Financial Institutions (FISI) Projected to Post Earnings on Monday

Financial Institutions (NASDAQ:FISI) is expected to release its earnings data after the market closes on Monday, April 28th. Analysts expect Financial Institutions to post earnings of $0.74 per share and revenue of $57.14 million for the quarter. Parties that wish to listen to the company’s earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.20). Financial Institutions had a negative net margin of 6.69% and a positive return on equity of 11.12%. On average, analysts expect Financial Institutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Financial Institutions Stock Performance

Shares of FISI stock opened at $22.35 on Monday. Financial Institutions has a 52-week low of $16.81 and a 52-week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The stock has a market cap of $448.74 million, a PE ratio of -15.41 and a beta of 0.68. The business has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $26.27.

Financial Institutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 14th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Friday, March 14th. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.30. Financial Institutions’s payout ratio is currently -85.52%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FISI. StockNews.com upgraded shares of Financial Institutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Stephens restated an “equal weight” rating and set a $32.00 price target on shares of Financial Institutions in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods upgraded Financial Institutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $29.00 to $34.00 in a report on Monday, February 3rd.

About Financial Institutions

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.