Image Source: PixabayFirst Interstate BancSystem Inc (FIBK) is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming.It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade.It generates a majority of income from interest charged on loans, and interest and dividends earned on investments.First Interstate BancSystem Inc. was incorporated in 1971 and is headquartered in Billings, Montana. Three key data points gauge First Interstate BancSystem Inc or any dividend-paying firm. The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money. FIBK PriceOver the past year, First Interstate’s share price fell about 43% from $44.57 to $25.43 as of Friday’s market close.If First Interstate’s stock trades in the range of $20.00 to $30.00 this next year, its recent $25.43 share price might rise to $26.80 by next year. Of course, First Interstate’s price could drop about the same $1.37 estimated amount, or more.My upside estimate of $1.37, however, is about equal to the median of one-year price targets from six analysts covering FIBK for brokers FIBK DividendFirst Interstate BancSystem Inc has paid quarterly dividends since April 9, 2010. FIBK’s most recent quarterly dividend, of $0.47, was paid to shareholders of record as of November 3, 2023 on November 16th.  The forward looking $1.48 annual dividend yields 5.82% at Friday’s $25.44 share price, FIBK ReturnsPutting it all together, we add the  annual dividend of  $1.48 to the price upside of $1.36 and find a $2.84 gross gain.At Wednesday’s $25.44 closing price, a little under $1000 would buy 39 shares. A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.26 per share.Subtracting that likely $0.26 brokerage cost from the $2.84 estimated gross gain per share produces a net gain of $2.68 X 39  shares = $104.52 or a 10.2% net gain. You might choose to pounce on First Interstate BancSystem Inc shares. FITB is a 52-year old Montana regional bank holding company. The estimated $58.20 dividend income from $1k invested is about 2.3 times greater than Friday’s FIBK single share price.The exact tracks of First Interstate’s ongoing future prices and dividends are yet to be known. Remember, the true value of any stock is best realized through personal ownership of shares.More By This Author:Stock Analysis: Ethan Allen Interiors
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