First Interstate BancSystem, Inc. (NASDAQ:FIBK) to Issue $0.47 Quarterly Dividend

by · The Cerbat Gem

First Interstate BancSystem, Inc. (NASDAQ:FIBK – Get Free Report) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, February 10th will be paid a dividend of 0.47 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, February 10th.

First Interstate BancSystem has raised its dividend payment by an average of 0.1%per year over the last three years. First Interstate BancSystem has a dividend payout ratio of 71.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Interstate BancSystem to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 69.1%.

First Interstate BancSystem Stock Down 1.1%

Shares of First Interstate BancSystem stock traded down $0.42 during trading on Thursday, reaching $36.25. The stock had a trading volume of 712,514 shares, compared to its average volume of 1,000,085. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.09. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $38.78. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 15.29 and a beta of 0.80. The stock has a fifty day moving average price of $35.29 and a two-hundred day moving average price of $32.68.

First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.44. The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $256.89 million. First Interstate BancSystem had a return on equity of 7.25% and a net margin of 17.62%.The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Sell-side analysts predict that First Interstate BancSystem will post 2.53 EPS for the current fiscal year.

First Interstate BancSystem Company Profile

(Get Free Report)

First Interstate BancSystem, Inc is a bank holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides a full range of commercial and consumer banking services. Its offerings include business lending, commercial real estate financing, agricultural loans, residential mortgage products, and deposit accounts suitable for individuals, small businesses, and large corporations.

The company traces its roots back to the late 1960s and has grown through a combination of organic expansion and strategic acquisitions across the Western United States.

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