Wells Fargo analyst Timur Braziler maintained a Hold rating on First Interstate Bancsystem (FIBK – Research Report) yesterday and set a price target of $24.00. The company’s shares closed yesterday at $27.00.
According to TipRanks, Braziler is a 3-star analyst with an average return of 2.1% and a 50.63% success rate. Braziler covers the Financial sector, focusing on stocks such as Columbia Banking System, East West Bancorp, and Popular.
Currently, the analyst consensus on First Interstate Bancsystem is a Hold with an average price target of $28.20, implying a 4.44% upside from current levels. In a report released on April 3, Barclays also maintained a Hold rating on the stock with a $28.00 price target.
Based on First Interstate Bancsystem’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $255.7 million and a net profit of $72.7 million. In comparison, last year the company earned a revenue of $289.7 million and had a net profit of $85.7 million
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIBK in relation to earlier this year.
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First Interstate Bancsystem (FIBK) Company Description:
First Interstate BancSystem, Inc. is a financial holding company, which engages in the provision of community banking solutions. The company offers commercial and consumer banking services to individuals, businesses, municipalities, and other entities. It also provides internet, mobile, and other banking and financial services. The company was founded by Homer Scott Sr. in 1968 and is headquartered in Billings, MT.
