Financial Institutions (NASDAQ:FISI) had declared a cash dividend of $0.2000 on Aug 29, 2016. The shares will quote ex-dividend on Sep 8, 2016 and the record date has been fixed for Sep 12, 2016. On Aug 29, 2016 share price, the yield comes out to be 3.0257%. The dividend payable date has been fixed on Oct 3, 2016.
In a different note, On Jul 28, 2016, Keefe Bruyette & Woods said it Maintains its rating on Financial Institutions. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Market Perform’ by the firm.
Financial Institutions (FISI) made into the market gainers list on Thursdays trading session with the shares advancing 0.37% or 0.1 points. Due to strong positive momentum, the stock ended at $26.98, which is also near the day’s high of $27. The stock began the session at $26.68 and the volume stood at 12,175 shares. The 52-week high of the shares is $29.53 and the 52 week low is $23.98. The company has a current market capitalization of $392 M and it has 1,45,28,319 shares in outstanding.
Financial Institutions(FISI) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $25.20M. Analysts had an estimated revenue of $27.53M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.44.
Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, Kevin B Klotzbach (CFO) purchased 900 shares at $27.04 per share price.Also, On Aug 19, 2016, William L Kreienberg (EVP, CAO, Gen’l Counsel & CRO) purchased 3,000 shares at $26.43 per share price.On Aug 19, 2016, Martin Kearney Birmingham (CEO) purchased 5,000 shares at $26.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Financial Institutions Inc. (FII) is a financial holding company. The Company provides an array of deposit lending and other financial services to individuals municipalities and businesses in Western and Central New York through its wholly owned New York chartered banking subsidiary Five Star Bank (the Bank). The Company operates through two segments: banking which includes all of the Company’s retail and commercial banking operations; and insurance which includes the activities of Scott Danahy Naylon LLC a full service insurance agency that provides a range of insurance services to both personal and business clients. The Company offers a range of loans including commercial business and revolving lines of credit commercial mortgages equipment loans residential mortgage loans and home equity loans and lines of credit home improvement loans automobile loans and personal loans.