What is DA Davidson’s Forecast for FIBK Q4 Earnings?

First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for First Interstate BancSystem in a note issued to investors on Monday, October 28th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.61 per share for the quarter. DA Davidson has a “Neutral” rating and a $34.00 price objective on the stock. The consensus estimate for First Interstate BancSystem’s current full-year earnings is $2.34 per share.

FIBK has been the subject of a number of other research reports. Piper Sandler decreased their price target on First Interstate BancSystem from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Monday. Barclays raised their price target on shares of First Interstate BancSystem from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. StockNews.com lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Wells Fargo & Company lowered First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $28.00 in a research report on Tuesday, October 1st. Finally, Stephens restated an “overweight” rating and set a $36.00 price objective on shares of First Interstate BancSystem in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.83.

First Interstate BancSystem Price Performance

Shares of NASDAQ FIBK opened at $31.42 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.79 and a quick ratio of 0.79. First Interstate BancSystem has a 1-year low of $22.74 and a 1-year high of $33.00. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 12.52 and a beta of 0.81. The business has a 50-day moving average of $30.50 and a 200-day moving average of $28.69.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). First Interstate BancSystem had a return on equity of 8.19% and a net margin of 17.22%. During the same quarter in the previous year, the firm earned $0.70 EPS.

Institutional Investors Weigh In On First Interstate BancSystem

A number of institutional investors have recently made changes to their positions in FIBK. CWM LLC increased its stake in First Interstate BancSystem by 16.0% during the second quarter. CWM LLC now owns 3,123 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 430 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of First Interstate BancSystem by 28.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,378 shares of the financial services provider’s stock valued at $104,000 after buying an additional 744 shares during the last quarter. Innealta Capital LLC acquired a new stake in First Interstate BancSystem during the second quarter worth about $106,000. nVerses Capital LLC lifted its holdings in First Interstate BancSystem by 412.5% in the second quarter. nVerses Capital LLC now owns 4,100 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Telos Capital Management Inc. acquired a new position in First Interstate BancSystem in the third quarter valued at approximately $201,000. 88.71% of the stock is currently owned by institutional investors.

First Interstate BancSystem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Monday, November 4th. First Interstate BancSystem’s dividend payout ratio is presently 74.90%.

First Interstate BancSystem Company Profile

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.