First Interstate BancSystem (FIBK) Expected to Announce Quarterly Earnings on Wednesday

First Interstate BancSystem (NASDAQ:FIBK) is anticipated to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect First Interstate BancSystem to post earnings of $0.49 per share and revenue of $251,464.90 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

First Interstate BancSystem Price Performance

Shares of NASDAQ FIBK opened at $33.30 on Tuesday. The firm has a market cap of $3.48 billion, a P/E ratio of 14.61 and a beta of 0.85. First Interstate BancSystem has a twelve month low of $24.16 and a twelve month high of $36.77. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $33.16 and a 200 day moving average of $31.51.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FIBK shares. Stephens restated an “overweight” rating and issued a $36.00 price target on shares of First Interstate BancSystem in a research note on Thursday, October 10th. Piper Sandler decreased their target price on First Interstate BancSystem from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company dropped their price target on shares of First Interstate BancSystem from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. DA Davidson raised shares of First Interstate BancSystem from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $42.00 in a report on Tuesday, November 26th. Finally, StockNews.com downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.00.

Insider Buying and Selling

In other news, Director Jonathan R. Scott sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $34.18, for a total value of $222,170.00. Following the transaction, the director now owns 958,710 shares of the company’s stock, valued at $32,768,707.80. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Julie A. Scott sold 22,050 shares of First Interstate BancSystem stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $33.80, for a total value of $745,290.00. Following the transaction, the insider now directly owns 613,019 shares in the company, valued at approximately $20,720,042.20. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,837 shares of company stock valued at $1,839,583. 6.90% of the stock is owned by insiders.

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.