Somewhat Positive News Coverage Somewhat Unlikely to Impact Financial Institutions (FISI) Share Price
News headlines about Financial Institutions (NASDAQ:FISI) have trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Financial Institutions earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.6000080888308 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities analysts have recently issued reports on FISI shares. ValuEngine raised Financial Institutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 target price on shares of Financial Institutions in a report on Thursday, August 3rd.
Shares of Financial Institutions (NASDAQ:FISI) traded up 1.87% during trading on Tuesday, hitting $27.30. The stock had a trading volume of 60,534 shares. The stock has a market capitalization of $409.45 million, a P/E ratio of 13.32 and a beta of 1.20. The stock’s 50-day moving average is $27.73 and its 200-day moving average is $30.85. Financial Institutions has a 12-month low of $25.65 and a 12-month high of $35.40.
Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). Financial Institutions had a net margin of 20.08% and a return on equity of 10.03%. The firm had revenue of $36.76 million for the quarter. Analysts predict that Financial Institutions will post $1.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, September 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.84 annualized dividend and a yield of 3.08%. Financial Institutions’s dividend payout ratio is currently 40.98%.
Financial Institutions Company Profile
Financial Institutions, Inc is a financial holding company. The Company conducts its business through its subsidiaries: Five Star Bank (the Bank), a New York chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company.
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