Financial Institutions (FISI) Scheduled to Post Earnings on Thursday

Financial Institutions (NASDAQ:FISI) is scheduled to announce its earnings results after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.70 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 released its quarterly earnings data on Thursday, April 25th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.55). Financial Institutions had a net margin of 11.53% and a return on equity of 9.66%. The firm had revenue of $50.98 million during the quarter, compared to analysts’ expectations of $50.48 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 Up 4.9 %

FISI stock opened at $23.85 on Wednesday. Financial Institutions has a 52-week low of $15.22 and a 52-week high of $23.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $368.48 million, a P/E ratio of 9.50 and a beta of 0.90. The company’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $18.91.

Financial Institutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 5.03%. Financial Institutions’s dividend payout ratio is currently 47.81%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $23.00 target price on shares of Financial Institutions in a research note on Tuesday, April 2nd.

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.