First Interstate BancSystem (FIBK) to Release Earnings on Wednesday

First Interstate BancSystem (NASDAQ:FIBK) is expected to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect First Interstate BancSystem to post earnings of $0.49 per share and revenue of $251,464.90 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

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

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

Insiders Place Their Bets

In related news, major shareholder James R. Scott, Jr. sold 6,067 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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 owns 75,387 shares in the company, valued at approximately $2,600,851.50. This represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Julie A. Scott sold 20,220 shares of First Interstate BancSystem stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $32.78, for a total value of $662,811.60. Following the transaction, the insider now directly owns 635,069 shares in the company, valued at approximately $20,817,561.82. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,837 shares of company stock worth $1,839,583 over the last three months. Company insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIBK. Stephens reiterated an “overweight” rating and issued a $36.00 price target on shares of First Interstate BancSystem in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on First Interstate BancSystem from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. UBS Group assumed coverage on First Interstate BancSystem in a report on Tuesday, December 17th. They issued a “neutral” rating and a $35.00 price objective for the company. DA Davidson upgraded shares of First Interstate BancSystem from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $42.00 in a research report on Tuesday, November 26th. Finally, StockNews.com lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.