Financial Institutions (NASDAQ:FISI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, Stock Ratings News reports. They currently have a $28.20 target price on the stock. Zacks‘ price target indicates a potential upside of 7.63% from the company’s current price.
A number of other firms have also recently commented on FISI. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Financial Institutions from $22.00 to $24.00 in a research note to investors on Friday, October 25th. They now have a “market perform” rating on the stock. Separately, analysts at Sterne Agee downgraded shares of Financial Institutions from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 24th. Finally, analysts at Sterne Agee initiated coverage on shares of Financial Institutions in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $24.00 price target on the stock.
Financial Institutions (NASDAQ:FISI) traded up 2.26% during mid-day trading on Thursday, hitting $26.20. 19,539 shares of the company’s stock traded hands. Financial Institutions has a 52 week low of $17.61 and a 52 week high of $26.37. The stock’s 50-day moving average is $23.28 and its 200-day moving average is $20.86. The company has a market cap of $360.1 million and a price-to-earnings ratio of 14.64.
Financial Institutions (NASDAQ:FISI) last announced its earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.03. Analysts expect that Financial Institutions will post $1.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, December 10th.
Financial Institutions, Inc (NASDAQ:FISI) is a financial holding company.
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