First Interstate BancSystem, Inc. (NASDAQ:FIBK – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $33.17.
A number of research analysts recently issued reports on FIBK shares. Stephens reiterated an “overweight” rating and set a $36.00 price objective on shares of First Interstate BancSystem in a research note on Thursday, October 10th. Piper Sandler reiterated an “overweight” rating and set a $38.00 price objective on shares of First Interstate BancSystem in a research note on Monday, August 26th. Wells Fargo & Company downgraded First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $30.00 to $28.00 in a research note on Tuesday, October 1st. Barclays upped their price target on First Interstate BancSystem from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, DA Davidson upped their price target on First Interstate BancSystem from $27.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th.
Read Our Latest Stock Analysis on FIBK
Institutional Trading of First Interstate BancSystem
First Interstate BancSystem Trading Up 1.1 %
Shares of NASDAQ:FIBK opened at $31.96 on Thursday. The stock has a 50 day moving average of $30.36 and a 200 day moving average of $28.55. The company has a market cap of $3.34 billion, a PE ratio of 12.73 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.92. First Interstate BancSystem has a 12-month low of $20.81 and a 12-month high of $33.00.
First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $244.30 million during the quarter, compared to the consensus estimate of $246.07 million. First Interstate BancSystem had a return on equity of 8.19% and a net margin of 17.22%. During the same period in the previous year, the company posted $0.66 EPS. As a group, equities research analysts expect that First Interstate BancSystem will post 2.34 EPS for the current year.
About First Interstate BancSystem
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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.
Featured Articles
- Five stocks we like better than First Interstate BancSystem
- Bank Stocks – Best Bank Stocks to Invest In
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is a buyback in stocks? A comprehensive guide for investors
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is the Dogs of the Dow Strategy? Overview and Examples
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for First Interstate BancSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem and related companies with MarketBeat.com's FREE daily email newsletter.