Financial Institutions, Inc. (NASDAQ:FISI) will begin trading ex-dividend on September 10, 2020. The quarterly dividend payment of $ 0.26 per share is scheduled to be paid on October 2, 2020. The dividend yield based on the latest trading day closing price was 6.03 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Financial Institutions, Inc. recently reported second quarter financial results on July 29, 2020, after market close, banking and financial services provider unwinded income for the second quarter of $ 0.67 per share, from the revenue of $ 34.18 million. The quarterly earnings lowered 2.90 percent while revenues expanded 5.27 percent compared with the same quarter last year.
Wall street analysts are predicting, FISI to report 2Q20 income of $ 0.27 per share from revenue of $ 33.73 million. The bottom line results beat street analysts by $ 0.4 or 148.15 percent, at the same time, top line results outshined analysts by $ 0.45 million or 1.33 percent.
Stock Performance
Shares of Financial Institutions, Inc. traded low $ -0.20 or -1.15 percent on Tuesday, reaching $ 17.25 with volume of 77.60 thousand shares. Financial Institutions, Inc. has traded high as $ 17.46 and has cracked $ 17.00 on the downward trend
According to the previous trading day, closing price of $ 17.25, representing a 36.54 % increase from the 52 week low of $ 12.78 and a 47.57 % decrease over the 52 week high of $ 33.28.
The company has a market capital of $ 276.65 million and is part of the Financial Services sector and Banks – Regional – US industry.
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.
