Equities research analysts expect that First Interstate Bancsystem Inc (NASDAQ:FIBK) will post earnings per share of $0.65 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Interstate Bancsystem’s earnings, with estimates ranging from $0.63 to $0.66. First Interstate Bancsystem posted earnings of $0.57 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, January 30th.
According to Zacks, analysts expect that First Interstate Bancsystem will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.33 to $2.35. For the next financial year, analysts anticipate that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.55 to $2.92. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover First Interstate Bancsystem.
Several equities analysts have commented on FIBK shares. Barclays set a $43.00 target price on shares of First Interstate Bancsystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of First Interstate Bancsystem in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.75.
In related news, Director Ross E. Leckie sold 1,500 shares of First Interstate Bancsystem stock in a transaction that occurred 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 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 the SEC website. Also, Director Ross E. Leckie sold 2,000 shares of First Interstate Bancsystem stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total transaction of $79,220.00. Following the completion of the sale, the director now directly owns 21,028 shares in the company, valued at approximately $832,919.08. The disclosure for this sale can be found here. Insiders sold a total of 114,525 shares of company stock worth $4,240,874 in the last ninety days. 38.22% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of FIBK. Great West Life Assurance Co. Can raised its holdings in shares of First Interstate Bancsystem by 38.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,278 shares during the period. Rhumbline Advisers grew its stake in First Interstate Bancsystem by 24.5% in the 2nd quarter. Rhumbline Advisers now owns 43,344 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 8,534 shares in the last quarter. Legal & General Group Plc grew its stake in First Interstate Bancsystem by 34.4% in the 2nd quarter. Legal & General Group Plc now owns 6,357 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,627 shares in the last quarter. 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 valued at $110,000 after buying an additional 2,559 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in First Interstate Bancsystem by 5.0% in the 2nd quarter. Federated Investors Inc. PA now owns 16,337 shares of the financial services provider’s stock valued at $608,000 after buying an additional 775 shares in the last quarter. 45.22% of the stock is currently owned by institutional investors.
First Interstate Bancsystem (NASDAQ:FIBK) traded up $0.40 during trading on Tuesday, hitting $42.45. 131,838 shares of the company’s stock traded hands, compared to its average volume of 160,033. First Interstate Bancsystem has a 1 year low of $33.33 and a 1 year high of $45.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $2,280.00, a PE ratio of 21.23, a P/E/G ratio of 1.67 and a beta of 1.18.
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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.
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