Somewhat Favorable News Coverage Somewhat Unlikely to Impact Financial Institutions (FISI) Stock Price
Media headlines about Financial Institutions (NASDAQ:FISI) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring 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 closest to one being the most favorable. Financial Institutions earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.5603743729525 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Mobey Forum to host Mobey Day financial services event in Barcelona (greensheet.com)
- The Manitowoc Company, Inc. Announces Plan for Reverse Stock Split (enhancedonlinenews.com)
- HOULIHAN LOKEY ANNOUNCES SENIOR HIRE IN ITS FINANCIAL INSTITUTIONS GROUP (marketwatch.com)
- Financial Institutions, Inc. (FISI) Ex-Dividend Date Scheduled for September … (nasdaq.com)
Shares of Financial Institutions (FISI) traded up 0.74% during mid-day trading on Monday, reaching $27.10. The company had a trading volume of 42,592 shares. The company’s 50-day moving average price is $27.37 and its 200-day moving average price is $30.65. The company has a market capitalization of $406.45 million, a PE ratio of 13.23 and a beta of 1.20. Financial Institutions has a 52-week low of $25.65 and a 52-week high of $35.40.
Financial Institutions (NASDAQ:FISI) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.08). Financial Institutions had a return on equity of 10.03% and a net margin of 20.08%. The business had revenue of $36.76 million during the quarter. On average, analysts forecast that Financial Institutions will post $1.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Wednesday, September 13th. Financial Institutions’s payout ratio is 40.98%.
Several brokerages recently weighed in on FISI. ValuEngine lowered Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a report on Thursday, August 3rd.
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About Financial Institutions
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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