Zacks: Analysts Expect First Interstate Bancsystem Inc (NASDAQ:FIBK) to Post $0.79 EPS
Equities analysts expect First Interstate Bancsystem Inc (NASDAQ:FIBK) to announce earnings of $0.79 per share for the current quarter, Zacks reports. Two analysts have provided estimates for First Interstate Bancsystem’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.76. First Interstate Bancsystem posted earnings per share of $0.76 during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The company is expected to issue its next quarterly earnings report on Wednesday, January 29th.
On average, analysts expect that First Interstate Bancsystem will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.84. For the next year, analysts forecast that the business will report earnings of $3.06 per share, with EPS estimates ranging from $3.02 to $3.10. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for First Interstate Bancsystem.
First Interstate Bancsystem (NASDAQ:FIBK) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.03). First Interstate Bancsystem had a net margin of 24.33% and a return on equity of 10.21%. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $167.38 million.
Shares of NASDAQ:FIBK traded down $0.47 during trading on Thursday, reaching $41.21. The company had a trading volume of 502 shares, compared to its average volume of 131,414. The firm’s fifty day moving average is $42.35 and its 200 day moving average is $39.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2.72 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. First Interstate Bancsystem has a twelve month low of $34.61 and a twelve month high of $43.97.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Saturday, November 9th were issued a dividend of $0.31 per share. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.20. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Thursday, November 7th. First Interstate Bancsystem’s payout ratio is presently 42.47%.
In related news, Director Ross E. Leckie sold 1,219 shares of First Interstate Bancsystem stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.27, for a total value of $47,870.13. Following the transaction, the director now directly owns 17,027 shares in the company, valued at approximately $668,650.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Homer A. Scott, Jr. sold 628 shares of First Interstate Bancsystem stock in a transaction on Friday, November 15th. The stock was sold at an average price of $42.40, for a total value of $26,627.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,015 shares of company stock worth $420,932. 24.93% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stephens Inc. AR increased its stake in shares of First Interstate Bancsystem by 6.3% in the second quarter. Stephens Inc. AR now owns 5,471 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 322 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of First Interstate Bancsystem by 2.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,704 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 360 shares during the period. Stone Ridge Asset Management LLC lifted its holdings in shares of First Interstate Bancsystem by 4.9% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 8,529 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 400 shares during the period. Wrapmanager Inc. boosted its position in shares of First Interstate Bancsystem by 6.0% during the 2nd quarter. Wrapmanager Inc. now owns 8,817 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 501 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Interstate Bancsystem by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 27,326 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 835 shares in the last quarter. 49.68% of the stock is owned by institutional investors and hedge funds.
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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