Equities analysts forecast that First Interstate Bancsystem Inc (NASDAQ:FIBK) will announce earnings per share (EPS) of $0.76 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for First Interstate Bancsystem’s earnings, with estimates ranging from $0.74 to $0.81. First Interstate Bancsystem reported earnings of $0.57 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, January 30th.

According to Zacks, analysts expect that First Interstate Bancsystem will report full year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.82 to $2.90. For the next year, analysts forecast that the firm will report earnings of $3.23 per share, with EPS estimates ranging from $3.16 to $3.30. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover First Interstate Bancsystem.

First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.04). The company had revenue of $146.20 million for the quarter, compared to analyst estimates of $144.93 million. First Interstate Bancsystem had a return on equity of 10.49% and a net margin of 25.82%.

A number of equities analysts have weighed in on the stock. Robert W. Baird assumed coverage on shares of First Interstate Bancsystem in a research report on Tuesday, October 16th. They set an “outperform” rating and a $52.00 price objective for the company. Zacks Investment Research cut shares of First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. DA Davidson upped their price objective on shares of First Interstate Bancsystem from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 12th. BidaskClub upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, Stephens assumed coverage on shares of First Interstate Bancsystem in a research report on Monday, January 14th. They set an “overweight” rating and a $37.90 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. First Interstate Bancsystem has an average rating of “Buy” and a consensus price target of $47.15.

NASDAQ:FIBK traded up $0.28 during trading hours on Friday, reaching $39.11. 221,156 shares of the company were exchanged, compared to its average volume of 189,765. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.35 billion, a PE ratio of 19.46, a P/E/G ratio of 1.34 and a beta of 1.19. First Interstate Bancsystem has a twelve month low of $34.61 and a twelve month high of $47.05.

In other news, Director John M. Heyneman, Jr. sold 2,000 shares of the stock in a transaction dated Sunday, November 25th. The shares were sold at an average price of $37.35, for a total value of $74,700.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at $135,244.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan R. Scott sold 3,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $42.70, for a total transaction of $128,100.00. The disclosure for this sale can be found here. Insiders sold 17,700 shares of company stock valued at $745,898 over the last quarter. Company insiders own 40.23% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of First Interstate Bancsystem in the third quarter valued at about $181,000. SG Americas Securities LLC grew its holdings in shares of First Interstate Bancsystem by 64.8% in the third quarter. SG Americas Securities LLC now owns 4,152 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,633 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of First Interstate Bancsystem in the third quarter valued at about $202,000. D.A. Davidson & CO. purchased a new position in First Interstate Bancsystem during the third quarter worth about $202,000. Finally, HRT Financial LLC purchased a new position in First Interstate Bancsystem during the third quarter worth about $203,000. Institutional investors and hedge funds own 48.49% of the company’s stock.

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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

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

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