First Interstate BancSystem (FIBK) Expected to Announce Earnings on Wednesday

First Interstate BancSystem (NASDAQ:FIBK) will likely be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings 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 period in the previous year, the company 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 Performance

NASDAQ:FIBK opened at $32.59 on Monday. The stock has a 50-day moving average price of $33.16 and a 200 day moving average price of $31.51. The stock has a market capitalization of $3.41 billion, a P/E ratio of 14.29 and a beta of 0.85. First Interstate BancSystem has a 12-month low of $24.16 and a 12-month high of $36.77. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.71.

Insider Activity at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Julie A. Scott sold 20,220 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $32.78, for a total transaction of $662,811.60. Following the transaction, the insider now owns 635,069 shares in the company, valued at $20,817,561.82. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder James R. Scott, Jr. sold 6,067 shares of the 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 in the company, valued at approximately $2,600,851.50. This represents a 7.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,837 shares of company stock valued at $1,839,583. Insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

FIBK has been the topic of several recent analyst reports. Piper Sandler reduced their price objective on shares of First Interstate BancSystem from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. StockNews.com downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. UBS Group assumed coverage on shares of First Interstate BancSystem in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $35.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on First Interstate BancSystem from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson upgraded First Interstate BancSystem from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $42.00 in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.