Zacks: Analysts Expect First Interstate BancSystem, Inc. (NASDAQ:FIBK) to Announce $0.73 EPS

Brokerages expect First Interstate BancSystem, Inc. (NASDAQ:FIBK) to report $0.73 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Interstate BancSystem’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.67. First Interstate BancSystem posted earnings of $0.58 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.9%. The firm is scheduled to issue its next earnings report on Monday, July 26th.

On average, analysts expect that First Interstate BancSystem will report full-year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.78 to $3.10. For the next year, analysts expect that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.65 to $2.90. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for First Interstate BancSystem.

First Interstate BancSystem (NASDAQ:FIBK) last issued its earnings results on Monday, April 26th. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. First Interstate BancSystem had a return on equity of 9.32% and a net margin of 27.23%. The business had revenue of $158.80 million during the quarter, compared to analyst estimates of $160.27 million.

A number of analysts have commented on FIBK shares. Janney Montgomery Scott reissued a “neutral” rating and set a $46.00 price objective on shares of First Interstate BancSystem in a report on Monday, March 29th. Stephens reissued an “equal weight” rating on shares of First Interstate BancSystem in a report on Thursday, May 13th. Finally, Zacks Investment Research downgraded First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Wednesday, May 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.00.

A number of institutional investors have recently bought and sold shares of FIBK. Captrust Financial Advisors raised its holdings in First Interstate BancSystem by 1,011.7% during the 1st quarter. Captrust Financial Advisors now owns 667 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 607 shares during the period. Nisa Investment Advisors LLC raised its holdings in First Interstate BancSystem by 32.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 250 shares during the period. CAPROCK Group Inc. bought a new stake in First Interstate BancSystem during the 1st quarter valued at $201,000. Mengis Capital Management Inc. bought a new stake in First Interstate BancSystem during the 4th quarter valued at $211,000. Finally, Teacher Retirement System of Texas bought a new stake in First Interstate BancSystem during the 1st quarter valued at $220,000. Institutional investors and hedge funds own 51.77% of the company’s stock.

Shares of FIBK opened at $45.51 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day moving average is $46.94. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 15.53 and a beta of 1.15. First Interstate BancSystem has a 52 week low of $27.14 and a 52 week high of $51.24.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Investors of record on Tuesday, May 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 10th. This represents a $1.64 annualized dividend and a yield of 3.60%. First Interstate BancSystem’s payout ratio is 64.82%.

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

Read More: What is a short straddle?

Get a free copy of the Zacks research report on First Interstate BancSystem (FIBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for First Interstate BancSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem and related companies with MarketBeat.com's FREE daily email newsletter.