Media coverage about Financial Institutions (NASDAQ:FISI) has been trending somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Financial Institutions earned a daily sentiment score of 2.00 on their scale. InfoTrie also gave news coverage about the bank an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Shares of NASDAQ FISI traded down $0.18 during midday trading on Thursday, reaching $31.41. The stock had a trading volume of 28,842 shares, compared to its average volume of 28,424. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $503.95 million, a price-to-earnings ratio of 11.99 and a beta of 0.86. The company’s 50 day moving average price is $32.09 and its 200 day moving average price is $30.63. Financial Institutions has a twelve month low of $25.57 and a twelve month high of $33.28.
Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.10. The firm had revenue of $44.84 million during the quarter. Financial Institutions had a return on equity of 11.60% and a net margin of 20.81%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, December 12th. Financial Institutions’s dividend payout ratio (DPR) is presently 38.91%.
A number of research firms recently weighed in on FISI. ValuEngine downgraded Financial Institutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub downgraded Financial Institutions from a “sell” rating to a “strong sell” rating in a research report on Thursday.
Financial Institutions Company Profile
Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.
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