First Interstate BancSystem Inc. (NASDAQ:FIBK) – Research analysts at FIG Partners decreased their Q1 2017 earnings per share (EPS) estimates for shares of First Interstate BancSystem in a report issued on Tuesday. FIG Partners analyst T. Coffey now expects that the brokerage will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.56. FIG Partners currently has a “Market Perform” rating on the stock. FIG Partners also issued estimates for First Interstate BancSystem’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.66 EPS and Q3 2018 earnings at $0.68 EPS.

Several other equities analysts have also recently issued reports on the company. Barclays PLC upped their price objective on First Interstate BancSystem from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, October 11th. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Sandler O’Neill upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. First Interstate BancSystem presently has a consensus rating of “Hold” and an average price target of $33.33.

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

First Interstate BancSystem (NASDAQ:FIBK) traded up 1.77% during midday trading on Wednesday, reaching $37.35. The company had a trading volume of 149,591 shares. The firm has a 50-day moving average price of $33.27 and a 200-day moving average price of $30.22. First Interstate BancSystem has a 52 week low of $24.92 and a 52 week high of $38.75. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 17.87 and a beta of 0.97.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Monday, October 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. First Interstate BancSystem had a return on equity of 9.66% and a net margin of 22.52%.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in First Interstate BancSystem by 68.5% in the second quarter. GSA Capital Partners LLP now owns 30,244 shares of the financial services provider’s stock valued at $850,000 after buying an additional 12,291 shares during the period. Calvert Investment Management Inc. raised its stake in First Interstate BancSystem by 86.2% in the second quarter. Calvert Investment Management Inc. now owns 130,687 shares of the financial services provider’s stock valued at $3,672,000 after buying an additional 60,482 shares during the period. Emerald Acquisition Ltd. bought a new stake in First Interstate BancSystem during the second quarter valued at approximately $4,937,000. Mutual of America Capital Management LLC raised its stake in First Interstate BancSystem by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 140,774 shares of the financial services provider’s stock valued at $3,956,000 after buying an additional 3,939 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in First Interstate BancSystem by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,174,028 shares of the financial services provider’s stock valued at $32,989,000 after buying an additional 61,576 shares during the period. Hedge funds and other institutional investors own 33.12% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. This is a positive change from First Interstate BancSystem’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, October 27th. First Interstate BancSystem’s dividend payout ratio is 42.11%.

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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 operates through community banking segment.

5 Day Chart for NASDAQ:FIBK

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