First Interstate BancSystem, Inc. (FIBK) To Go Ex-Dividend on May 11th

First Interstate BancSystem, Inc. (NASDAQ:FIBK) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 11th will be given a dividend of 0.47 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, May 11th.

First Interstate BancSystem has decreased its dividend by an average of 0.0%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. Equities research analysts expect First Interstate BancSystem to earn $3.00 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 62.7%.

First Interstate BancSystem Stock Performance

NASDAQ FIBK opened at $36.42 on Friday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 11.86 and a beta of 0.77. The company has a 50 day moving average of $34.19 and a 200-day moving average of $34.57. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. First Interstate BancSystem has a 1-year low of $25.81 and a 1-year high of $39.26.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $41.10 million during the quarter, compared to analyst estimates of $242.78 million. First Interstate BancSystem had a net margin of 28.19% and a return on equity of 9.13%. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts forecast that First Interstate BancSystem will post 2.66 earnings per share for the current fiscal year.

First Interstate BancSystem Company Profile

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.