Media stories about Financial Institutions (NASDAQ:FISI) have trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Financial Institutions earned a news impact score of 0.67 on their scale. InfoTrie also gave news coverage about the bank an news buzz score of 6 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near future.
NASDAQ FISI opened at $29.13 on Friday. Financial Institutions has a 12 month low of $26.48 and a 12 month high of $34.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $469.63 million, a price-to-earnings ratio of 15.02 and a beta of 0.93.
Financial Institutions (NASDAQ:FISI) last posted its earnings results on Thursday, October 25th. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. Financial Institutions had a net margin of 23.61% and a return on equity of 11.00%. The company had revenue of $40.72 million for the quarter, compared to analysts’ expectations of $39.20 million. As a group, analysts predict that Financial Institutions will post 2.57 EPS for the current fiscal year.
Several research analysts have recently weighed in on FISI shares. Zacks Investment Research raised shares of Financial Institutions from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, August 2nd. BidaskClub cut shares of Financial Institutions from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Finally, ValuEngine cut shares of Financial Institutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.33.
In related news, CEO Martin Kearney Birmingham bought 1,500 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were bought at an average price of $31.95 per share, with a total value of $47,925.00. Following the completion of the transaction, the chief executive officer now directly owns 72,596 shares of the company’s stock, valued at approximately $2,319,442.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 3,845 shares of company stock worth $114,655 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.
About Financial Institutions
Financial Institutions, Inc operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. It operates in two segments, Banking and Non-Banking. The company offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement and other qualified plan accounts.
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