<div id="readability-page-1"><p><strong>Financial Institutions, Inc.</strong> (NASDAQ:FISI - Get Free Report) declared a quarterly dividend on Wednesday, May 28th, RTT News reports. Investors of record on Friday, June 13th will be given a dividend of 0.31 per share by the bank on Wednesday, July 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 4.86%.</p><div><p><span></span><span>Get <strong>Financial Institutions</strong> alerts:</span></p></div><p>Financial Institutions has increased its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Financial Institutions has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Financial Institutions to earn $3.76 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 33.0%. </p><h2>Financial Institutions Stock Performance</h2><p>NASDAQ FISI traded down $0.16 on Thursday, reaching $25.54. 9,795 shares of the company's stock traded hands, compared to its average volume of 104,410. The firm has a market cap of $513.53 million, a price-to-earnings ratio of -17.63 and a beta of 0.70. The stock has a 50 day moving average price of $24.65 and a 200-day moving average price of $26.33. Financial Institutions has a fifty-two week low of $16.81 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. </p><p>Financial Institutions (NASDAQ:FISI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. Financial Institutions had a negative net margin of 6.69% and a positive return on equity of 11.12%. The business had revenue of $57.24 million during the quarter, compared to the consensus estimate of $57.14 million.  Equities research analysts predict that  Financial Institutions will post 3.3 EPS for the current fiscal year. </p><h2>Institutional Trading of Financial Institutions</h2><p>A number of hedge funds and other institutional investors have recently made changes to their positions in FISI. AQR Capital Management LLC increased its holdings in shares of  Financial Institutions by 12.2% during the 1st quarter. AQR Capital Management LLC now owns 97,206 shares of the bank's stock worth $2,426,000 after buying an additional 10,590 shares during the last quarter.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of  Financial Institutions by 30.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,333 shares of the bank's stock worth $283,000 after purchasing an additional 2,617 shares during the period.  Empowered Funds LLC boosted its position in shares of  Financial Institutions by 7.1% during the 1st quarter. Empowered Funds LLC now owns 74,841 shares of the bank's stock worth $1,868,000 after purchasing an additional 4,979 shares during the period.  Finally, Jane Street Group LLC purchased a new position in shares of  Financial Institutions during the 1st quarter worth approximately $375,000. Institutional investors and hedge funds own  60.45% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>FISI has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Financial Institutions from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, May 24th. Keefe, Bruyette &amp; Woods upgraded shares of Financial Institutions from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and increased their price objective for the company from $29.00 to $34.00 in a report on Monday, February 3rd. Finally, Stephens  reiterated an &#34;equal weight&#34; rating and issued a $32.00 price objective on shares of Financial Institutions in a report on Tuesday, March 11th.</p><p><b>Read Our Latest Research Report on FISI</b></p><h2>Financial Institutions Company Profile</h2> (Get Free Report)<p>Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.</p><h2>See Also</h2><ul><li>Five stocks we like better than Financial Institutions</li><li>Find and Profitably Trade Stocks at 52-Week Lows</li><li>Salesforce’s Stock Price Presents an Opportunity to Buy</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>Dividend Investors Looking for an Edge? 3 Stocks Insiders Bought</li><li>Conference Calls and Individual Investors</li><li>Target's Big Bet: Is It a Cheap Stock or a Value Trap? </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RklTSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RklTSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Financial Institutions Right Now?</h2><p>Before you consider Financial Institutions, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Financial Institutions wasn't on the list.</p><p>While Financial Institutions currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FISI

<p>Financial Institutions, Inc. (NASDAQ:FISI) has declared a quarterly dividend of $0.31 per share, payable on July 2nd to shareholders of record as of June 13th. This annualizes to $1.24, yielding 4.86%. The company has increased its dividend by an average of 3.6% annually over the past three years, with a payout ratio of 32.6%. Analysts expect earnings of $3.76 per share next year, indicating continued dividend coverage. FISI's stock recently traded at $25.54, with a market cap of $513.53 million and a P/E ratio of -17.63.</p>

Financial Institutions, Inc. (NASDAQ:FISI) to Issue Quarterly Dividend of $0.31