Headlines about Financial Institutions (NASDAQ:FISI) have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Financial Institutions earned a media sentiment score of 1.33 on their scale. InfoTrie also gave press coverage about the bank an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
FISI traded up $0.36 during trading on Friday, reaching $28.33. 25,642 shares of the stock traded hands, compared to its average volume of 27,982. The stock has a market cap of $447.08 million, a PE ratio of 11.02 and a beta of 0.88. Financial Institutions has a fifty-two week low of $24.49 and a fifty-two week high of $33.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50-day moving average price is $27.78.
Financial Institutions (NASDAQ:FISI) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $40.91 million during the quarter, compared to analysts’ expectations of $41.20 million. Financial Institutions had a return on equity of 11.79% and a net margin of 21.36%. On average, equities research analysts expect that Financial Institutions will post 2.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.53%. Financial Institutions’s dividend payout ratio is currently 38.91%.
Separately, BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.
In related news, insider Joseph L. Dugan purchased 10,600 shares of Financial Institutions stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $28.45 per share, with a total value of $301,570.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martin Kearney Birmingham purchased 1,000 shares of Financial Institutions stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $28.33 per share, with a total value of $28,330.00. Following the transaction, the chief executive officer now directly owns 78,454 shares of the company’s stock, valued at $2,222,601.82. The disclosure for this purchase can be found here. 4.34% of the stock is owned by insiders.
About Financial Institutions
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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