Financial Institutions, Inc. (NASDAQ:FISI) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, FISI is expected to report 3Q20 income of $ 0.48 per share from revenue of $ 33.03 million.
For the full year, analysts anticipate top line of $ 155.97 million, while looking forward to income of $ 1.72 per share bottom line.
Previous Quarter Performance
Financial Institutions, Inc. unfold income for the second quarter of $ 0.67 per share, from the revenue of $ 34.18 million. The quarterly earnings down 2.90 percent while revenues gained 5.27 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.27 per share from $ 33.73 million in revenue. 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 $ -0.21 or -1.31 percent on Wednesday, reaching $ 15.79 with volume of 58.80 thousand shares. Financial Institutions, Inc. has traded high as $ 15.99 and has cracked $ 15.52 on the downward trend
According to the previous trading day, closing price of $ 15.79, representing a 25.20 % increase from the 52 week low of $ 12.78 and a 51.92 % decrease over the 52 week high of $ 33.28.
The company has a market capital of $ 253.24 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 23.00 target price.
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.
