$0.50 EPS Expected for Financial Institutions, Inc. (FISI) This Quarter

Wall Street analysts expect Financial Institutions, Inc. (NASDAQ:FISI) to announce earnings per share of $0.50 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Financial Institutions’ earnings. Financial Institutions posted earnings per share of $0.52 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that Financial Institutions will report full-year earnings of $2.12 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $2.30 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Financial Institutions.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company had revenue of $38.75 million for the quarter. Financial Institutions had a return on equity of 9.31% and a net margin of 20.34%.

Several brokerages have recently commented on FISI. BidaskClub lowered Financial Institutions from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Hovde Group reissued a “buy” rating and set a $36.00 price target on shares of Financial Institutions in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price target on shares of Financial Institutions in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.50.

Shares of Financial Institutions (NASDAQ FISI) remained flat at $$30.80 during trading hours on Monday. The company had a trading volume of 53,505 shares, compared to its average volume of 50,807. The firm has a market cap of $481.29, a PE ratio of 14.53 and a beta of 1.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. Financial Institutions has a 12-month low of $25.65 and a 12-month high of $35.40.

In related news, Director Andrew W. Dorn, Jr. acquired 1,557 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $30.95 per share, for a total transaction of $48,189.15. Following the transaction, the director now directly owns 16,999 shares of the company’s stock, valued at approximately $526,119.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Martin Kearney Birmingham acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the transaction, the chief executive officer now directly owns 82,916 shares in the company, valued at $2,624,291.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,496 shares of company stock valued at $207,123 over the last 90 days. Insiders own 5.49% of the company’s stock.

Several institutional investors have recently modified their holdings of FISI. BlackRock Inc. raised its holdings in Financial Institutions by 0.9% in the 4th quarter. BlackRock Inc. now owns 1,115,102 shares of the bank’s stock valued at $34,680,000 after acquiring an additional 10,142 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Financial Institutions by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,254 shares of the bank’s stock valued at $29,786,000 after acquiring an additional 66,983 shares during the last quarter. Commonwealth Equity Services Inc raised its holdings in Financial Institutions by 0.9% in the 3rd quarter. Commonwealth Equity Services Inc now owns 617,858 shares of the bank’s stock valued at $17,794,000 after acquiring an additional 5,295 shares during the last quarter. Vanguard Group Inc. raised its holdings in Financial Institutions by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 589,796 shares of the bank’s stock valued at $17,576,000 after acquiring an additional 5,443 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Financial Institutions by 8.0% during the 4th quarter. LSV Asset Management now owns 388,287 shares of the bank’s stock worth $12,075,000 after buying an additional 28,752 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

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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.

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