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Stock Market & Financial Investment News

News Breaks
May 24, 2013
17:10 EDTFIBKFirst Interstate files to sell $160M of common stock
News For FIBK From The Last 14 Days
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April 29, 2015
10:00 EDTFIBKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Capital Agency (AGNC) downgraded at UBS... American Public Education (APEI) downgraded to Hold from Buy at Deutsche Bank... Annaly Capital (NLY) downgraded at UBS... C.H. Robinson (CHRW) downgraded to Neutral from Buy at BofA/Merrill... Church & Dwight (CHD) downgraded to Perform from Outperform at Oppenheimer... Cobalt (CIE) downgraded to Hold from Accumulate at Tudor Pickering... Compass Minerals (CMP) downgraded to Neutral from Overweight at JPMorgan... Corning (GLW) downgraded to Sell from Underperform at CLSA... Corporate Office Properties (OFC) downgraded at Stifel... Entergy (ETR) downgraded to Market Perform from Outperform at BMO Capital... First Interstate (FIBK) downgraded to Market Perform from Outperform at Wells Fargo... German American Bancorp (GABC) downgraded to Market Perform at Keefe Bruyette... IGI Laboratories (IG) downgraded to Market Perform from Outperform at Avondale... Lumber Liquidators (LL) downgraded at Longbow... Marvell (MRVL) downgraded at JMP Securities... National Oilwell (NOV) downgraded to Underweight from Equal Weight at Morgan Stanley... Oceaneering (OII) downgraded to Neutral from Buy at Sterne Agee CRT... OpenText (OTEX) downgraded to Sector Performer from Outperformer at CIBC... Parker-Hannifin (PH) downgraded on macro headwinds at Stifel... Pfizer (PFE) downgraded to Neutral from Buy at Citigroup... Procter & Gamble (PG) downgraded to Hold from Buy at Societe Generale... RTI International (RTI) downgraded to Market Perform from Outperform at FBR Capital... Ryder (R) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Neutral from Buy at Goldman... Targa Resources (TRGP) downgraded to Accumulate from Buy at Global Hunter... Total System (TSS) downgraded to Market Perform from Outperform at Wells Fargo... Twitter (TWTR) downgraded to Equal Weight from Overweight at Barclays... Wynn Resorts (WYNN) downgraded to Neutral at Susquehanna.
06:02 EDTFIBKFirst Interstate downgraded to Market Perform from Outperform at Wells Fargo
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April 27, 2015
17:38 EDTFIBKFirst Interstate reports Q1 EPS 46c, consensus 48c
Reports Q1 net interest margin ratio 3.43%, up 5 basis points from prior quarter. Reports net interest income $64.3M, up 10.6% from prior year. Reports provision for loan losses of $1.1M. Reports allowance for loan losses as a percentage of period end loans of 1.53%.
April 23, 2015
06:43 EDTFIBKFirst Interstate discloses Montana court denies post-trial motions of subsidiary
In a regulatory filing, First Interstate disclosed that a Montana district court denied the post-trial motions of its bank subsidiary, First Interstate Bank, in a case including a former customer of the Bank. As previously reported, a Montana jury awarded the former customer $287K in compensatory damages and $16.7M in punitive damages on August 14, 2014. The district court also upheld the jury’s verdict and awarded the former customer $7.5M in attorneys’ fees and $90K in costs, and entered a final judgment in the amount of $24.6M. The Bank said it will to continue to vigorously defend itself and intends to appeal the case to the Montana Supreme Court. During 2014, the company accrued $4M of litigation-related loss contingency expense related to this case.

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