Equities research analysts forecast that First Interstate Bancsystem Inc (NASDAQ:FIBK) will report $0.69 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Interstate Bancsystem’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.72. First Interstate Bancsystem reported earnings per share of $0.52 in the same quarter last year, which suggests a positive year over year growth rate of 32.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that First Interstate Bancsystem will report full year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.80 to $3.05. For the next year, analysts anticipate that the business will post earnings of $3.14 per share, with EPS estimates ranging from $2.90 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for First Interstate Bancsystem.
First Interstate Bancsystem (NASDAQ:FIBK) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.08). First Interstate Bancsystem had a net margin of 19.90% and a return on equity of 9.37%. The business had revenue of $138.03 million for the quarter, compared to the consensus estimate of $138.00 million.
First Interstate Bancsystem (NASDAQ:FIBK) opened at $39.50 on Thursday. First Interstate Bancsystem has a 1-year low of $33.33 and a 1-year high of $45.35. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2,252.55, a PE ratio of 19.27, a PEG ratio of 1.50 and a beta of 1.11.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 12th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, February 9th. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.24. First Interstate Bancsystem’s dividend payout ratio (DPR) is currently 54.63%.
In related news, insider Philip G. Gaglia sold 972 shares of First Interstate Bancsystem stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $41.03, for a total value of $39,881.16. Following the sale, the insider now owns 7,544 shares of the company’s stock, valued at approximately $309,530.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Homer A. Scott, Jr. sold 9,400 shares of First Interstate Bancsystem stock in a transaction that occurred on Saturday, December 2nd. The shares were sold at an average price of $38.38, for a total value of $360,772.00. The disclosure for this sale can be found here. In the last three months, insiders sold 269,600 shares of company stock worth $10,645,948. 38.22% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in First Interstate Bancsystem by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 5,977 shares of the financial services provider’s stock valued at $229,000 after buying an additional 1,446 shares during the last quarter. Rhumbline Advisers increased its position in shares of First Interstate Bancsystem by 3.4% during the 3rd quarter. Rhumbline Advisers now owns 44,834 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 1,490 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of First Interstate Bancsystem by 29.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,035 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 1,815 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of First Interstate Bancsystem during the 3rd quarter worth approximately $105,000. Finally, California Public Employees Retirement System increased its position in shares of First Interstate Bancsystem by 9.0% during the 4th quarter. California Public Employees Retirement System now owns 35,379 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 2,917 shares during the last quarter. 45.90% of the stock is currently owned by institutional investors and hedge funds.
About First Interstate Bancsystem
First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.
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