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 1.06 on their scale. InfoTrie also gave news coverage about the bank an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Financial Institutions’ score:
- World’s Largest Financial Institutions are Still Placing Big Bets on Crypto (ccn.com)
- HashCash Enters Malta with Smart Contract-Based Insurance Automation (prweb.com)
- Somewhat Positive News Coverage Extremely Likely to Impact Financial Institutions (FISI) Share Price (americanbankingnews.com)
- The Gaming Exchange by HashCash Enables Greater Profitability for Gamers (prweb.com)
- A top executive set to leave Five Star Bank (finance.yahoo.com)
A number of research firms have commented on FISI. BidaskClub cut shares of Financial Institutions from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research cut shares of Financial Institutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. 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, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.67.
NASDAQ:FISI traded down $0.15 on Friday, reaching $27.41. 44,845 shares of the company’s stock were exchanged, compared to its average volume of 34,516. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $438.89 million, a PE ratio of 14.13 and a beta of 0.91. Financial Institutions has a 52-week low of $26.48 and a 52-week high of $34.35.
Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.05. The company had revenue of $40.72 million for the quarter, compared to analyst estimates of $39.20 million. Financial Institutions had a net margin of 23.61% and a return on equity of 10.93%. Analysts expect that Financial Institutions will post 2.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.50%. Financial Institutions’s dividend payout ratio (DPR) is presently 49.48%.
In other Financial Institutions news, CEO Martin Kearney Birmingham purchased 2,000 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average cost of $28.44 per share, for a total transaction of $56,880.00. Following the completion of the purchase, the chief executive officer now directly owns 74,596 shares of the company’s stock, valued at $2,121,510.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.34% of the stock is owned by corporate insiders.
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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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