First Interstate BancSystem (NASDAQ:FIBK) Posts Earnings Results, Misses Expectations By $0.04 EPS

First Interstate BancSystem (NASDAQ:FIBK) posted its earnings results on Thursday. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04), Briefing.com reports. First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. During the same quarter last year, the company earned $0.70 EPS.

First Interstate BancSystem Price Performance

NASDAQ FIBK traded down $1.06 on Friday, hitting $30.95. The company had a trading volume of 1,014,911 shares, compared to its average volume of 679,157. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $30.43 and its 200-day moving average price is $28.58. The company has a market capitalization of $3.24 billion, a PE ratio of 12.22 and a beta of 0.81. First Interstate BancSystem has a 12-month low of $22.68 and a 12-month high of $33.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on First Interstate BancSystem from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. DA Davidson boosted their price target on First Interstate BancSystem from $27.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company cut shares of First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $30.00 to $28.00 in a research note on Tuesday, October 1st. StockNews.com lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Interstate BancSystem from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Two research 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.

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.