Somewhat Positive Media Coverage Somewhat Unlikely to Affect Financial Institutions (FISI) Share Price
Press coverage about Financial Institutions (NASDAQ:FISI) has been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Financial Institutions earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.5182768957628 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Financial Institutions (NASDAQ:FISI) opened at $30.10 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. Financial Institutions has a 52 week low of $25.65 and a 52 week high of $35.40. The firm has a market capitalization of $470.34, a P/E ratio of 14.98 and a beta of 1.26.
Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Financial Institutions had a return on equity of 9.66% and a net margin of 19.46%. The company had revenue of $37.01 million during the quarter. equities research analysts expect that Financial Institutions will post 1.94 EPS for the current year.
A number of brokerages have weighed in on FISI. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price objective on shares of Financial Institutions in a research note on Thursday, October 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.50 price objective on shares of Financial Institutions in a research note on Wednesday, October 4th. Finally, ValuEngine upgraded Financial Institutions from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
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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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