First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Equities researchers at FIG Partners issued their Q1 2019 EPS estimates for shares of First Interstate BancSystem in a research note issued on Tuesday. FIG Partners analyst T. Coffey forecasts that the financial services provider will post earnings of $0.71 per share for the quarter. FIG Partners also issued estimates for First Interstate BancSystem’s Q2 2019 earnings at $0.66 EPS and FY2019 earnings at $2.73 EPS.
COPYRIGHT VIOLATION WARNING: “FIG Partners Weighs in on First Interstate BancSystem, Inc.’s Q1 2019 Earnings (FIBK)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/04/fig-partners-weighs-in-on-first-interstate-bancsystem-inc-s-q1-2019-earnings-fibk.html.
A number of other research firms have also weighed in on FIBK. Zacks Investment Research raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday. Barclays PLC set a $43.00 price objective on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BidaskClub lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, ValuEngine lowered shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.25.
Shares of First Interstate BancSystem (NASDAQ FIBK) traded up $0.15 during midday trading on Thursday, hitting $38.80. The company had a trading volume of 68,071 shares, compared to its average volume of 156,588. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.79 and a quick ratio of 0.79.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in First Interstate BancSystem by 622.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,559 shares in the last quarter. Quantbot Technologies LP grew its stake in First Interstate BancSystem by 955.6% in the 2nd quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,733 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in First Interstate BancSystem in the 2nd quarter worth about $142,000. Victory Capital Management Inc. grew its stake in First Interstate BancSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 680 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of First Interstate BancSystem by 38.3% during the second quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 1,278 shares in the last quarter. Institutional investors and hedge funds own 44.97% of the company’s stock.
In other First Interstate BancSystem news, Director Ross E. Leckie sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $38.85, for a total value of $58,275.00. Following the transaction, the director now directly owns 23,028 shares in the company, valued at approximately $894,637.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 2,822 shares of company stock worth $104,709 over the last 90 days. Insiders own 38.22% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be paid a $0.24 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.47%. First Interstate BancSystem’s dividend payout ratio is currently 48.24%.
First Interstate BancSystem Company Profile
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.
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.