First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04), Briefing.com reports. First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. During the same period in the previous year, the business posted $0.70 EPS.
First Interstate BancSystem Price Performance
NASDAQ:FIBK traded down $1.06 during trading hours on Friday, hitting $30.95. 1,014,911 shares of the stock were exchanged, compared to its average volume of 679,157. First Interstate BancSystem has a 52-week low of $22.68 and a 52-week high of $33.00. The firm’s fifty day moving average price is $30.46 and its 200 day moving average price is $28.61. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.92. The company has a market cap of $3.24 billion, a P/E ratio of 12.33 and a beta of 0.81.
First Interstate BancSystem Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, November 4th. This represents a $1.88 annualized dividend and a yield of 6.07%. First Interstate BancSystem’s dividend payout ratio (DPR) is currently 74.90%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on First Interstate BancSystem
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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.
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