The price-to-earnings ratio for First Interstate BancSystem Inc (NASDAQ: FIBK) is above average at 14.30x, Company’s 36-month beta value is 0.81.Analysts have differing opinions 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 90.12M, and currently, short sellers hold a 2.39% ratio of that floaft. The average trading volume of FIBK on November 08, 2024 was 513.11K shares.
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FIBK) stock’s latest price update
The stock price of First Interstate BancSystem Inc (NASDAQ: FIBK) has plunged by -5.34 when compared to previous closing price of 34.45, but the company has seen a 5.88% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-25 that First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nancy Vermeulen – Financial Communications and Analyst Manager Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer Conference Call Participants Matthew Clark – Piper Sandler Andrew Terrell – Stephens Jared Shaw – Barclays Tim Coffey – Janney Timur Braziler – Wells Fargo Nick Moutafakis – KBW Operator Good morning, everyone, and welcome to the First Interstate BancSystem Third Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.
FIBK’s Market Performance
FIBK’s stock has risen by 5.88% in the past week, with a monthly rise of 10.13% and a quarterly rise of 15.31%. The volatility ratio for the week is 3.31% while the volatility levels for the last 30 days are 2.76% for First Interstate BancSystem Inc The simple moving average for the last 20 days is 3.14% for FIBK stock, with a simple moving average of 15.66% for the last 200 days.
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 “Underweight.” The predicted price for FIBK in the upcoming period, according to Barclays is $30 based on the research report published on October 31, 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 $28, previously predicting the price at $30. The rating they have provided for FIBK stocks is “Underweight” according to the report published on October 01st, 2024.
Barclays gave a rating of “Equal Weight” to FIBK, setting the target price at $28 in the report published on March 08th of the current year.
FIBK Trading at 6.19% 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 -5.56% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +9.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.79% upper at present.
During the last 5 trading sessions, FIBK rose by +5.88%, which changed the moving average for the period of 200-days by +12.02% in comparison to the 20-day moving average, which settled at $31.62. In addition, First Interstate BancSystem Inc saw 6.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIBK starting from Juliana Sarah Scott Rose Trust, who proposed sale 12,300 shares at the price of $34.45 back on Nov 07 ’24. After this action, Juliana Sarah Scott Rose Trust now owns shares of First Interstate BancSystem Inc, valued at $423,735 using the latest closing price.
Elizabeth Lauren Scott Rose Tr, the Member of immediate family of of First Interstate BancSystem Inc, proposed sale 12,300 shares at $34.45 during a trade that took place back on Nov 07 ’24, which means that Elizabeth Lauren Scott Rose Tr is holding shares at $423,735 based on the most recent closing price.
Stock Fundamentals for FIBK
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.91 for the gross margin
The net margin for First Interstate BancSystem Inc stands at 0.29. The total capital return value is set at 0.02. Equity return is now at value 7.30, with 0.78 for asset returns.
Based on First Interstate BancSystem Inc (FIBK), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 336.8 million with net debt to EBITDA at -2.22. When we switch over and look at the enterprise to sales, we see a ratio of 3.79. The receivables turnover for the company is 6.44for 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 0.06.
Conclusion
In a nutshell, First Interstate BancSystem Inc (FIBK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
