First Interstate BancSystem, Inc. (NASDAQ:FIBK) Plans Quarterly Dividend of $0.47

First Interstate BancSystem, Inc. (NASDAQ:FIBK) announced a quarterly dividend on Tuesday, January 27th. Shareholders 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 yield of 5.2%. The ex-dividend date 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 payout ratio of 71.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 2.2%

First Interstate BancSystem stock traded down $0.80 during trading hours on Thursday, hitting $35.86. 887,991 shares of the stock traded hands, compared to its average volume of 1,012,059. First Interstate BancSystem has a one year low of $22.95 and a one year high of $38.78. The firm’s 50-day moving average price is $35.29 and its two-hundred day moving average price is $32.68. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.69 billion, a PE ratio of 15.12 and a beta of 0.80.

First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Wednesday, January 28th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.44. First Interstate BancSystem had a return on equity of 7.25% and a net margin of 17.62%.The company had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, research analysts forecast that First Interstate BancSystem will post 2.53 EPS for the current year.

About First Interstate BancSystem

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.