Neutral Press Coverage Somewhat Likely to Affect Financial Institutions (NASDAQ:FISI) Share Price

News articles about Financial Institutions (NASDAQ:FISI) have been trending neutral on Sunday, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Financial Institutions earned a news impact score of 0.22 on their scale. InfoTrie also gave headlines about the bank an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.

Shares of FISI stock traded up $0.01 during trading on Friday, hitting $28.03. The company’s stock had a trading volume of 17,330 shares, compared to its average volume of 27,301. The company has a market cap of $448.03 million, a P/E ratio of 10.91 and a beta of 0.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average is $27.86. Financial Institutions has a 52 week low of $24.49 and a 52 week high of $33.70.

Financial Institutions (NASDAQ:FISI) last released its earnings results on Tuesday, April 30th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The company had revenue of $40.91 million during the quarter, compared to analyst estimates of $41.20 million. Financial Institutions had a return on equity of 11.79% and a net margin of 21.36%. On average, sell-side analysts expect that Financial Institutions will post 2.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, June 13th. Financial Institutions’s dividend payout ratio is presently 38.91%.

Separately, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.

In other news, insider Joseph L. Dugan acquired 10,600 shares of Financial Institutions stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $28.45 per share, with a total value of $301,570.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martin Kearney Birmingham acquired 1,000 shares of Financial Institutions stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $28.33 per share, with a total value of $28,330.00. Following the completion of the acquisition, the chief executive officer now owns 78,454 shares of the company’s stock, valued at approximately $2,222,601.82. The disclosure for this purchase can be found here. Corporate insiders own 4.34% of the company’s stock.

Financial Institutions Company Profile

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.

Further Reading: G-20

Insider Buying and Selling by Quarter for Financial Institutions (NASDAQ:FISI)

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