Headlines about First Interstate BancSystem (NASDAQ:FIBK) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Interstate BancSystem earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.8548438510413 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
NASDAQ FIBK opened at $41.30 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. First Interstate BancSystem has a 52 week low of $33.33 and a 52 week high of $42.90. The stock has a market capitalization of $2,338.56, a PE ratio of 20.55, a P/E/G ratio of 1.56 and a beta of 1.11.
First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. First Interstate BancSystem had a return on equity of 9.52% and a net margin of 20.50%. The firm had revenue of $135.00 million for the quarter, compared to the consensus estimate of $136.17 million. equities analysts predict that First Interstate BancSystem will post 2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Monday, May 14th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, May 11th. First Interstate BancSystem’s dividend payout ratio (DPR) is currently 55.72%.
FIBK has been the topic of several research reports. Barclays raised their target price on First Interstate BancSystem from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Piper Jaffray reissued a “buy” rating on shares of First Interstate BancSystem in a research report on Wednesday, January 31st. Zacks Investment Research cut First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Sandler O’Neill reaffirmed a “buy” rating and issued a $46.00 price objective on shares of First Interstate BancSystem in a research note on Thursday, March 29th. Finally, BidaskClub raised First Interstate BancSystem from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. First Interstate BancSystem has an average rating of “Buy” and a consensus target price of $45.00.
In related news, CEO Kevin P. Riley acquired 800 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $41.34 per share, with a total value of $33,072.00. Following the completion of the purchase, the chief executive officer now directly owns 28,349 shares of the company’s stock, valued at $1,171,947.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Guenthner sold 5,878 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $40.37, for a total value of $237,294.86. The disclosure for this sale can be found here. Insiders sold 269,050 shares of company stock worth $10,643,897 in the last ninety days. Corporate insiders own 40.23% of the company’s stock.
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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
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