First Interstate BancSystem (FIBK) to Release Quarterly Earnings on Wednesday

First Interstate BancSystem (NASDAQ:FIBK) is projected to issue its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $251,464.90 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). First Interstate BancSystem had a net margin of 15.94% and a return on equity of 7.48%. During the same quarter in the previous year, the business earned $0.70 earnings per share. 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 Stock Up 0.7 %

Shares of FIBK stock opened at $32.76 on Wednesday. The stock has a 50 day moving average of $33.23 and a 200 day moving average of $31.37. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.71. First Interstate BancSystem has a twelve month low of $24.16 and a twelve month high of $36.77. The stock has a market cap of $3.42 billion, a P/E ratio of 14.37 and a beta of 0.85.

Insider Buying and Selling

In other First Interstate BancSystem news, Director Jonathan R. Scott sold 6,500 shares of First Interstate BancSystem stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $34.18, for a total transaction of $222,170.00. Following the transaction, the director now owns 958,710 shares of the company’s stock, valued at $32,768,707.80. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder James R. Scott, Jr. sold 6,067 shares of First Interstate BancSystem stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $34.50, for a total transaction of $209,311.50. Following the completion of the sale, the insider now directly owns 75,387 shares of the company’s stock, valued at approximately $2,600,851.50. The trade was a 7.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,837 shares of company stock worth $1,839,583 in the last three months. 6.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on First Interstate BancSystem from $30.00 to $31.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. StockNews.com cut First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. DA Davidson upgraded shares of First Interstate BancSystem from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $42.00 in a report on Tuesday, November 26th. Piper Sandler lowered 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, October 28th. Finally, Stephens reissued an “overweight” rating and issued a $36.00 target price on shares of First Interstate BancSystem in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, First Interstate BancSystem currently has an average rating of “Hold” and a consensus target price of $35.00.

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.