Financial Institutions (NASDAQ:FISI) Earning Somewhat Positive News Coverage, Study Finds

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Media stories about Financial Institutions (NASDAQ:FISI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Financial Institutions earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.2753987278976 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

FISI opened at $31.55 on Thursday. Financial Institutions has a twelve month low of $25.65 and a twelve month high of $34.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $497.84 million, a P/E ratio of 16.24 and a beta of 1.06.

Financial Institutions (NASDAQ:FISI) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. Financial Institutions had a return on equity of 10.57% and a net margin of 23.24%. The company had revenue of $38.63 million during the quarter, compared to analyst estimates of $38.30 million. equities analysts expect that Financial Institutions will post 2.52 earnings per share for the current year.

Several equities analysts have weighed in on FISI shares. BidaskClub cut Financial Institutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. ValuEngine raised Financial Institutions from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Finally, Zacks Investment Research cut Financial Institutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Financial Institutions has a consensus rating of “Hold” and an average target price of $34.38.

In other news, Director Andrew W. Dorn, Jr. bought 900 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was acquired at an average cost of $32.45 per share, for a total transaction of $29,205.00. Following the completion of the purchase, the director now owns 19,446 shares of the company’s stock, valued at approximately $631,022.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David G. Case sold 800 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $33.10, for a total value of $26,480.00. Following the completion of the sale, the insider now owns 4,242 shares in the company, valued at $140,410.20. The disclosure for this sale can be found here. 4.34% of the stock is owned by insiders.

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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Insider Buying and Selling by Quarter for Financial Institutions (NASDAQ:FISI)

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