Somewhat Positive Media Coverage Somewhat Unlikely to Impact First Interstate Bancsystem (FIBK) Stock Price
Media stories about First Interstate Bancsystem (NASDAQ:FIBK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Interstate Bancsystem earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.230828128735 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- ETFs with exposure to First Interstate BancSystem, Inc. (Montana) : December 25, 2017 (finance.yahoo.com)
- Analysts Anticipate First Interstate Bancsystem Inc (FIBK) to Post $0.65 EPS (americanbankingnews.com)
- First Interstate Bancsystem (FIBK) Earns Hold Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
- First Interstate Bancsystem Inc (FIBK) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of brokerages have issued reports on FIBK. Barclays set a $43.00 price objective on First Interstate Bancsystem and gave the company a “buy” rating in a research note on Wednesday, October 11th. ValuEngine downgraded First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price objective on shares of First Interstate Bancsystem in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.75.
First Interstate Bancsystem (NASDAQ:FIBK) traded down $0.35 during mid-day trading on Wednesday, hitting $40.60. The stock had a trading volume of 163,964 shares, compared to its average volume of 224,445. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $2,310.00, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.18. First Interstate Bancsystem has a 12 month low of $33.33 and a 12 month high of $45.35.
In other First Interstate Bancsystem news, Director Ross E. Leckie sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total value of $79,220.00. Following the completion of the transaction, the director now owns 21,028 shares in the company, valued at approximately $832,919.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ross E. Leckie sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $38.85, for a total value of $58,275.00. Following the completion of the transaction, the director now owns 23,028 shares of the company’s stock, valued at approximately $894,637.80. The disclosure for this sale can be found here. Insiders have sold a total of 114,525 shares of company stock valued at $4,240,874 in the last quarter. 38.22% of the stock is owned by corporate insiders.
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About First Interstate Bancsystem
First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.
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