First Interstate BancSystem, Inc. (FIBK) PT Set at $43.00 by Barclays PLC
First Interstate BancSystem, Inc. (NASDAQ:FIBK) received a $43.00 price objective from research analysts at Barclays PLC in a report issued on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Barclays PLC’s price objective points to a potential upside of 11.54% from the company’s current price.
Several other brokerages also recently issued reports on FIBK. BidaskClub downgraded First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine downgraded First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. First Interstate BancSystem has an average rating of “Hold” and an average price target of $42.50.
Shares of First Interstate BancSystem (FIBK) traded down 0.77% on Wednesday, reaching $38.55. The company had a trading volume of 126,918 shares. The firm has a market capitalization of $2.18 billion, a PE ratio of 18.65 and a beta of 1.17. The company has a 50-day moving average price of $36.33 and a 200-day moving average price of $37.06. First Interstate BancSystem has a 52-week low of $30.70 and a 52-week high of $45.35.
First Interstate BancSystem (NASDAQ:FIBK) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $119.97 million. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. Equities research analysts forecast that First Interstate BancSystem will post $2.29 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Kennedy Capital Management Inc. acquired a new stake in shares of First Interstate BancSystem in the second quarter valued at about $2,020,000. LSV Asset Management grew its position in First Interstate BancSystem by 13.2% during the second quarter. LSV Asset Management now owns 618,585 shares of the financial services provider’s stock worth $23,011,000 after buying an additional 71,900 shares in the last quarter. Karp Capital Management Corp acquired a new stake in First Interstate BancSystem during the first quarter worth about $663,000. First Trust Advisors LP grew its position in First Interstate BancSystem by 196.5% during the second quarter. First Trust Advisors LP now owns 117,541 shares of the financial services provider’s stock worth $4,373,000 after buying an additional 77,901 shares in the last quarter. Finally, Context BH Capital Management LP acquired a new stake in First Interstate BancSystem during the second quarter worth about $690,000. 44.85% of the stock is currently owned by institutional investors.
First Interstate BancSystem Company Profile
First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.
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