StockNews.com initiated coverage on shares of Financial Institutions (NASDAQ:FISI – Get Rating) in a research note published on Thursday morning. The brokerage issued a hold rating on the bank’s stock.
Financial Institutions Stock Performance
Shares of FISI stock traded down $1.67 during trading on Thursday, reaching $19.73. The company had a trading volume of 170,947 shares, compared to its average volume of 46,930. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $24.20 and its two-hundred day simple moving average is $24.54. The company has a market capitalization of $303.45 million, a PE ratio of 5.54 and a beta of 0.90. Financial Institutions has a one year low of $19.41 and a one year high of $32.74.
Financial Institutions Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Thursday, March 16th will be given a $0.30 dividend. This is a boost from Financial Institutions’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, March 15th. Financial Institutions’s dividend payout ratio (DPR) is 33.71%.
Institutional Inflows and Outflows
Financial Institutions Company Profile
Financial Institutions, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Banking, Non-Banking, and Holding Company and Other. The Banking segment includes retail and commercial banking operations. The Non-Banking segment consists of the activities of SDN, a full-service insurance agency that offers insurance services to both personal and business clients, and Courier Capital, an investment advisor and wealth management firm that delivers customized investment management, investment consulting, and retirement plan services to individuals, businesses, institutions, foundations, and retirement plans.
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