News headlines about Financial Institutions (NASDAQ:FISI) have trended very positive on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Financial Institutions earned a media sentiment score of 3.67 on their scale. InfoTrie also assigned headlines about the bank an news buzz score of 1 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
FISI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Financial Institutions from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, November 27th. ValuEngine raised Financial Institutions from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Finally, BidaskClub raised Financial Institutions from a “strong sell” rating to a “sell” rating in a report on Saturday, October 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Financial Institutions presently has an average rating of “Hold” and a consensus price target of $34.67.
Shares of NASDAQ:FISI traded down $0.25 during trading on Thursday, reaching $27.33. 1,425 shares of the company traded hands, compared to its average volume of 38,008. The firm has a market capitalization of $429.18 million, a P/E ratio of 14.09 and a beta of 1.02. Financial Institutions has a 1-year low of $24.49 and a 1-year high of $34.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Wednesday, December 12th. Financial Institutions’s dividend payout ratio (DPR) is currently 49.48%.
In related news, CEO Martin Kearney Birmingham bought 2,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was bought at an average price of $28.44 per share, with a total value of $56,880.00. Following the purchase, the chief executive officer now directly owns 74,596 shares of the company’s stock, valued at approximately $2,121,510.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.34% of the company’s stock.
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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.
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