Financial Institutions (FISI) Earns Media Sentiment Score of 0.17
Media headlines about Financial Institutions (NASDAQ:FISI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Financial Institutions earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.0719927100509 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Kevin B. Klotzbach Buys 500 Shares of Financial Institutions, Inc. (FISI) Stock (americanbankingnews.com)
- Joseph L. Dugan Buys 930 Shares of Financial Institutions, Inc. (FISI) Stock (americanbankingnews.com)
- Financial Institutions, Inc. (FISI) CEO Martin Kearney Birmingham Acquires 1,000 Shares (americanbankingnews.com)
- Financial Institutions, Inc. (FISI) SVP Purchases $17,634.40 in Stock (americanbankingnews.com)
- Financial Institutions adds another board director (finance.yahoo.com)
Shares of Financial Institutions (NASDAQ FISI) opened at $32.15 on Friday. Financial Institutions has a 12 month low of $25.65 and a 12 month high of $35.40. The firm has a market capitalization of $490.19, a price-to-earnings ratio of 15.87 and a beta of 1.26. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.
Financial Institutions (NASDAQ:FISI) last announced its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Financial Institutions had a return on equity of 9.66% and a net margin of 19.46%. The company had revenue of $37.01 million during the quarter. sell-side analysts predict that Financial Institutions will post 1.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 14th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, December 13th. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.74%. Financial Institutions’s dividend payout ratio (DPR) is 41.79%.
FISI has been the subject of several recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $31.50 price objective on shares of Financial Institutions in a research note on Thursday, August 3rd. ValuEngine lowered Financial Institutions from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 price objective on shares of Financial Institutions in a research note on Friday, September 22nd.
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In other Financial Institutions news, insider Joseph L. Dugan bought 930 shares of the stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $32.15 per share, for a total transaction of $29,899.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martin Kearney Birmingham bought 1,000 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the chief executive officer now owns 82,916 shares of the company’s stock, valued at approximately $2,624,291.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,990 shares of company stock valued at $95,204. 5.49% of the stock is currently owned by corporate insiders.
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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