First Interstate BancSystem, Inc. (FIBK) To Go Ex-Dividend on August 4th

First Interstate BancSystem, Inc. (NASDAQ:FIBK) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.47 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, August 4th.

First Interstate BancSystem has decreased its dividend by an average of 0.0%annually over the last three years. First Interstate BancSystem has a dividend payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Interstate BancSystem to earn $2.91 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 64.6%.

First Interstate BancSystem Price Performance

Shares of NASDAQ FIBK opened at $38.02 on Friday. The company has a market capitalization of $3.69 billion, a PE ratio of 11.70 and a beta of 0.76. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $37.48 and its 200-day moving average price is $36.06. First Interstate BancSystem has a twelve month low of $27.60 and a twelve month high of $40.60.

First Interstate BancSystem (NASDAQ:FIBK) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.68 by $0.19. The business had revenue of $263.90 million during the quarter, compared to the consensus estimate of $249.32 million. First Interstate BancSystem had a return on equity of 9.55% and a net margin of 29.44%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts anticipate that First Interstate BancSystem will post 2.84 EPS for the current 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.