NASDAQ:FIBKFirst Interstate Bancsystem Stock Price, Forecast & News

$31.86

-1.65 (-4.92 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$31.57

Now: $31.86▼

$33.74

50-Day Range

$26.44

MA: $30.17▼

$34.42

52-Week Range

$24.50

Now: $31.86▼

$43.83

Volume216,500 shs

Average Volume252,909 shs

Market Capitalization$2.06 billion

P/E Ratio12.25

Dividend Yield4.27%

Beta1.17

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. The company's loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations, which include the administration of estates and personal trusts; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and insurance planning. In addition, the company offers Internet and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, energy, healthcare and professional services, education and governmental services, mining, technology, retail and wholesale trade, and tourism. The company operates 147 banking offices located in Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
First Interstate Bancsystem has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.00, First Interstate Bancsystem has a potential upside of 16.1% from its current price of $31.86.
Amount of Analyst Coverage
First Interstate Bancsystem has only been the subject of 2 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
First Interstate Bancsystem has received 241 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Interstate Bancsystem has received 379 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Interstate Bancsystem has received 61.13% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Interstate Bancsystem and other stocks. Vote “Outperform” if you believe FIBK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FIBK will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
First Interstate Bancsystem is a leading dividend payer. It pays a dividend yield of 4.27%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Interstate Bancsystem has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of First Interstate Bancsystem is 44.30 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Interstate Bancsystem will have a dividend payout ratio of 56.67 % next year. This indicates that First Interstate Bancsystem will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Interstate Bancsystem insiders have bought more of their company's stock than they have sold. Specifically, they have bought $25,750.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 21.99% of the stock of First Interstate Bancsystem is held by insiders.
Percentage Held by Institutions
49.38% of the stock of First Interstate Bancsystem is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First Interstate Bancsystem are expected to grow by 6.19% in the coming year, from $2.26 to $2.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Interstate Bancsystem is 12.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Interstate Bancsystem is 12.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.16.
Price to Book Value per Share Ratio
First Interstate Bancsystem has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FIBK

Previous Symbol

CUSIP32055Y20

CIK860413

Webwww.fibk.com

Phone406-255-5390

Debt

Debt-to-Equity Ratio0.05

Current Ratio0.79

Quick Ratio0.79

Price-To-Earnings

Trailing P/E Ratio12.25

Forward P/E Ratio14.10

P/E GrowthN/A

Sales & Book Value

Annual Sales$703.90 million

Price / Sales2.92

Cash Flow$3.56 per share

Price / Cash Flow8.96

Book Value$30.30 per share

Price / Book1.05

Profitability

EPS (Most Recent Fiscal Year)$3.07

Net Income$181 million

Net Margins23.56%

Return on Equity9.16%

Return on Assets1.24%

Miscellaneous

Employees2,473

Outstanding Shares64,551,000

Market Cap$2.06 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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First Interstate Bancsystem (NASDAQ:FIBK) Frequently Asked Questions

How has First Interstate Bancsystem's stock been impacted by COVID-19 (Coronavirus)?

First Interstate Bancsystem's stock was trading at $27.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FIBK shares have increased by 16.8% and is now trading at $31.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Interstate Bancsystem?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Interstate Bancsystem in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Interstate Bancsystem.

When is First Interstate Bancsystem's next earnings date?

First Interstate Bancsystem is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for First Interstate Bancsystem.

How were First Interstate Bancsystem's earnings last quarter?

First Interstate Bancsystem Inc (NASDAQ:FIBK) issued its quarterly earnings data on Thursday, April, 30th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.63 by $0.18. The financial services provider had revenue of $166.80 million for the quarter, compared to analyst estimates of $159.10 million. First Interstate Bancsystem had a net margin of 23.56% and a return on equity of 9.16%. View First Interstate Bancsystem's earnings history.

How often does First Interstate Bancsystem pay dividends? What is the dividend yield for First Interstate Bancsystem?

First Interstate Bancsystem declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 11th will be given a dividend of $0.34 per share on Thursday, May 21st. This represents a $1.36 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, May 8th. This is an increase from First Interstate Bancsystem's previous quarterly dividend of $0.20. View First Interstate Bancsystem's dividend history.

What price target have analysts set for FIBK?

3 Wall Street analysts have issued 12-month target prices for First Interstate Bancsystem's stock. Their forecasts range from $35.00 to $39.00. On average, they expect First Interstate Bancsystem's stock price to reach $37.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View analysts' price targets for First Interstate Bancsystem.

Has First Interstate Bancsystem been receiving favorable news coverage?

News articles about FIBK stock have been trending negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Interstate Bancsystem earned a daily sentiment score of -2.5 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutFirst Interstate Bancsystem.

Who are some of First Interstate Bancsystem's key competitors?

Some companies that are related to First Interstate Bancsystem include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of First Interstate Bancsystem own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Interstate Bancsystem investors own include Skyworks Solutions (SWKS), AbbVie (ABBV), Exxon Mobil (XOM), BCE (BCE), Enbridge (ENB), Energy Transfer LP Unit (ET), Philip Morris International (PM), QUALCOMM (QCOM), Ross Stores (ROST) and Constellation Brands (STZ).

Who are First Interstate Bancsystem's key executives?

First Interstate Bancsystem's management team includes the following people:

Mr. Kevin P. Riley, Pres, CEO & Director (Age 59)
Ms. Marcy D. Mutch, Exec. VP & CFO (Age 60)
Ms. Jodi Delahunt Hubbell, Exec. VP & COO (Age 53)
Mr. Kirk D. Jensen Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
Mr. William D. Gottwals, Exec. VP & Director of Banking (Age 50)

What is First Interstate Bancsystem's stock symbol?

First Interstate Bancsystem trades on the NASDAQ under the ticker symbol "FIBK."

Who are First Interstate Bancsystem's major shareholders?

First Interstate Bancsystem's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.26%), Wellington Management Group LLP (3.39%), Bank of New York Mellon Corp (2.33%), Thrivent Financial for Lutherans (1.80%), State Street Corp (1.52%) and Schroder Investment Management Group (1.38%). Company insiders that own First Interstate Bancsystem stock include Homer A Scott Jr, James R Scott Jr, John M Heyneman Jr, Jonathan R Scott, Kevin P Riley, Peter I Wold, Philip G Gaglia, Randall I Scott, Ross E Leckie and Russell A Lee. View institutional ownership trends for First Interstate Bancsystem.

Which institutional investors are selling First Interstate Bancsystem stock?

FIBK stock was sold by a variety of institutional investors in the last quarter, including Cypress Capital Management LLC WY, Alliancebernstein L.P., Monarch Partners Asset Management LLC, Schroder Investment Management Group, JPMorgan Chase & Co., Morgan Stanley, UBS Group AG, and Bank of New York Mellon Corp. Company insiders that have sold First Interstate Bancsystem company stock in the last year include Homer A Scott Jr, James R Scott Jr, and Ross E Leckie. View insider buying and selling activity for First Interstate Bancsystem.

Which institutional investors are buying First Interstate Bancsystem stock?

FIBK stock was bought by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Advisory Research Inc., Wellington Management Group LLP, First Trust Advisors LP, Comerica Bank, Healthcare of Ontario Pension Plan Trust Fund, Eaton Vance Management, and Geode Capital Management LLC. Company insiders that have bought First Interstate Bancsystem stock in the last two years include Kevin P Riley, Peter I Wold, and Russell A Lee. View insider buying and selling activity for First Interstate Bancsystem.

How do I buy shares of First Interstate Bancsystem?

Shares of FIBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Interstate Bancsystem's stock price today?

One share of FIBK stock can currently be purchased for approximately $31.86.

How big of a company is First Interstate Bancsystem?

First Interstate Bancsystem has a market capitalization of $2.06 billion and generates $703.90 million in revenue each year. The financial services provider earns $181 million in net income (profit) each year or $3.07 on an earnings per share basis. First Interstate Bancsystem employs 2,473 workers across the globe.

What is First Interstate Bancsystem's official website?

The official website for First Interstate Bancsystem is www.fibk.com.

How can I contact First Interstate Bancsystem?

First Interstate Bancsystem's mailing address is 401 North 31st Street, Billings MT, 59116. The financial services provider can be reached via phone at 406-255-5390 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff