Wall Street brokerages expect First Interstate Bancsystem Inc (NASDAQ:FIBK) to announce $163.66 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for First Interstate Bancsystem’s earnings, with the lowest sales estimate coming in at $160.70 million and the highest estimate coming in at $166.99 million. First Interstate Bancsystem posted sales of $141.40 million during the same quarter last year, which suggests a positive year over year growth rate of 15.7%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, July 30th.
On average, analysts expect that First Interstate Bancsystem will report full year sales of $652.68 million for the current financial year, with estimates ranging from $646.00 million to $658.00 million. For the next year, analysts expect that the firm will report sales of $686.54 million, with estimates ranging from $664.00 million to $702.85 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover First Interstate Bancsystem.
First Interstate Bancsystem (NASDAQ:FIBK) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $151.84 million. First Interstate Bancsystem had a return on equity of 10.69% and a net margin of 25.84%.
Shares of NASDAQ FIBK traded up $0.28 during midday trading on Tuesday, hitting $38.81. The stock had a trading volume of 149,900 shares, compared to its average volume of 186,510. The stock has a 50-day simple moving average of $38.64. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.38 and a beta of 1.18. First Interstate Bancsystem has a fifty-two week low of $34.61 and a fifty-two week high of $47.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81.
In other First Interstate Bancsystem news, Director Peter I. Wold bought 1,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $37.81 per share, with a total value of $37,810.00. Following the completion of the purchase, the director now owns 3,707 shares in the company, valued at $140,161.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin P. Riley sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $39.36, for a total value of $196,800.00. Following the completion of the transaction, the chief executive officer now directly owns 21,880 shares of the company’s stock, valued at $861,196.80. The disclosure for this sale can be found here. 24.93% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its stake in First Interstate Bancsystem by 122.3% in the fourth quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 422 shares during the period. Buffington Mohr McNeal bought a new stake in shares of First Interstate Bancsystem in the first quarter valued at about $45,000. Great West Life Assurance Co. Can lifted its holdings in shares of First Interstate Bancsystem by 71.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,566 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of First Interstate Bancsystem in the first quarter valued at about $205,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of First Interstate Bancsystem by 5.8% in the first quarter. Meeder Asset Management Inc. now owns 5,323 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 292 shares in the last quarter. 51.91% of the stock is owned by hedge funds and other institutional investors.
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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
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