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

First Interstate BancSystem, Inc. (NASDAQ:FIBK) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Tuesday, February 10th will be given 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 by an average of 0.1%annually 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 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 Performance

Shares of FIBK traded down $0.42 on Thursday, reaching $36.25. 712,514 shares of the company’s stock traded hands, compared to its average volume of 1,000,085. The stock’s 50 day simple moving average is $35.29 and its two-hundred day simple moving average 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 stock has a market cap of $3.73 billion, a PE ratio of 15.29 and a beta of 0.80. First Interstate BancSystem has a 52-week low of $22.95 and a 52-week high of $38.78.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate 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 business had revenue of $205.10 million during the quarter, compared to analyst estimates of $256.89 million. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts forecast that First Interstate BancSystem will post 2.53 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.