Financial Institutions (NASDAQ:FISI)’s Board of Directors approves a quarterly cash dividend of $0.26

Financial Institutions (NASDAQ:FISI) stock observed trading -35.76% off 52-week high price. On the other end, the stock has been noted 67.29% away from low price over the last 52-weeks. The stock disclosed a move of 23.47% away from 50 day moving average and 17.81% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.68% off 20-day moving average. It has market cap of $337.38M and dividend yield of 4.86%.

On Nov. 25, 2020, Financial Institutions (NASDAQ:FISI) parent company of Five Star Bank, SDN Insurance Agency, LLC (SDN), Courier Capital, LLC (Courier Capital) and HNP Capital, LLC (HNP Capital), declared that its Board of Directors has approved a quarterly cash dividend of $0.26 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable January 4, 2021, to shareholders of record on December 21, 2020.

About Financial Institutions

Financial Institutions provides diversified financial services through its subsidiaries Five Star Bank, SDN, Courier Capital and HNP Capital. Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities and businesses through a network of more than 45 offices throughout Western and Central New York State. SDN provides a broad range of insurance services to personal and business clients. Courier Capital and HNP Capital provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions and its subsidiaries employ approximately 630 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI.

The USA based company Financial Institutions moved with change of -2.91% to $21.38 with the total traded volume of 42854 shares in recent session versus to an average volume of 58.52K shares. The stock was observed in the 5 days activity at 7.28%. The one month performance of stock was 33.62%. FISI’s shares are at 26.66% for the quarter and driving a -34.92% return over the course of the past year and is now at -33.40% since this point in 2018.  Right now the stock beta is 1.14. The average volatility for the week and month was at 3.54% and 5.59% respectively. There are 16.03M shares outstanding and 15.68M shares are floated in market.

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