Brokerages expect First Interstate BancSystem, Inc. (NASDAQ:FIBK) to report sales of $135.02 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for First Interstate BancSystem’s earnings, with estimates ranging from $132.50 million to $137.93 million. First Interstate BancSystem posted sales of $102.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31.8%. The company is scheduled to report its next earnings report on Monday, October 23rd.

On average, analysts expect that First Interstate BancSystem will report full-year sales of $135.02 million for the current fiscal year, with estimates ranging from $474.90 million to $490.17 million. For the next financial year, analysts expect that the company will post sales of $556.38 million per share, with estimates ranging from $549.78 million to $564.75 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Interstate BancSystem.

First Interstate BancSystem (NASDAQ:FIBK) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $119.97 million. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%.

FIBK has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $43.00 price objective (down previously from $44.00) on shares of First Interstate BancSystem in a research report on Thursday, June 1st. Zacks Investment Research cut shares of First Interstate BancSystem from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub raised shares of First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Finally, Wells Fargo & Company raised shares of First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. First Interstate BancSystem has an average rating of “Buy” and a consensus price target of $42.00.

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First Interstate BancSystem (NASDAQ:FIBK) opened at 35.80 on Thursday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 17.34 and a beta of 1.15. First Interstate BancSystem has a 52-week low of $29.67 and a 52-week high of $45.35. The company has a 50-day moving average price of $36.75 and a 200 day moving average price of $38.64.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Wednesday, August 2nd were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, July 31st. This represents a $0.96 dividend on an annualized basis and a yield of 2.68%. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 46.38%.

Large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new stake in First Interstate BancSystem during the second quarter worth about $584,000. Verition Fund Management LLC acquired a new stake in First Interstate BancSystem during the second quarter worth about $396,000. California State Teachers Retirement System raised its stake in First Interstate BancSystem by 17.1% in the second quarter. California State Teachers Retirement System now owns 45,492 shares of the financial services provider’s stock worth $1,692,000 after buying an additional 6,652 shares during the period. CS Mckee LP acquired a new stake in First Interstate BancSystem during the second quarter worth about $958,000. Finally, Assetmark Inc. raised its stake in First Interstate BancSystem by 26.2% in the second quarter. Assetmark Inc. now owns 564,937 shares of the financial services provider’s stock worth $21,016,000 after buying an additional 117,368 shares during the period. Institutional investors own 41.10% of the company’s stock.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

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Earnings History and Estimates for First Interstate BancSystem (NASDAQ:FIBK)

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