News stories about First Interstate Bancsystem (NASDAQ:FIBK) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Interstate Bancsystem earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 44.5117221153455 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- First Interstate Bancsystem Inc (FIBK) Director Sells $244,427.00 in Stock (americanbankingnews.com)
- First Interstate Bancsystem Inc (FIBK) Director Sells $247,294.00 in Stock (americanbankingnews.com)
- First Interstate Bancsystem Inc (FIBK) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Allianz Asset Management GmbH Buys 236,924 Shares of First Interstate Bancsystem Inc (FIBK) (americanbankingnews.com)
- Martingale Asset Management L P Cuts Stake in First Interstate Bancsystem Inc (FIBK) (americanbankingnews.com)
Several analysts have recently issued reports on FIBK shares. Barclays increased their price objective on First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “buy” rating on shares of First Interstate Bancsystem in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price target on shares of First Interstate Bancsystem in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. First Interstate Bancsystem has a consensus rating of “Hold” and a consensus price target of $44.75.
First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.08). First Interstate Bancsystem had a net margin of 20.50% and a return on equity of 9.10%. The business had revenue of $138.03 million during the quarter, compared to analyst estimates of $138.00 million. equities research analysts predict that First Interstate Bancsystem will post 2.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 9th. This is a boost from First Interstate Bancsystem’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a yield of 2.70%. First Interstate Bancsystem’s dividend payout ratio (DPR) is currently 56.00%.
In other First Interstate Bancsystem news, SVP Kevin Guenthner sold 5,878 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $40.37, for a total value of $237,294.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Thomas W. Scott sold 250,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $39.50, for a total value of $9,875,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 271,050 shares of company stock worth $10,723,117. 38.22% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: “First Interstate Bancsystem (FIBK) Earning Somewhat Positive Media Coverage, Report Shows” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3252411/first-interstate-bancsystem-fibk-earning-somewhat-positive-media-coverage-report-shows.html.
First Interstate Bancsystem Company Profile
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.
Receive News & Ratings for First Interstate Bancsystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate Bancsystem and related companies with MarketBeat.com's FREE daily email newsletter.