First Interstate BancSystem (FIBK) to Release Earnings on Thursday

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm had revenue of $244.30 million for the quarter, compared to analyst estimates of $246.07 million. First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. During the same quarter in the previous year, the company earned $0.66 EPS. On average, analysts expect First Interstate BancSystem to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Interstate BancSystem Trading Up 1.0 %

Shares of FIBK stock traded up $0.34 during trading on Thursday, hitting $32.84. 459,570 shares of the stock traded hands, compared to its average volume of 680,718. The firm has a market capitalization of $3.43 billion, a P/E ratio of 12.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.79 and a quick ratio of 0.79. The firm's fifty day moving average price is $29.99 and its 200-day moving average price is $28.34. First Interstate BancSystem has a 52-week low of $20.81 and a 52-week high of $33.00.

First Interstate BancSystem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Monday, August 5th. First Interstate BancSystem's payout ratio is presently 74.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FIBK shares. Piper Sandler reissued an "overweight" rating and issued a $38.00 target price on shares of First Interstate BancSystem in a research report on Monday, August 26th. Wells Fargo & Company lowered First Interstate BancSystem from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $30.00 to $28.00 in a research report on Tuesday, October 1st. Barclays boosted their target price on First Interstate BancSystem from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, September 27th. Stephens reissued an "overweight" rating and issued a $36.00 target price on shares of First Interstate BancSystem in a research report on Thursday, October 10th. Finally, StockNews.com lowered First Interstate BancSystem from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.17.

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.