News articles about First Interstate BancSystem (NASDAQ:FIBK) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Interstate BancSystem earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.4083182542443 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms recently issued reports on FIBK. BidaskClub cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Zacks Investment Research cut shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of First Interstate BancSystem in a report on Friday, December 22nd. Piper Jaffray reaffirmed a “buy” rating on shares of First Interstate BancSystem in a report on Wednesday, January 31st. Finally, Barclays upped their price target on shares of First Interstate BancSystem from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. First Interstate BancSystem has an average rating of “Hold” and an average target price of $45.00.
FIBK stock opened at $39.45 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. First Interstate BancSystem has a 1-year low of $33.33 and a 1-year high of $42.90. The firm has a market cap of $2,234.06, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11.
First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.08). First Interstate BancSystem had a net margin of 20.50% and a return on equity of 9.10%. The business had revenue of $138.03 million for the quarter, compared to the consensus estimate of $138.00 million. equities research analysts predict that First Interstate BancSystem will post 2.96 earnings per share for the current fiscal year.
In other First Interstate BancSystem news, CEO Kevin P. Riley bought 800 shares of the stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $41.34 per share, for a total transaction of $33,072.00. Following the completion of the purchase, the chief executive officer now directly owns 28,349 shares in the company, valued at $1,171,947.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Scott, Jr. sold 6,100 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $40.07, for a total transaction of $244,427.00. Following the sale, the director now owns 23,412 shares of the company’s stock, valued at approximately $938,118.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 269,050 shares of company stock valued at $10,643,897. 40.23% of the stock is owned by insiders.
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First Interstate BancSystem Company Profile
First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
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