Financial Institutions (NASDAQ:FISI – Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.92, Zacks reports. Financial Institutions had a return on equity of 12.29% and a net margin of 13.95%. The company had revenue of $102.80 million for the quarter. During the same quarter in the previous year, the firm posted $0.91 earnings per share.
Financial Institutions Price Performance
Shares of NASDAQ:FISI traded up $1.17 during midday trading on Friday, hitting $25.80. The company had a trading volume of 85,332 shares, compared to its average volume of 63,563. Financial Institutions has a twelve month low of $15.22 and a twelve month high of $25.83. The stock has a market cap of $398.61 million, a price-to-earnings ratio of 10.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day simple moving average is $19.16 and its 200-day simple moving average is $18.99.
Financial Institutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Friday, June 14th. Financial Institutions’s dividend payout ratio is currently 47.81%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Financial Institutions
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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