First Interstate BancSystem, Inc. (NASDAQ:FIBK – Free Report) – DA Davidson issued their This autumn 2024 earnings estimates for shares of First Interstate BancSystem in a report launched on Monday, October twenty eighth. DA Davidson analyst J. Rulis expects that the monetary companies supplier will earn $0.61 per share for the quarter. DA Davidson at the moment has a “Impartial” ranking and a $34.00 goal worth on the inventory. The consensus estimate for First Interstate BancSystem’s present full-year earnings is $2.34 per share.
A number of different analysts additionally not too long ago weighed in on the corporate. StockNews.com downgraded First Interstate BancSystem from a “maintain” ranking to a “promote” ranking in a analysis report on Thursday, October third. Keefe, Bruyette & Woods lifted their goal worth on shares of First Interstate BancSystem from $29.00 to $31.00 and gave the inventory a “market carry out” ranking in a analysis word on Monday, July twenty ninth. Wells Fargo & Firm reduce shares of First Interstate BancSystem from an “equal weight” ranking to an “underweight” ranking and dropped their worth goal for the corporate from $30.00 to $28.00 in a analysis report on Tuesday, October 1st. Piper Sandler decreased their worth goal on shares of First Interstate BancSystem from $38.00 to $36.00 and set an “obese” ranking on the inventory in a analysis report on Monday. Lastly, Stephens reaffirmed an “obese” ranking and set a $36.00 worth goal on shares of First Interstate BancSystem in a analysis word on Thursday, October tenth. Two equities analysis analysts have rated the inventory with a promote ranking, three have given a maintain ranking and two have given a purchase ranking to the corporate. In accordance with information from MarketBeat.com, First Interstate BancSystem has a consensus ranking of “Maintain” and a consensus worth goal of $32.83.
Learn Our Newest Evaluation on First Interstate BancSystem
First Interstate BancSystem Buying and selling Up 0.6 %
Shares of FIBK inventory opened at $31.61 on Tuesday. The enterprise has a 50-day shifting common of $30.55 and a 200 day shifting common of $28.74. The corporate has a debt-to-equity ratio of 0.92, a present ratio of 0.79 and a fast ratio of 0.79. First Interstate BancSystem has a 1-year low of $22.74 and a 1-year excessive of $33.00. The inventory has a market capitalization of $3.31 billion, a PE ratio of 12.59 and a beta of 0.81.
First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) final posted its quarterly earnings outcomes on Thursday, October twenty fourth. The monetary companies supplier reported $0.54 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.58 by ($0.04). First Interstate BancSystem had a web margin of 17.22% and a return on fairness of 8.19%. Throughout the identical quarter within the earlier 12 months, the enterprise earned $0.70 EPS.
First Interstate BancSystem Pronounces Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Thursday, November 14th. Shareholders of report on Monday, November 4th will likely be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.88 annualized dividend and a yield of 5.95%. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 74.90%.
Institutional Buyers Weigh In On First Interstate BancSystem
A number of institutional traders and hedge funds have not too long ago modified their holdings of FIBK. CWM LLC raised its stake in First Interstate BancSystem by 16.0% within the second quarter. CWM LLC now owns 3,123 shares of the monetary companies supplier’s inventory value $87,000 after shopping for a further 430 shares within the final quarter. PNC Monetary Providers Group Inc. lifted its stake in shares of First Interstate BancSystem by 28.2% within the 4th quarter. PNC Monetary Providers Group Inc. now owns 3,378 shares of the monetary companies supplier’s inventory valued at $104,000 after buying a further 744 shares through the interval. Innealta Capital LLC bought a brand new place in shares of First Interstate BancSystem within the 2nd quarter valued at roughly $106,000. nVerses Capital LLC boosted its place in shares of First Interstate BancSystem by 412.5% through the second quarter. nVerses Capital LLC now owns 4,100 shares of the monetary companies supplier’s inventory valued at $114,000 after buying a further 3,300 shares within the final quarter. Lastly, Telos Capital Administration Inc. bought a brand new stake in First Interstate BancSystem within the third quarter value $201,000. 88.71% of the inventory is owned by hedge funds and different institutional traders.
About First Interstate BancSystem
First Interstate BancSystem, Inc operates because the financial institution holding firm for First Interstate Financial institution that gives vary of banking services and products in the USA. It gives varied conventional depository merchandise, together with checking, financial savings, and time deposits; and repurchase agreements primarily for industrial and municipal depositors.
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