Financial Institutions, Inc. (FISI) Expected to Announce Earnings of $0.50 Per Share

Wall Street analysts forecast that Financial Institutions, Inc. (NASDAQ:FISI) will post $0.50 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Financial Institutions’ earnings. Financial Institutions reported earnings of $0.57 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, January 23rd.

On average, analysts expect that Financial Institutions will report full-year earnings of $1.94 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.12 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Financial Institutions.

Financial Institutions (NASDAQ:FISI) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Financial Institutions had a net margin of 22.37% and a return on equity of 9.35%. The firm had revenue of $37.01 million during the quarter.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Financial Institutions from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Piper Jaffray Companies restated a “hold” rating and set a $31.50 price objective on shares of Financial Institutions in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $33.00 price objective on shares of Financial Institutions in a research report on Friday, September 22nd.

Financial Institutions (NASDAQ FISI) traded up $0.30 during trading on Friday, reaching $31.40. 41,764 shares of the company traded hands, compared to its average volume of 72,982. Financial Institutions has a 52-week low of $25.65 and a 52-week high of $35.40. The firm has a market capitalization of $475.03, a PE ratio of 15.20 and a beta of 1.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

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Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Financial Institutions during the third quarter valued at about $139,000. Brandywine Global Investment Management LLC increased its position in shares of Financial Institutions by 17.4% during the second quarter. Brandywine Global Investment Management LLC now owns 4,732 shares of the bank’s stock valued at $142,000 after acquiring an additional 702 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Financial Institutions during the second quarter valued at about $216,000. Virtu KCG Holdings LLC acquired a new stake in shares of Financial Institutions during the second quarter valued at about $219,000. Finally, Smith Asset Management Group LP increased its position in shares of Financial Institutions by 820.2% during the second quarter. Smith Asset Management Group LP now owns 7,638 shares of the bank’s stock valued at $228,000 after acquiring an additional 6,808 shares during the last quarter. Institutional investors and hedge funds own 65.81% of the company’s stock.

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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