Financial Institutions, Inc. (NASDAQ:FISI) announced a quarterly dividend on Friday, May 26th. Shareholders of record on Wednesday, June 14th will be given a dividend of 0.21 per share by the bank on Monday, July 3rd. This represents a $0.84 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, June 12th.

Financial Institutions (NASDAQ:FISI) traded down 0.16% during midday trading on Friday, reaching $31.10. The company’s stock had a trading volume of 26,812 shares. The firm has a market cap of $448.03 million, a P/E ratio of 14.67 and a beta of 1.04. Financial Institutions has a 52-week low of $24.56 and a 52-week high of $35.40. The firm has a 50 day moving average of $32.65 and a 200 day moving average of $32.71.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Tuesday, April 25th. The bank reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Financial Institutions had a return on equity of 10.52% and a net margin of 21.15%. The firm had revenue of $34.83 million during the quarter. Analysts anticipate that Financial Institutions will post $2.14 earnings per share for the current fiscal year.

Dividend History for Financial Institutions (NASDAQ:FISI)

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Financial Institutions by 60.9% in the first quarter. Bank of America Corp DE now owns 46,080 shares of the bank’s stock worth $1,518,000 after buying an additional 17,446 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Financial Institutions by 36.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 81,538 shares of the bank’s stock worth $2,687,000 after buying an additional 21,603 shares during the period. Geode Capital Management LLC boosted its stake in shares of Financial Institutions by 14.5% in the first quarter. Geode Capital Management LLC now owns 123,164 shares of the bank’s stock worth $4,058,000 after buying an additional 15,631 shares during the period. Vanguard Group Inc. boosted its stake in shares of Financial Institutions by 10.1% in the first quarter. Vanguard Group Inc. now owns 584,353 shares of the bank’s stock worth $19,255,000 after buying an additional 53,552 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Financial Institutions by 10.8% in the first quarter. California Public Employees Retirement System now owns 33,900 shares of the bank’s stock worth $1,117,000 after buying an additional 3,300 shares during the period. 61.49% of the stock is owned by hedge funds and other institutional investors.

FISI has been the subject of a number of research reports. Hovde Group initiated coverage on Financial Institutions in a research note on Monday, March 20th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price objective on shares of Financial Institutions in a research note on Wednesday, April 26th.

TRADEMARK VIOLATION WARNING: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/26/financial-institutions-inc-announces-quarterly-dividend-of-0-21-fisi.html.

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.

12 Month Chart for NASDAQ:FISI

Receive News & Ratings for Financial Institutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Institutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.