First Interstate BancSystem (FIBK) Scheduled to Post Earnings on Thursday

First Interstate BancSystem (NASDAQ:FIBK) will announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

First Interstate BancSystem (NASDAQ:FIBK) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. First Interstate BancSystem had a return on equity of 8.19% and a net margin of 17.22%. The business had revenue of $244.30 million during the quarter, compared to the consensus estimate of $246.07 million. During the same quarter last year, the company earned $0.66 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

FIBK opened at $31.60 on Wednesday. The company has a market cap of $3.30 billion, a P/E ratio of 12.59 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $30.29 and its 200-day moving average price is $28.53. First Interstate BancSystem has a 52-week low of $20.81 and a 52-week high of $33.00.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of First Interstate BancSystem from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. StockNews.com cut First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Wells Fargo & Company lowered First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $28.00 in a report on Tuesday, October 1st. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of First Interstate BancSystem in a report on Thursday, October 10th. Finally, DA Davidson increased their price target on shares of First Interstate BancSystem from $27.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.17.

First Interstate BancSystem Company Profile

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.