Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Interstate Bancsystem (FIBK) Stock Price

Media coverage about First Interstate Bancsystem (NASDAQ:FIBK) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Interstate Bancsystem earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 43.9493835586724 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

First Interstate Bancsystem (FIBK) traded down $0.10 during trading on Tuesday, hitting $40.40. 255,200 shares of the stock traded hands, compared to its average volume of 225,183. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. First Interstate Bancsystem has a 1 year low of $33.33 and a 1 year high of $45.35. The company has a market capitalization of $2,235.62, a P/E ratio of 17.14, a PEG ratio of 1.88 and a beta of 1.18.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Wednesday, November 1st. Barclays set a $43.00 price target on shares of First Interstate Bancsystem and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, ValuEngine downgraded shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. First Interstate Bancsystem presently has an average rating of “Hold” and a consensus price target of $43.25.

In other news, Director Ross E. Leckie sold 2,000 shares of First Interstate Bancsystem stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.61, for a total transaction of $79,220.00. Following the completion of the sale, the director now owns 21,028 shares of the company’s stock, valued at $832,919.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ross E. Leckie sold 1,500 shares of First Interstate Bancsystem stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $38.85, for a total transaction of $58,275.00. Following the sale, the director now directly 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 114,525 shares of company stock valued at $4,240,874 in the last ninety days. Insiders own 38.22% of the company’s stock.

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First Interstate Bancsystem Company Profile

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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