First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Stock analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for First Interstate BancSystem in a report released on Tuesday. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.66 per share for the quarter. DA Davidson also issued estimates for First Interstate BancSystem’s Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.61 EPS.

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Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday. BidaskClub downgraded First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. ValuEngine downgraded 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 First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. First Interstate BancSystem currently has a consensus rating of “Buy” and an average target price of $43.25.

A number of hedge funds have recently added to or reduced their stakes in FIBK. American International Group Inc. boosted its holdings in First Interstate BancSystem by 6.9% during 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 in the last quarter. Alliancebernstein L.P. boosted its holdings in First Interstate BancSystem by 7.8% during 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 in the last quarter. OppenheimerFunds Inc. boosted its holdings in First Interstate BancSystem by 20.9% during 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 in the last quarter. California Public Employees Retirement System boosted its holdings in First Interstate BancSystem by 20.8% during 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 in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in First Interstate BancSystem by 44.7% during 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 in the last quarter. 44.97% of the stock is currently owned by institutional investors and hedge funds.

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

First Interstate BancSystem Company Profile

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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