First Interstate BancSystem, Inc. (NASDAQ:FIBK – Get Rating) – Equities research analysts at DA Davidson increased their FY2022 earnings per share (EPS) estimates for shares of First Interstate BancSystem in a research note issued to investors on Monday, May 2nd. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $2.65 per share for the year, up from their prior estimate of $2.55.
First Interstate BancSystem (NASDAQ:FIBK – Get Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). First Interstate BancSystem had a return on equity of 8.40% and a net margin of 29.28%. During the same quarter last year, the business earned $0.83 EPS.
Shares of FIBK opened at $34.06 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.12 billion, a P/E ratio of 17.74 and a beta of 1.04. The firm’s 50 day moving average price is $36.85. First Interstate BancSystem has a 1 year low of $32.40 and a 1 year high of $48.25.
Several institutional investors have recently bought and sold shares of FIBK. Massachusetts Financial Services Co. MA bought a new stake in First Interstate BancSystem in the 3rd quarter valued at about $46,266,000. Trexquant Investment LP bought a new stake in First Interstate BancSystem in the 3rd quarter valued at about $276,000. Credit Suisse AG lifted its position in First Interstate BancSystem by 12.1% in the 3rd quarter. Credit Suisse AG now owns 37,879 shares of the financial services provider’s stock valued at $1,526,000 after purchasing an additional 4,096 shares during the last quarter. Swiss National Bank lifted its position in First Interstate BancSystem by 1.3% in the 3rd quarter. Swiss National Bank now owns 91,883 shares of the financial services provider’s stock valued at $3,699,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Raymond James & Associates lifted its position in First Interstate BancSystem by 50.7% in the 3rd quarter. Raymond James & Associates now owns 9,129 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 3,073 shares during the last quarter. Institutional investors own 69.42% of the company’s stock.
In other news, insider Philip G. Gaglia sold 1,921 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $38.94, for a total value of $74,803.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan R. Scott sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock worth $841,767 over the last quarter. 6.40% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Monday, May 9th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $1.64 dividend on an annualized basis and a yield of 4.82%. First Interstate BancSystem’s dividend payout ratio (DPR) is 85.42%.
First Interstate BancSystem Company Profile (Get Rating)
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.
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