Wall Street brokerages forecast that Financial Institutions, Inc. (NASDAQ:FISI) will announce earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Financial Institutions’ earnings. Financial Institutions posted earnings per share of $0.57 in the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The business is expected to issue its next earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Financial Institutions will report full year earnings of $1.98 per share for the current year. For the next financial year, analysts expect that the company will report earnings of $2.10 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Financial Institutions.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $37.01 million for the quarter. Financial Institutions had a net margin of 19.46% and a return on equity of 9.93%.

FISI has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price target on shares of Financial Institutions in a report on Friday, September 22nd. ValuEngine lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $31.50 price target on shares of Financial Institutions in a report on Thursday, August 3rd.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/29/0-53-earnings-per-share-expected-for-financial-institutions-inc-fisi-this-quarter.html.

A number of hedge funds and other institutional investors have recently modified their holdings of FISI. Numeric Investors LLC lifted its position in Financial Institutions by 306.4% during the 2nd quarter. Numeric Investors LLC now owns 241,803 shares of the bank’s stock worth $7,206,000 after buying an additional 182,306 shares in the last quarter. Banc Funds Co. LLC lifted its position in Financial Institutions by 113.3% during the 2nd quarter. Banc Funds Co. LLC now owns 188,261 shares of the bank’s stock worth $5,610,000 after buying an additional 100,000 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in Financial Institutions during the 2nd quarter worth about $2,401,000. Dimensional Fund Advisors LP lifted its position in Financial Institutions by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 967,271 shares of the bank’s stock worth $28,825,000 after buying an additional 77,202 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in Financial Institutions by 64.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 145,814 shares of the bank’s stock worth $4,345,000 after buying an additional 56,900 shares in the last quarter. Institutional investors and hedge funds own 67.42% of the company’s stock.

Financial Institutions (NASDAQ FISI) opened at 32.95 on Friday. Financial Institutions has a 52 week low of $25.65 and a 52 week high of $35.40. The company’s 50 day moving average is $29.01 and its 200 day moving average is $29.90. The stock has a market cap of $494.18 million, a P/E ratio of 16.08 and a beta of 1.20.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, September 13th. Financial Institutions’s payout ratio is 41.79%.

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.

Get a free copy of the Zacks research report on Financial Institutions (FISI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.