First Interstate BancSystem Inc. (NASDAQ: FIBK) is -18.41% lower on its value in year-to-date trading and has touched a low of $20.81 and a high of $32.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FIBK stock was last observed hovering at around $24.97 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $25.09, the stock is -3.58% and -4.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 0.48% at the moment leaves the stock -4.89% off its SMA200. FIBK registered -15.01% loss for a year compared to 6-month gain of 2.95%.
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The stock witnessed a -4.60% loss in the last 1 month and extending the period to 3 months gives it a -16.53%, and is -2.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.88% over the month.
First Interstate BancSystem Inc. (FIBK) has around 3585 employees, a market worth around $2.61B and $1.43B in sales. Current P/E ratio is 10.11 and Fwd P/E is 9.80. Profit margin for the company is 18.07%. Distance from 52-week low is 20.57% and -22.89% from its 52-week high. The company has generated returns on investments over the last 12 months (7.33%).
First Interstate BancSystem Inc. quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $241.42M over the same period.The EPS is expected to shrink by -13.04% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -16.50% in year-over-year returns.
291 institutions hold shares in First Interstate BancSystem Inc. (FIBK), with institutional investors hold 93.26% of the company’s shares. The shares outstanding are 103.94M, and float is at 89.64M with Short Float at 3.03%. Institutions hold 80.79% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 8.7 million shares valued at $207.48 million. The investor’s holdings represent 8.29% of the FIBK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 7.43 million shares valued at $177.2 million to account for 7.08% of the shares outstanding. The other top investors are FMR, LLC which holds 6.42 million shares representing 6.12% and valued at over $153.13 million, while First Interstate Bank holds 5.79% of the shares totaling 6.08 million with a market value of $145.03 million.
First Interstate BancSystem Inc. (FIBK) Insider Activity
The most recent transaction is an insider sale by KNIERIEM KARLYN M, the company’s EVP, Chief Risk Officer. SEC filings show that KNIERIEM KARLYN M sold 2,900 shares of the company’s common stock on Mar 07 ’24 at a price of $26.76 per share for a total of $77604.0. Following the sale, the insider now owns 20599.0 shares.
First Interstate BancSystem Inc. disclosed in a document filed with the SEC on Mar 06 ’24 that Asker Lorrie F (Chief Banking Officer) sold a total of 1,921 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $26.05 per share for $50042.0. Following the transaction, the insider now directly holds 6909.0 shares of the FIBK stock.
Still, SEC filings show that on Feb 07 ’24, Robbins Kristina (EVP, Chief Operations Officer) disposed off 2,710 shares at an average price of $25.83 for $69999.0. The insider now directly holds 9,047 shares of First Interstate BancSystem Inc. (FIBK).
