The stock of First Interstate BancSystem Inc. (FIBK) has seen a -2.71% decrease in the past week, with a -4.60% drop in the past month, and a -16.53% decrease in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.88% for FIBK.. The simple moving average for the past 20 days is -3.58% for FIBK’s stock, with a -4.89% simple moving average for the past 200 days.
Is It Worth Investing in First Interstate BancSystem Inc. (NASDAQ: FIBK) Right Now?
First Interstate BancSystem Inc. (NASDAQ: FIBK) has a higher price-to-earnings ratio of 10.11x compared to its average ratio. FIBK has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for FIBK is 89.64M, and currently, short sellers hold a 3.03% ratio of that float. The average trading volume of FIBK on April 12, 2024 was 895.94K shares.
FIBK) stock’s latest price update
First Interstate BancSystem Inc. (NASDAQ: FIBK) has experienced a rise in its stock price by 0.48 compared to its previous closing price of 24.97. However, the company has seen a fall of -2.71% in its stock price over the last five trading days. Business Wire reported 2024-04-05 that BILLINGS, Mont.–(BUSINESS WIRE)–First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Wednesday, April 24, 2024. A conference call for investors is scheduled for Thursday, April 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by tel.
Analysts’ Opinion of FIBK
Many brokerage firms have already submitted their reports for FIBK stocks, with Barclays repeating the rating for FIBK by listing it as a “Equal Weight.” The predicted price for FIBK in the upcoming period, according to Barclays is $28 based on the research report published on March 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see FIBK reach a price target of $25. The rating they have provided for FIBK stocks is “Equal Weight” according to the report published on October 04th, 2023.
UBS gave a rating of “Neutral” to FIBK, setting the target price at $33 in the report published on March 15th of the previous year.
FIBK Trading at -4.44% from the 50-Day Moving Average
After a stumble in the market that brought FIBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.89% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.05% lower at present.
During the last 5 trading sessions, FIBK fell by -2.71%, which changed the moving average for the period of 200-days by +6.18% in comparison to the 20-day moving average, which settled at $25.97. In addition, First Interstate BancSystem Inc. saw -18.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIBK starting from KNIERIEM KARLYN M, who sale 2,900 shares at the price of $26.76 back on Mar 07 ’24. After this action, KNIERIEM KARLYN M now owns 20,599 shares of First Interstate BancSystem Inc., valued at $77,604 using the latest closing price.
Asker Lorrie F, the Chief Banking Officer of First Interstate BancSystem Inc., sale 1,921 shares at $26.05 during a trade that took place back on Mar 06 ’24, which means that Asker Lorrie F is holding 6,909 shares at $50,042 based on the most recent closing price.
Stock Fundamentals for FIBK
Current profitability levels for the company are sitting at:
- 0.85 for the present operating margin
- 0.91 for the gross margin
The net margin for First Interstate BancSystem Inc. stands at 0.44. The total capital return value is set at 0.04. Equity return is now at value 8.17, with 0.82 for asset returns.
Based on First Interstate BancSystem Inc. (FIBK), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 0.98.
Currently, EBITDA for the company is 336.8 million with net debt to EBITDA at 6.15. When we switch over and look at the enterprise to sales, we see a ratio of 9.69. The receivables turnover for the company is 4.55for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To put it simply, First Interstate BancSystem Inc. (FIBK) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
