For its second fiscal quarter (ending June 30), Financial Institutions Inc (NASDAQ: FISI) has reported a 80% increase in E.P.S. from $0.91 a year ago to $1.64 in the current quarter. This performance was $1.01 better than the consensus estimate of $0.63. E.P.S. were $3.25 for the latest four quarters through June 30 versus $3.32 for the same period a year ago — a decline of -2%.
Recent Price Action
On 7/25/24, Financial Institutions Inc (NASDAQ: FISI) stock enjoyed a large increase of 3.7%, closing at $24.63. Moreover, above average trading volume at 130% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FISI is expected to continue to be a modest Value Builder.
Financial Institutions has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Financial Institutions has a very high Appreciation Score of 86 but a slightly negative Power Rating of 34, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment