First Interstate BancSystem Inc. (NASDAQ: FIBK) is 4.10% higher on its value in year-to-date trading and has touched a low of $20.81 and a high of $33.00 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 $31.96 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $32.01, the stock is 4.06% and 5.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 0.16% at the moment leaves the stock 14.00% off its SMA200. FIBK registered 47.65% gain for a year compared to 6-month gain of 18.78%. The firm has a 50-day simple moving average (SMA 50) of $30.382 and a 200-day simple moving average (SMA200) of $28.07825.
The stock witnessed a 7.45% loss in the last 1 month and extending the period to 3 months gives it a -1.05%, and is -2.53% 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 2.31% over the week and 2.28% over the month.
First Interstate BancSystem Inc. (FIBK) has around 3585 employees, a market worth around $3.35B and $1.46B in sales. Current P/E ratio is 13.11 and Fwd P/E is 12.80. Profit margin for the company is 17.28%. Distance from 52-week low is 53.82% and -3.00% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
The EPS is expected to shrink by -6.73% this year
297.0 institutions hold shares in First Interstate BancSystem Inc. (FIBK), with institutional investors hold 93.15% of the company’s shares. The shares outstanding are 103.94M, and float is at 90.12M with Short Float at 2.43%. Institutions hold 80.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.96 million shares valued at $248.81 million. The investor’s holdings represent 8.7117 of the FIBK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.6 million shares valued at $211.01 million to account for 7.3884 of the shares outstanding. The other top investors are FMR LLC which holds 6.99 million shares representing 6.7983 and valued at over $194.16 million, while FRANKLIN RESOURCES INC holds 5.5559 of the shares totaling 5.71 million with a market value of $158.68 million.
First Interstate BancSystem Inc. (FIBK) Insider Activity
The most recent transaction is an insider sale by HEYNEMAN JOHN M JR, the company’s Director. SEC filings show that HEYNEMAN JOHN M JR sold 550 shares of the company’s common stock on Aug 23 ’24 at a price of $30.59 per share for a total of $16824.0. Following the sale, the insider now owns 1.42 million shares.
First Interstate BancSystem Inc. disclosed in a document filed with the SEC on Jul 31 ’24 that RILEY KEVIN P (President & CEO) bought a total of 6,820 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $31.62 per share for $0.22 million. Following the transaction, the insider now directly holds 0.11 million shares of the FIBK stock.
Still, SEC filings show that on Aug 01 ’24, RILEY KEVIN P (President & CEO) acquired 4,412 shares at an average price of $29.93 for $0.13 million. The insider now directly holds 117,655 shares of First Interstate BancSystem Inc. (FIBK).
