Financial Institutions (FISI) Getting Somewhat Favorable News Coverage, Study Shows
Headlines about Financial Institutions (NASDAQ:FISI) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Financial Institutions earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.5270095607963 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Banc Funds Co. LLC Has $7.10 Million Stake in Financial Institutions, Inc. (FISI) (americanbankingnews.com)
- Systematic Financial Management LP Sells 4,755 Shares of Financial Institutions, Inc. (FISI) (americanbankingnews.com)
- Financial Institutions, Inc. (FISI) Given $35.00 Average Price Target by Brokerages (americanbankingnews.com)
- Financial Institutions, Inc. (FISI) Plans Quarterly Dividend of $0.24 (americanbankingnews.com)
- Financial Institutions, Inc. (FISI) Expected to Post Earnings of $0.55 Per Share (americanbankingnews.com)
Shares of Financial Institutions (NASDAQ:FISI) traded up $0.50 during trading on Friday, hitting $31.45. The stock had a trading volume of 46,766 shares, compared to its average volume of 52,665. The stock has a market cap of $483.63, a PE ratio of 14.83 and a beta of 1.13. 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 $35.35.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.24 per share. This is a positive change from Financial Institutions’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Wednesday, March 14th. Financial Institutions’s dividend payout ratio (DPR) is currently 41.51%.
A number of equities analysts have recently commented on FISI shares. Hovde Group reiterated a “buy” rating and issued a $36.00 target price on shares of Financial Institutions in a report on Friday, February 2nd. ValuEngine cut Financial Institutions from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub cut Financial Institutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.50.
In other Financial Institutions news, Director Andrew W. Dorn, Jr. purchased 1,557 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $30.95 per share, with a total value of $48,189.15. Following the purchase, the director now owns 16,999 shares of the company’s stock, valued at $526,119.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Glaser purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $32.34 per share, with a total value of $32,340.00. Following the completion of the purchase, the director now directly owns 13,451 shares in the company, valued at approximately $435,005.34. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,147 shares of company stock valued at $99,928 over the last three months. 5.49% of the stock is 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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