3 hours Ago By Defense World Staff
First Interstate BancSystem ( NASDAQ:FIBK – Get Free Report ) had its price objective reduced by equities researchers at Piper Sandler from $42.00 to $41.00 in a research note issued on Monday, Benzinga reports.
The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 26.39% from the company’s previous close.
A number of other research firms also recently commented on FIBK. Wells Fargo & Company lifted their price objective on shares of First Interstate BancSystem from $29.00 to $30.
00 and gave the stock an “underweight” rating in a report on Monday. Stephens lowered their price objective on shares of First Interstate BancSystem from $39.00 to $38.
00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on shares of First Interstate BancSystem from $32.00 to $36.
00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th.
Finally, DA Davidson reissued a “buy” rating and issued a $42.00 price target on shares of First Interstate BancSystem in a report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.
Check Out Our Latest Report on First Interstate BancSystem First Interstate BancSystem Stock Performance First Interstate BancSystem ( NASDAQ:FIBK – Get Free Report ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
49 by $0.01. First Interstate BancSystem had a return on equity of 6.
92% and a net margin of 15.94%. Equities analysts anticipate that First Interstate BancSystem will post 2.
54 earnings per share for the current fiscal year. Insider Transactions at First Interstate BancSystem In related news, Director Jonathan R. Scott sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th.
The stock was sold at an average price of $34.18, for a total transaction of $222,170.00.
Following the sale, the director now owns 958,710 shares of the company’s stock, valued at $32,768,707.80. The trade was a 0.
67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, major shareholder James R.
Scott, Jr. sold 6,067 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $34.
50, for a total value of $209,311.50. Following the transaction, the insider now directly owns 75,387 shares of the company’s stock, valued at approximately $2,600,851.
50. The trade was a 7.45 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last quarter, insiders sold 54,837 shares of company stock valued at $1,839,583. 6.
90% of the stock is currently owned by corporate insiders. Institutional Trading of First Interstate BancSystem Several institutional investors have recently modified their holdings of FIBK. Point72 DIFC Ltd bought a new stake in First Interstate BancSystem in the third quarter worth about $34,000.
Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of First Interstate BancSystem in the 3rd quarter worth approximately $69,000.
KBC Group NV raised its holdings in shares of First Interstate BancSystem by 34.1% in the 4th quarter. KBC Group NV now owns 4,018 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,022 shares in the last quarter.
CWM LLC lifted its stake in First Interstate BancSystem by 65.0% during the third quarter. CWM LLC now owns 5,152 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 2,029 shares during the last quarter.
Finally, Telos Capital Management Inc. bought a new stake in First Interstate BancSystem during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 88.
71% of the company’s stock. First Interstate BancSystem Company Profile ( Get Free Report ) 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.
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