Research Analysts Offer Predictions for First Interstate BancSystem, Inc.’s Q1 2018 Earnings (FIBK)

First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Equities research analysts at DA Davidson issued their Q1 2018 EPS estimates for First Interstate BancSystem in a research note issued on Tuesday. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $0.66 for the quarter. DA Davidson also issued estimates for First Interstate BancSystem’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.61 EPS.

COPYRIGHT VIOLATION NOTICE: “Research Analysts Offer Predictions for First Interstate BancSystem, Inc.’s Q1 2018 Earnings (FIBK)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/11/03/research-analysts-offer-predictions-for-first-interstate-bancsystem-inc-s-q1-2018-earnings-fibk.html.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday. Barclays PLC set a $43.00 price target on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, BidaskClub cut shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.25.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC lifted its position in First Interstate BancSystem by 1.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 180,609 shares of the financial services provider’s stock valued at $6,908,000 after acquiring an additional 3,196 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in First Interstate BancSystem in the 2nd quarter valued at $2,020,000. CS Mckee LP bought a new stake in First Interstate BancSystem in the 2nd quarter valued at $958,000. LSV Asset Management lifted its position in First Interstate BancSystem by 13.2% in the 2nd quarter. LSV Asset Management now owns 618,585 shares of the financial services provider’s stock valued at $23,011,000 after acquiring an additional 71,900 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in First Interstate BancSystem by 196.5% in the 2nd quarter. First Trust Advisors LP now owns 117,541 shares of the financial services provider’s stock valued at $4,373,000 after acquiring an additional 77,901 shares in the last quarter. 44.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Ross E. Leckie sold 1,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $38.85, for a total value of $58,275.00. Following the sale, the director now directly owns 23,028 shares of the company’s stock, valued at approximately $894,637.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 2,822 shares of company stock worth $104,709 over the last ninety days. 38.22% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a $0.24 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 2.46%. First Interstate BancSystem’s dividend payout ratio is currently 48.24%.

About First Interstate BancSystem

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

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

What are top analysts saying about First Interstate BancSystem Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Interstate BancSystem Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit