First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Equities researchers at FIG Partners issued their Q1 2019 EPS estimates for shares of First Interstate BancSystem in a research note issued to investors on Tuesday. FIG Partners analyst T. Coffey forecasts that the financial services provider will earn $0.71 per share for the quarter. FIG Partners also issued estimates for First Interstate BancSystem’s Q2 2019 earnings at $0.66 EPS and FY2019 earnings at $2.73 EPS.

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Several other equities analysts also recently commented on FIBK. BidaskClub downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, August 1st. ValuEngine downgraded shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Barclays PLC set a $43.00 target price on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.25.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, October 30th. First Interstate BancSystem’s payout ratio is 48.24%.

In other news, Director Ross E. Leckie sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $38.85, for a total value of $58,275.00. Following the sale, the director now directly owns 23,028 shares of the company’s stock, valued at $894,637.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 2,822 shares of company stock worth $104,709 over the last three months. Company insiders own 38.22% of the company’s stock.

Several large investors have recently modified their holdings of FIBK. American International Group Inc. grew its position in shares of First Interstate BancSystem by 6.9% in the first quarter. American International Group Inc. now owns 12,118 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 785 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of First Interstate BancSystem by 7.8% in the first quarter. Alliancebernstein L.P. now owns 33,000 shares of the financial services provider’s stock valued at $1,308,000 after purchasing an additional 2,400 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of First Interstate BancSystem by 20.9% in the first quarter. OppenheimerFunds Inc. now owns 15,348 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,649 shares during the last quarter. California Public Employees Retirement System grew its position in shares of First Interstate BancSystem by 20.8% in the first quarter. California Public Employees Retirement System now owns 27,900 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of First Interstate BancSystem by 44.7% in the first quarter. Vanguard Group Inc. now owns 1,795,049 shares of the financial services provider’s stock valued at $71,175,000 after purchasing an additional 554,418 shares during the last quarter. 44.97% of the stock is currently owned by institutional investors.

About First Interstate BancSystem

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.

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

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