First Interstate BancSystem, Inc. (NASDAQ:FIBK) Expected to Earn FY2025 Earnings of $2.70 Per Share

by · The Cerbat Gem

First Interstate BancSystem, Inc. (NASDAQ:FIBK – Free Report) – Analysts at DA Davidson increased their FY2025 EPS estimates for First Interstate BancSystem in a research note issued to investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $2.70 per share for the year, up from their prior forecast of $2.55. DA Davidson currently has a “Neutral” rating and a $34.00 target price on the stock. The consensus estimate for First Interstate BancSystem’s current full-year earnings is $2.34 per share.

First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $244.30 million during the quarter, compared to analysts’ expectations of $246.07 million. First Interstate BancSystem had a return on equity of 8.19% and a net margin of 17.22%. During the same quarter in the prior year, the firm earned $0.66 earnings per share.

A number of other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of First Interstate BancSystem from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Piper Sandler reaffirmed an “overweight” rating and set a $38.00 price objective on shares of First Interstate BancSystem in a research note on Monday, August 26th. Stephens raised their target price on shares of First Interstate BancSystem from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. StockNews.com lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company downgraded First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.17.

Get Our Latest Analysis on First Interstate BancSystem

First Interstate BancSystem Stock Down 0.6 %

NASDAQ FIBK opened at $29.32 on Monday. The business has a fifty day moving average price of $29.75 and a 200 day moving average price of $28.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $3.07 billion, a P/E ratio of 11.68 and a beta of 0.81. First Interstate BancSystem has a one year low of $20.81 and a one year high of $33.00.

Institutional Investors Weigh In On First Interstate BancSystem

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIBK. BNP Paribas Financial Markets increased its position in shares of First Interstate BancSystem by 235.6% during the 1st quarter. BNP Paribas Financial Markets now owns 78,311 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 54,973 shares during the last quarter. Jennison Associates LLC increased its position in shares of First Interstate BancSystem by 9.6% during the first quarter. Jennison Associates LLC now owns 850,767 shares of the financial services provider’s stock valued at $23,149,000 after acquiring an additional 74,434 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of First Interstate BancSystem in the 1st quarter valued at approximately $705,000. Dimensional Fund Advisors LP lifted its holdings in shares of First Interstate BancSystem by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,580,800 shares of the financial services provider’s stock worth $127,204,000 after acquiring an additional 367,212 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of First Interstate BancSystem during the 1st quarter worth approximately $1,597,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

First Interstate BancSystem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, August 5th. This represents a $1.88 annualized dividend and a yield of 6.41%. First Interstate BancSystem’s dividend payout ratio (DPR) is 74.90%.

First Interstate BancSystem Company Profile

(Get Free Report)

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.

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