First Interstate Bancsystem Price Target Increased to $28.00 by Analysts at Keefe, Bruyette & Woods (FIBK)
Equities research analysts at Keefe, Bruyette & Woods boosted their price objective on shares of First Interstate Bancsystem (NASDAQ:FIBK) from $26.00 to $28.00 in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 13.77% from the stock’s previous close.
Separately, analysts at Barclays raised their price target on shares of First Interstate Bancsystem from $28.00 to $31.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock.
Shares of First Interstate Bancsystem (NASDAQ:FIBK) traded down 4.09% on Monday, hitting $24.61. The stock had a trading volume of 151,696 shares. First Interstate Bancsystem has a one year low of $17.07 and a one year high of $29.53. The stock has a 50-day moving average of $27.40 and a 200-day moving average of $25.25. The company has a market cap of $1.080 billion and a P/E ratio of 13.09.
First Interstate Bancsystem (NASDAQ:FIBK) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. On average, analysts predict that First Interstate Bancsystem will post $1.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Tuesday, February 4th will be given a dividend of 0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from First Interstate Bancsystem’s previous quarterly dividend of $0.14.
First Interstate BancSystem, Inc is a bank holding company. The Company through its wholly owned bank subsidiary, First Interstate Bank (NASDAQ:FIBK), it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout Montana, Wyoming and western South Dakota.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.