$0.75 EPS Expected for First Interstate Bancsystem Inc (NASDAQ:FIBK) This Quarter

Equities research analysts expect that First Interstate Bancsystem Inc (NASDAQ:FIBK) will announce $0.75 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for First Interstate Bancsystem’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.68. First Interstate Bancsystem posted earnings of $0.74 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that First Interstate Bancsystem will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.15. For the next year, analysts anticipate that the firm will post earnings of $3.31 per share, with EPS estimates ranging from $3.16 to $3.45. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow First Interstate Bancsystem.

First Interstate Bancsystem (NASDAQ:FIBK) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The business had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $151.84 million. First Interstate Bancsystem had a net margin of 25.84% and a return on equity of 10.69%.

Several equities analysts have recently commented on FIBK shares. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 14th. Robert W. Baird increased their target price on Cerner from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Piper Jaffray Companies set a $55.00 target price on Pacira Biosciences and gave the company a “buy” rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.65.

Shares of First Interstate Bancsystem stock traded up $0.28 on Friday, hitting $38.81. 149,900 shares of the company’s stock traded hands, compared to its average volume of 186,510. The firm has a market capitalization of $2.36 billion, a PE ratio of 13.29, a P/E/G ratio of 1.38 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $38.64. First Interstate Bancsystem has a 52-week low of $34.61 and a 52-week high of $47.05.

In related news, CEO Kevin P. Riley sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $39.36, for a total transaction of $196,800.00. Following the sale, the chief executive officer now directly owns 21,880 shares of the company’s stock, valued at approximately $861,196.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Philip G. Gaglia sold 2,112 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $42.20, for a total value of $89,126.40. Following the sale, the insider now directly owns 3,184 shares in the company, valued at $134,364.80. The disclosure for this sale can be found here. Corporate insiders own 24.93% of the company’s stock.

Several hedge funds have recently bought and sold shares of FIBK. Captrust Financial Advisors increased its holdings in shares of First Interstate Bancsystem by 122.3% during the fourth quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 422 shares during the period. Buffington Mohr McNeal acquired a new position in shares of First Interstate Bancsystem during the first quarter valued at $45,000. Great West Life Assurance Co. Can increased its holdings in shares of First Interstate Bancsystem by 71.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,566 shares during the period. Stephens Inc. AR acquired a new position in shares of First Interstate Bancsystem during the first quarter valued at $205,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of First Interstate Bancsystem by 5.8% during the first quarter. Meeder Asset Management Inc. now owns 5,323 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 292 shares during the period. 51.91% of the stock is currently owned by institutional investors and hedge funds.

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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

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