Analysts predict that First Interstate Bancsystem Inc (NASDAQ:FIBK) will post earnings per share of $0.65 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Interstate Bancsystem’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.63. First Interstate Bancsystem posted earnings per share of $0.57 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The company is scheduled to report its next earnings results after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that First Interstate Bancsystem will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.33 to $2.35. For the next fiscal year, analysts forecast that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.55 to $3.10. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow First Interstate Bancsystem.

First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. First Interstate Bancsystem had a net margin of 19.90% and a return on equity of 9.40%.

FIBK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, November 1st. Barclays upped their price target on shares of First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set 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 issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.75.

First Interstate Bancsystem (FIBK) traded up $0.40 during midday trading on Tuesday, hitting $42.45. 131,838 shares of the company traded hands, compared to its average volume of 175,175. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $2,396.51, a price-to-earnings ratio of 21.33, a PEG ratio of 1.74 and a beta of 1.18. First Interstate Bancsystem has a 1 year low of $33.33 and a 1 year high of $45.35.

In other First Interstate Bancsystem news, Director Ross E. Leckie sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $38.85, for a total transaction of $58,275.00. Following the transaction, the director now owns 23,028 shares in the company, valued at approximately $894,637.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ross E. Leckie sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.61, for a total transaction of $79,220.00. Following the transaction, the director now owns 21,028 shares in the company, valued at approximately $832,919.08. The disclosure for this sale can be found here. Insiders have sold a total of 114,525 shares of company stock worth $4,240,874 in the last 90 days. 38.22% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of First Interstate Bancsystem in the third quarter worth $105,000. BNP Paribas Arbitrage SA increased its stake in shares of First Interstate Bancsystem by 622.6% in the second quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,559 shares during the period. Quantbot Technologies LP increased its stake in shares of First Interstate Bancsystem by 955.6% in the second quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,733 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of First Interstate Bancsystem in the second quarter worth $142,000. Finally, Victory Capital Management Inc. increased its stake in shares of First Interstate Bancsystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 45.22% of the company’s stock.

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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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