First Interstate BancSystem (FIBK) to Release Quarterly Earnings on Wednesday

First Interstate BancSystem (NASDAQ:FIBK) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

First Interstate BancSystem (NASDAQ:FIBK) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. First Interstate BancSystem had a return on equity of 8.47% and a net margin of 18.04%. The firm had revenue of $252.30 million for the quarter, compared to analysts’ expectations of $254.50 million. On average, analysts expect First Interstate BancSystem to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Interstate BancSystem Price Performance

Shares of NASDAQ:FIBK opened at $26.11 on Tuesday. First Interstate BancSystem has a 12 month low of $20.81 and a 12 month high of $32.54. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 10.53 and a beta of 0.87. The stock’s 50 day moving average price is $26.02 and its 200 day moving average price is $26.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.76.

First Interstate BancSystem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 19th. Investors of record on Friday, February 9th were issued a dividend of $0.47 per share. This is a boost from First Interstate BancSystem’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 8th. This represents a $1.88 annualized dividend and a yield of 7.20%. First Interstate BancSystem’s payout ratio is presently 75.81%.

Insiders Place Their Bets

In other First Interstate BancSystem news, insider Lorrie F. Asker sold 1,921 shares of First Interstate BancSystem stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $26.05, for a total transaction of $50,042.05. Following the transaction, the insider now directly owns 6,909 shares in the company, valued at approximately $179,979.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other First Interstate BancSystem news, EVP Karlyn M. Knieriem sold 2,900 shares of First Interstate BancSystem stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $26.76, for a total transaction of $77,604.00. Following the transaction, the executive vice president now directly owns 20,599 shares in the company, valued at approximately $551,229.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lorrie F. Asker sold 1,921 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $26.05, for a total transaction of $50,042.05. Following the transaction, the insider now owns 6,909 shares in the company, valued at $179,979.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,531 shares of company stock worth $197,645. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FIBK shares. Barclays started coverage on First Interstate BancSystem in a report on Friday, March 8th. They issued an “equal weight” rating and a $28.00 price target on the stock. Wells Fargo & Company upped their price target on First Interstate BancSystem from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Finally, TheStreet cut First Interstate BancSystem from a “b-” rating to a “c+” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, First Interstate BancSystem presently has an average rating of “Hold” and an average price target of $29.00.

First Interstate BancSystem Company Profile

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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.