What is DA Davidson's Estimate for FIBK Q4 Earnings?

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for First Interstate BancSystem in a note issued to investors on Monday, October 28th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings per share of $0.61 for the quarter. DA Davidson currently has a "Neutral" rating and a $34.00 price target on the stock. The consensus estimate for First Interstate BancSystem's current full-year earnings is $2.34 per share.

Other analysts have also recently issued reports about the stock. Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of First Interstate BancSystem in a research note on Thursday, October 10th. Barclays lifted their target price on shares of First Interstate BancSystem from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, September 27th. Keefe, Bruyette & Woods lifted their target price on shares of First Interstate BancSystem from $29.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. StockNews.com lowered shares of First Interstate BancSystem from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Finally, Piper Sandler reduced their price objective on shares of First Interstate BancSystem from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $32.83.

First Interstate BancSystem Stock Down 1.0 %

NASDAQ FIBK traded down $0.33 during trading on Tuesday, reaching $31.42. The company's stock had a trading volume of 561,420 shares, compared to its average volume of 678,914. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.29 billion, a PE ratio of 12.65 and a beta of 0.81. The business has a 50-day moving average price of $30.50 and a 200-day moving average price of $28.69. First Interstate BancSystem has a 1-year low of $22.74 and a 1-year high of $33.00.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. During the same quarter last year, the firm earned $0.70 earnings per share.

Hedge Funds Weigh In On First Interstate BancSystem

Several large investors have recently bought and sold shares of FIBK. CWM LLC raised its stake in First Interstate BancSystem by 16.0% during the 2nd quarter. CWM LLC now owns 3,123 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 430 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in First Interstate BancSystem by 28.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,378 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 744 shares during the last quarter. Innealta Capital LLC acquired a new position in First Interstate BancSystem during the 2nd quarter valued at $106,000. nVerses Capital LLC raised its stake in First Interstate BancSystem by 412.5% during the 2nd quarter. nVerses Capital LLC now owns 4,100 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Telos Capital Management Inc. acquired a new position in First Interstate BancSystem during the 3rd quarter valued at $201,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

First Interstate BancSystem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Monday, November 4th. First Interstate BancSystem's payout ratio is 74.90%.

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.