First Interstate BancSystem (FIBK) Projected to Announce Quarterly Earnings on Tuesday

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $253.50 million for the quarter.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. First Interstate BancSystem had a net margin of 15.94% and a return on equity of 6.92%. On average, analysts expect First Interstate BancSystem to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Interstate BancSystem Trading Down 1.1 %

Shares of FIBK stock traded down $0.31 during trading hours on Friday, hitting $28.00. The company had a trading volume of 475,423 shares, compared to its average volume of 635,725. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $2.93 billion, a PE ratio of 12.79 and a beta of 0.81. The company's fifty day moving average is $28.01 and its 200 day moving average is $31.10. First Interstate BancSystem has a fifty-two week low of $22.95 and a fifty-two week high of $36.77.

First Interstate BancSystem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend was Monday, February 10th. First Interstate BancSystem's dividend payout ratio (DPR) is 85.84%.

Insider Activity

In related news, Director John M. Heyneman, Jr. sold 1,335 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $32.56, for a total transaction of $43,467.60. Following the completion of the sale, the director now owns 1,414,886 shares in the company, valued at $46,068,688.16. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FIBK. Wells Fargo & Company decreased their target price on First Interstate BancSystem from $30.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Stephens lowered their price objective on shares of First Interstate BancSystem from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. DA Davidson restated a "buy" rating and issued a $42.00 price objective on shares of First Interstate BancSystem in a report on Thursday, January 30th. Barclays reduced their target price on shares of First Interstate BancSystem from $31.00 to $28.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler cut their price objective on First Interstate BancSystem from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $35.00.

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.