First Interstate BancSystem, Inc. (FIBK) To Go Ex-Dividend on November 10th

First Interstate BancSystem, Inc. (NASDAQ:FIBK) declared a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, November 10th will be paid a dividend of 0.47 per share by the financial services provider on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, November 10th.

First Interstate BancSystem has raised its dividend payment by an average of 0.1%annually over the last three years. First Interstate BancSystem has a dividend payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Interstate BancSystem to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 69.1%.

First Interstate BancSystem Trading Up 2.2%

Shares of NASDAQ:FIBK opened at $32.49 on Friday. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $36.77. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.41 billion, a PE ratio of 13.71 and a beta of 0.83. The company’s 50 day moving average is $32.02 and its two-hundred day moving average is $29.87.

First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. The business had revenue of $204.70 million during the quarter, compared to analysts’ expectations of $254.71 million. First Interstate BancSystem had a return on equity of 7.30% and a net margin of 16.04%.During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts predict that First Interstate BancSystem will post 2.53 earnings per share for the current fiscal year.

About First Interstate BancSystem

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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.