The stock of First Interstate BancSystem Inc. (FIBK) has gone up by 0.51% for the week, with a 2.10% rise in the past month and a 1.75% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are 2.52% for FIBK. The simple moving average for the past 20 days is -1.76% for FIBK’s stock, with a 5.89% 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 12.15x compared to its average ratio. FIBK has 36-month beta value of 0.80. 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.”
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The public float for FIBK is 90.12M, and currently, short sellers hold a 2.43% ratio of that float. The average trading volume of FIBK on October 11, 2024 was 582.49K shares.
FIBK) stock’s latest price update
The stock of First Interstate BancSystem Inc. (NASDAQ: FIBK) has increased by 0.24 when compared to last closing price of 29.61.Despite this, the company has seen a gain of 0.51% in its stock price over the last five trading days. businesswire.com reported 2024-10-09 that BILLINGS, Mont.–(BUSINESS WIRE)–First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate or the “Company”) announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. “After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate,” said Stephen B. Bowman, First Interstate’s Board Chair. “Hav.
Analysts’ Opinion of FIBK
Many brokerage firms have already submitted their reports for FIBK stocks, with Wells Fargo repeating the rating for FIBK by listing it as a “Underweight.” The predicted price for FIBK in the upcoming period, according to Wells Fargo is $28 based on the research report published on October 01, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FIBK reach a price target of $28. The rating they have provided for FIBK stocks is “Equal Weight” according to the report published on March 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to FIBK, setting the target price at $25 in the report published on October 04th of the previous year.
FIBK Trading at -0.00% 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 -10.06% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.99% lower at present.
During the last 5 trading sessions, FIBK rose by +0.51%, which changed the moving average for the period of 200-days by -4.78% in comparison to the 20-day moving average, which settled at $30.21. In addition, First Interstate BancSystem Inc. saw -3.48% 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 HEYNEMAN JOHN M JR, who sale 550 shares at the price of $30.59 back on Aug 23 ’24. After this action, HEYNEMAN JOHN M JR now owns 1,415,151 shares of First Interstate BancSystem Inc., valued at $16,824 using the latest closing price.
RILEY KEVIN P, the President & CEO of First Interstate BancSystem Inc., purchase 6,820 shares at $31.62 during a trade that took place back on Jul 31 ’24, which means that RILEY KEVIN P is holding 113,825 shares at $215,648 based on the most recent closing price.
Stock Fundamentals for FIBK
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.91 for the gross margin
The net margin for First Interstate BancSystem Inc. stands at 0.31. The total capital return value is set at 0.02. Equity return is now at value 7.96, with 0.82 for asset returns.
Based on First Interstate BancSystem Inc. (FIBK), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 0.61.
Currently, EBITDA for the company is 336.8 million with net debt to EBITDA at 17.51. When we switch over and look at the enterprise to sales, we see a ratio of 7.19. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To put it simply, First Interstate BancSystem Inc. (FIBK) has had a better 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.
