First Interstate BancSystem Inc (NASDAQ: FIBK) is -1.94% lower on its value in year-to-date trading and has touched a low of $24.16 and a high of $36.77 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 $31.71 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $31.84, the stock is -2.94% and -3.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing 0.41% at the moment leaves the stock 7.43% off its SMA200. FIBK registered 5.01% gain for a year compared to 6-month gain of 11.29%. The firm has a 50-day simple moving average (SMA 50) of $33.1316 and a 200-day simple moving average (SMA200) of $29.6379.
The stock witnessed a -7.60% loss in the last 1 month and extending the period to 3 months gives it a 8.59%, and is -1.94% 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 2.93% over the week and 2.82% over the month.
First Interstate BancSystem Inc (FIBK) has around 3585 employees, a market worth around $3.33B and $1.47B in sales. Current P/E ratio is 13.97 and Fwd P/E is 12.84. Profit margin for the company is 15.99%. Distance from 52-week low is 31.79% and -13.41% from its 52-week high. The company has generated returns on investments over the last 12 months (6.42%).
The EPS is expected to shrink by -8.59% this year
317.0 institutions hold shares in First Interstate BancSystem Inc (FIBK), with institutional investors hold 92.37% of the company’s shares. The shares outstanding are 104.53M, and float is at 90.03M with Short Float at 2.59%. Institutions hold 79.50% 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 Scott James R. Jr, the company’s 10% Owner. SEC filings show that Scott James R. Jr sold 6,067 shares of the company’s common stock on Nov 22 ’24 at a price of $34.50 per share for a total of $0.21 million. Following the sale, the insider now owns 75387.0 shares.
Still, SEC filings show that on Nov 12 ’24, Scott Jonathan R (Director) disposed off 22,050 shares at an average price of $33.80 for $0.75 million. The insider now directly holds 965,210 shares of First Interstate BancSystem Inc (FIBK).
