First Interstate Bancsystem Inc (FIBK) Receives Average Rating of “Hold” from Analysts

First Interstate Bancsystem Inc (NASDAQ:FIBK) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.98.

Several research firms have issued reports on FIBK. BidaskClub upgraded First Interstate Bancsystem from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies set a $47.00 price objective on First Interstate Bancsystem and gave the company a “buy” rating in a research note on Tuesday, April 9th. Robert W. Baird began coverage on First Interstate Bancsystem in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research lowered First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th.

In other news, Director Jonathan R. Scott sold 15,670 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $41.14, for a total value of $644,663.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ross E. Leckie sold 2,204 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $42.13, for a total value of $92,854.52. Following the completion of the transaction, the director now directly owns 17,027 shares in the company, valued at approximately $717,347.51. The disclosure for this sale can be found here. 24.93% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of First Interstate Bancsystem in the fourth quarter valued at approximately $26,000. Captrust Financial Advisors grew its position in shares of First Interstate Bancsystem by 122.3% in the fourth quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 422 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of First Interstate Bancsystem by 19.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 411 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of First Interstate Bancsystem by 71.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,566 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of First Interstate Bancsystem in the third quarter valued at approximately $181,000. 49.56% of the stock is currently owned by institutional investors.

NASDAQ:FIBK traded up $0.21 on Wednesday, hitting $42.50. The company’s stock had a trading volume of 203,200 shares, compared to its average volume of 196,765. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.48 and a beta of 1.15. First Interstate Bancsystem has a one year low of $34.61 and a one year high of $47.05.

First Interstate Bancsystem (NASDAQ:FIBK) last released its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $153.20 million for the quarter, compared to analyst estimates of $151.76 million. First Interstate Bancsystem had a return on equity of 10.93% and a net margin of 25.98%. Equities research analysts expect that First Interstate Bancsystem will post 3.12 EPS for the current year.

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.

Read More: Earnings Per Share (EPS)

Analyst Recommendations for First Interstate Bancsystem (NASDAQ:FIBK)

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