutions’s payout ratio is currently 37.97%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $19.00 price objective (down previously from $23.00) on shares of Financial Institutions in a report on Monday, March 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Financial Institutions in a research report on Tuesday, April 2nd. Finally, TheStreet upgraded Financial Institutions from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.67.

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.