The price of First Interstate BancSystem Inc. (NASDAQ: FIBK) closed at $26.30 in the last session, down -1.50% from day before closing price of $26.70. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 582038 shares were traded.
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Ratios:
We take a closer look at FIBK’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $28.
On October 04, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $25.
On March 15, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $33.UBS initiated its Neutral rating on March 15, 2023, with a $33 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when KNIERIEM KARLYN M sold 2,900 shares for $26.76 per share. The transaction valued at 77,604 led to the insider holds 20,599 shares of the business.
Asker Lorrie F sold 1,921 shares of FIBK for $50,042 on Mar 06 ’24. The Chief Banking Officer now owns 6,909 shares after completing the transaction at $26.05 per share. On Feb 07 ’24, another insider, Robbins Kristina, who serves as the EVP, Chief Operations Officer of the company, sold 2,710 shares for $25.83 each. As a result, the insider received 69,999 and left with 9,047 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FIBK now has a Market Capitalization of 2.73B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.60, and their Forward P/E ratio for the next fiscal year is 10.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 0.85.
Stock Price History:
Over the past 52 weeks, FIBK has reached a high of $34.41, while it has fallen to a 52-week low of $20.81. The 50-Day Moving Average of the stock is 27.67, while the 200-Day Moving Average is calculated to be 26.20.
Shares Statistics:
According to the various share statistics, FIBK traded on average about 797.77K shares per day over the past 3-months and 913.65k shares per day over the past 10 days. A total of 103.94M shares are outstanding, with a floating share count of 89.84M. Insiders hold about 13.56% of the company’s shares, while institutions hold 79.99% stake in the company. Shares short for FIBK as of Feb 29, 2024 were 2.28M with a Short Ratio of 2.85, compared to 2.64M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.19% and a Short% of Float of 2.80%.
Dividends & Splits
The forward annual dividend rate for FIBK is 1.88, which was 1.88 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 7.04%, it implies a Forward Annual Dividend Yield of 7.15%. The stock’s 5-year Average Dividend Yield is 4.43.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.51 for the current quarter, with a high estimate of $0.56 and a low estimate of $0.44, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.53, with high estimates of $0.56 and low estimates of $0.49.
Analysts are recommending an EPS of between $2.3 and $2.1 for the fiscal current year, implying an average EPS of $2.2. EPS for the following year is $2.6, with 8 analysts recommending between $2.78 and $2.3.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $241.92M. It ranges from a high estimate of $247M to a low estimate of $238.92M. As of the current estimate, First Interstate BancSystem Inc.’s year-ago sales were $289.11M, an estimated decrease of -16.30% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for FIBK’s current fiscal year. The highest revenue estimate was $1.01B, while the lowest revenue estimate was $995.53M, resulting in an average revenue estimate of $1B. In the same quarter a year ago, actual revenue was $1.03B, down -2.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.08B in the next fiscal year. The high estimate is $1.1B and the low estimate is $1.04B. The average revenue growth estimate for next year is up 7.50% from the average revenue estimate for this year.
