What Makes First Interstate BancSystem (FIBK) a New Buy Stock
First Interstate BancSystem (FIBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
First Interstate BancSystem: Big Dividend Yield, But Fairly Valued
First Interstate BancSystem, Inc. has seen some recent insider buying and also offers an over 6.2% dividend yield. The bank's loan book appears in decent shape with manageable exposure to the challenged commercial real estate sector. An analysis around this high yielding bank stock follows in the paragraphs below.
First Interstate BancSystem: CRE Loans Take Up A Huge Weight In The Portfolio
Valuation not expensive, but caution advised due to heavy reliance on CRE loans and potential economic slowdown. Loan portfolio growth stagnant, management shifting strategy towards reducing debt and leveraging. High dividend yield of 6.63% may be attractive, but concerns about sustainability due to exposure to CRE loans and slow growth.
First Interstate BancSystem, Inc. (FIBK) Q2 2024 Earnings Call Transcript
First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Andrea Walton – Investor Relations Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer Conference Call Participants Andrew Terrell – Stephens Matthew Clark – Piper Sandler Jared Shaw – Barclays Chris McGratty – KBW Timur Braziler – Wells Fargo Operator Good day, and welcome to the First Interstate BancSystem, Inc. Second Quarter Earnings. At this time, all participants are in a listen-only mode.
Compared to Estimates, First Interstate BancSystem (FIBK) Q2 Earnings: A Look at Key Metrics
The headline numbers for First Interstate BancSystem (FIBK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Interstate BancSystem (FIBK) Q2 Earnings Beat Estimates
First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.66 per share a year ago.
Wall Street's Insights Into Key Metrics Ahead of First Interstate BancSystem (FIBK) Q2 Earnings
Besides Wall Street's top -and-bottom-line estimates for First Interstate BancSystem (FIBK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
First Interstate BancSystem (FIBK)'s Technical Outlook is Bright After Key Golden Cross
After reaching an important support level, First Interstate BancSystem, Inc. (FIBK) could be a good stock pick from a technical perspective. FIBK recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
