First Interstate BancSystem Inc. (NASDAQ: FIBK) is 4.55% higher on its value in year-to-date trading and has touched a low of $20.81 and a high of $32.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FIBK stock was last observed hovering at around $31.60 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $32.15, the stock is 10.06% and 16.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 1.74% at the moment leaves the stock 19.55% off its SMA200. FIBK registered 16.36% gain for a year compared to 6-month loss of 10.44%.
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The stock witnessed a 22.29% gain in the last 1 month and extending the period to 3 months gives it a 21.00%, and is 2.95% up 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 3.51% over the week and 2.98% over the month.
First Interstate BancSystem Inc. (FIBK) has around 3585 employees, a market worth around $3.36B and $1.46B in sales. Current P/E ratio is 12.83 and Fwd P/E is 12.45. Profit margin for the company is 17.81%. Distance from 52-week low is 54.49% and -1.23% from its 52-week high. The company has generated returns on investments over the last 12 months (6.93%).
The EPS is expected to shrink by -8.12% this year
The shares outstanding are 103.94M, and float is at 89.78M with Short Float at 2.82%.
First Interstate BancSystem Inc. (FIBK) Insider Activity
The most recent transaction is an insider sale by SCOTT JULIE A, the company’s 10% Owner. SEC filings show that SCOTT JULIE A sold 102,430 shares of the company’s common stock on Jun 12 ’24 at a price of $26.14 per share for a total of $2.68 million. Following the sale, the insider now owns 0.73 million shares.
First Interstate BancSystem Inc. disclosed in a document filed with the SEC on Jun 12 ’24 that Scott Jonathan R (Director) sold a total of 14,403 shares of the company’s common stock. The trade occurred on Jun 12 ’24 and was made at $26.14 per share for $0.38 million. Following the transaction, the insider now directly holds 1.01 million shares of the FIBK stock.
Still, SEC filings show that on Jun 11 ’24, SCOTT JULIE A (10% Owner) disposed off 209,831 shares at an average price of $25.29 for $5.31 million. The insider now directly holds 879,869 shares of First Interstate BancSystem Inc. (FIBK).
