Financial Institutions (NASDAQ:FISI – Get Free Report) released its earnings results on Thursday. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08, Zacks reports. The business had revenue of $50.12 million during the quarter. Financial Institutions had a net margin of 13.95% and a return on equity of 12.06%. During the same period in the prior year, the firm earned $0.88 EPS.
Financial Institutions Price Performance
FISI traded down $0.97 during trading on Friday, reaching $24.01. The company’s stock had a trading volume of 34,371 shares, compared to its average volume of 28,558. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $25.30 and a two-hundred day simple moving average of $21.56. Financial Institutions has a 1 year low of $15.51 and a 1 year high of $27.75. The company has a market cap of $370.95 million, a price-to-earnings ratio of 7.46 and a beta of 0.89.
Financial Institutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, September 13th. Financial Institutions’s dividend payout ratio (DPR) is 37.27%.
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About Financial Institutions
Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.
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