Analysts Expect First Interstate Bancsystem Inc (FIBK) to Announce $0.76 EPS

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Equities analysts predict that First Interstate Bancsystem Inc (NASDAQ:FIBK) will announce $0.76 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for First Interstate Bancsystem’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.74. First Interstate Bancsystem reported earnings of $0.57 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is expected to report its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that First Interstate Bancsystem will report full-year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.82 to $2.97. For the next year, analysts anticipate that the business will report earnings of $3.23 per share, with EPS estimates ranging from $3.16 to $3.30. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for First Interstate Bancsystem.

First Interstate Bancsystem (NASDAQ:FIBK) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.04). First Interstate Bancsystem had a return on equity of 10.88% and a net margin of 23.86%. The business had revenue of $146.20 million for the quarter, compared to analyst estimates of $144.93 million.

Several research analysts have commented on the company. Barclays reaffirmed a “buy” rating and set a $48.00 price target on shares of First Interstate Bancsystem in a research report on Sunday, July 29th. Zacks Investment Research raised First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, July 30th. BidaskClub raised First Interstate Bancsystem from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 17th. DA Davidson boosted their target price on First Interstate Bancsystem from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 12th. Finally, Robert W. Baird assumed coverage on First Interstate Bancsystem in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. First Interstate Bancsystem presently has a consensus rating of “Hold” and a consensus target price of $48.33.

Shares of NASDAQ FIBK opened at $42.76 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. First Interstate Bancsystem has a fifty-two week low of $36.00 and a fifty-two week high of $47.05. The stock has a market cap of $2.39 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Friday, November 9th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.12 annualized dividend and a yield of 2.62%. First Interstate Bancsystem’s payout ratio is currently 55.72%.

In related news, Director John M. Heyneman, Jr. sold 2,000 shares of the company’s stock in a transaction on Sunday, November 25th. The stock was sold at an average price of $37.35, for a total value of $74,700.00. Following the completion of the transaction, the director now directly owns 3,621 shares in the company, valued at $135,244.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ross E. Leckie sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $45.91, for a total value of $183,640.00. Following the completion of the transaction, the director now owns 17,599 shares of the company’s stock, valued at $807,970.09. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock valued at $300,210 over the last quarter. Insiders own 40.23% of the company’s stock.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of First Interstate Bancsystem by 64.8% in the third quarter. SG Americas Securities LLC now owns 4,152 shares of the financial services provider’s stock worth $186,000 after buying an additional 1,633 shares during the period. Stone Ridge Asset Management LLC boosted its position in shares of First Interstate Bancsystem by 23.0% in the third quarter. Stone Ridge Asset Management LLC now owns 16,604 shares of the financial services provider’s stock worth $744,000 after buying an additional 3,105 shares during the period. Merriman Wealth Management LLC purchased a new stake in shares of First Interstate Bancsystem in the third quarter worth about $896,000. WINTON GROUP Ltd purchased a new stake in shares of First Interstate Bancsystem in the third quarter worth about $299,000. Finally, Wells Fargo & Company MN boosted its position in shares of First Interstate Bancsystem by 2.5% in the third quarter. Wells Fargo & Company MN now owns 249,834 shares of the financial services provider’s stock worth $11,192,000 after buying an additional 6,020 shares during the period. Institutional investors own 50.17% of the company’s stock.

About First Interstate Bancsystem

First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

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Earnings History and Estimates for First Interstate Bancsystem (NASDAQ:FIBK)

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