Recent Analysts’ Ratings Changes for First Interstate Bancsystem (FIBK)

First Interstate Bancsystem (NASDAQ: FIBK) has recently received a number of price target changes and ratings updates:

  • 10/16/2019 – First Interstate Bancsystem was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/8/2019 – First Interstate Bancsystem was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 10/2/2019 – First Interstate Bancsystem was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/2/2019 – First Interstate Bancsystem was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 9/25/2019 – First Interstate Bancsystem was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 9/19/2019 – First Interstate Bancsystem was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 9/12/2019 – First Interstate Bancsystem was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 9/6/2019 – First Interstate Bancsystem was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “
  • 8/28/2019 – First Interstate Bancsystem was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/27/2019 – First Interstate Bancsystem was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana. “

Shares of FIBK opened at $42.70 on Wednesday. The company’s fifty day moving average is $40.31 and its 200 day moving average is $39.71. First Interstate Bancsystem Inc has a fifty-two week low of $34.61 and a fifty-two week high of $43.97. The stock has a market capitalization of $2.73 billion, a PE ratio of 14.62, a P/E/G ratio of 1.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 0.82.

First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $163.66 million. First Interstate Bancsystem had a return on equity of 10.24% and a net margin of 24.08%. As a group, research analysts forecast that First Interstate Bancsystem Inc will post 3.06 earnings per share for the current year.

In other news, Director Ross E. Leckie sold 1,219 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $39.27, for a total transaction of $47,870.13. Following the completion of the sale, the director now directly owns 17,027 shares of the company’s stock, valued at $668,650.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ross E. Leckie sold 3,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.60, for a total transaction of $121,800.00. Following the sale, the director now directly owns 14,027 shares of the company’s stock, valued at $569,496.20. The disclosure for this sale can be found here. 24.93% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in First Interstate Bancsystem by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,326 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 835 shares in the last quarter. Denali Advisors LLC lifted its position in shares of First Interstate Bancsystem by 104.6% during the 3rd quarter. Denali Advisors LLC now owns 44,400 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 22,700 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Interstate Bancsystem by 15.7% during the 2nd quarter. Royal Bank of Canada now owns 33,447 shares of the financial services provider’s stock valued at $1,325,000 after buying an additional 4,545 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of First Interstate Bancsystem by 94.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,051 shares of the financial services provider’s stock valued at $200,000 after buying an additional 2,451 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in shares of First Interstate Bancsystem during the 2nd quarter valued at approximately $233,000. 49.17% of the stock is owned by institutional investors.

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.

Further Reading: Market Indexes

Receive News & Ratings for First Interstate Bancsystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate Bancsystem Inc and related companies with MarketBeat.com's FREE daily email newsletter.