Financial Institutions, Inc. (NASDAQ:FISI) Declares Quarterly Dividend of $0.25

Financial Institutions, Inc. (NASDAQ:FISI) announced a quarterly dividend on Tuesday, November 26th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.25 per share by the bank on Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, December 12th.

Shares of NASDAQ:FISI traded up $0.51 during trading on Tuesday, reaching $32.80. 7,969 shares of the company’s stock traded hands, compared to its average volume of 26,616. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. Financial Institutions has a 12 month low of $24.49 and a 12 month high of $33.13. The company has a 50 day moving average of $31.88 and a 200-day moving average of $29.65. The stock has a market capitalization of $515.95 million, a P/E ratio of 11.52 and a beta of 0.86.

Financial Institutions (NASDAQ:FISI) last posted its earnings results on Tuesday, October 29th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The firm had revenue of $44.84 million during the quarter. Financial Institutions had a net margin of 20.81% and a return on equity of 11.60%.

FISI has been the subject of a number of analyst reports. ValuEngine lowered shares of Financial Institutions from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Financial Institutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Zacks Investment Research raised shares of Financial Institutions from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday, August 12th.

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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Dividend History for Financial Institutions (NASDAQ:FISI)

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