First Interstate BancSystem (FIBK) Set to Announce Earnings on Thursday

First Interstate BancSystem (NASDAQ:FIBK) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. The business had revenue of $244.30 million during the quarter, compared to analyst estimates of $246.07 million. During the same period last year, the firm posted $0.66 EPS. On average, analysts expect First Interstate BancSystem to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Interstate BancSystem Price Performance

FIBK stock opened at $32.50 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average price is $29.99 and its 200-day moving average price is $28.34. First Interstate BancSystem has a one year low of $20.81 and a one year high of $33.00. The company has a market capitalization of $3.40 billion, a PE ratio of 12.95 and a beta of 0.81.

First Interstate BancSystem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a $0.47 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.88 annualized dividend and a dividend yield of 5.78%. First Interstate BancSystem’s dividend payout ratio (DPR) is 74.90%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIBK. Keefe, Bruyette & Woods raised their price target on First Interstate BancSystem from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Barclays boosted their target price on shares of First Interstate BancSystem from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $38.00 price target on shares of First Interstate BancSystem in a report on Monday, August 26th. Wells Fargo & Company cut First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research note on Tuesday, October 1st. Finally, StockNews.com lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $33.17.

About First Interstate BancSystem

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.