The closing price of First Interstate BancSystem Inc. (NASDAQ: FIBK) was $26.66 for the day, up 0.26% from the previous closing price of $26.59. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 935744 shares were traded. FIBK stock price reached its highest trading level at $27.43 during the session, while it also had its lowest trading level at $26.57.
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Ratios:
Our analysis of FIBK’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 0.09.
On March 15, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $33.
Stephens Upgraded its Equal-Weight to Overweight on February 01, 2023, whereas the target price for the stock was revised from $44 to $43.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when Asker Lorrie F sold 1,921 shares for $26.05 per share. The transaction valued at 50,042 led to the insider holds 6,909 shares of the business.
Robbins Kristina sold 2,710 shares of FIBK for $69,999 on Feb 07 ’24. The EVP, Chief Operations Officer now owns 9,047 shares after completing the transaction at $25.83 per share. On Dec 14 ’23, another insider, Homer Scott Jr Trust, Homer Sc, who serves as the 10% Owner of the company, sold 1,000,000 shares for $32.14 each. As a result, the insider received 32,140,000 and left with 950,753 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 2.77B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.74, and their Forward P/E ratio for the next fiscal year is 10.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 0.86.
Stock Price History:
Over the past 52 weeks, FIBK has reached a high of $34.94, while it has fallen to a 52-week low of $20.81. The 50-Day Moving Average of the stock is 28.06, while the 200-Day Moving Average is calculated to be 26.14.
Shares Statistics:
FIBK traded an average of 782.13K shares per day over the past three months and 914.33k shares per day over the past ten 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 15, 2024 were 2.06M with a Short Ratio of 2.64, compared to 2.75M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.99% and a Short% of Float of 2.54%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.88, FIBK has a forward annual dividend rate of 1.88. Against a Trailing Annual Dividend Yield of 7.07%, it implies a Forward Annual Dividend Yield of 7.05%. The stock’s 5-year Average Dividend Yield is 4.43.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.5 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 $2.57, with 7 analysts recommending between $2.75 and $2.3.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. 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.
