A share price of First Interstate BancSystem Inc. [FIBK] is currently trading at $30.69, down -1.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FIBK shares have gain 5.25% over the last week, with a monthly amount drifted -2.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Interstate BancSystem Inc. [NASDAQ: FIBK] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $28. Previously, Wells Fargo downgraded its rating to Equal Weight on October 04, 2023, and kept the price target unchanged to $25. On March 15, 2023, UBS initiated with a Neutral rating and assigned a price target of $33 on the stock. Stephens upgraded its rating to a Overweight and decreased its price target to $43 on February 01, 2023. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $38 on January 30, 2023. Janney upgraded its rating to Buy for this stock on May 03, 2022, but kept the price target unchanged to $42. In a note dated May 02, 2022, Keefe Bruyette upgraded an Outperform rating on this stock but restated the target price of $45.
First Interstate BancSystem Inc. experienced fluctuations in its stock price throughout the past year between $20.81 and $33.00. Currently, Wall Street analysts expect the stock to reach $37 within the next 12 months. First Interstate BancSystem Inc. [NASDAQ: FIBK] shares were valued at $30.69 at the most recent close of the market. An investor can expect a potential return of 20.56% based on the average FIBK price forecast.
Analyzing the FIBK fundamentals
Trailing Twelve Months sales for First Interstate BancSystem Inc. [NASDAQ:FIBK] were 1.46B which represents 1.11% growth. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.45 points at the first support level, and at 30.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.15, and for the 2nd resistance point, it is at 31.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Interstate BancSystem Inc. [NASDAQ:FIBK] is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 12.57.
Transactions by insiders
Recent insider trading involved HEYNEMAN JOHN M JR, Director, that happened on Aug 23 ’24 when 550.0 shares were sold. President & CEO, RILEY KEVIN P completed a deal on Jul 31 ’24 to buy 6820.0 shares. Meanwhile, President & CEO RILEY KEVIN P bought 4412.0 shares on Aug 01 ’24.
