In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on First Interstate Bancsystem (FIBK – Research Report), with a price target of $28.00. The company’s shares closed yesterday at $26.57.
According to TipRanks, Mcgratty is a 5-star analyst with an average return of 9.9% and a 63.32% success rate. Mcgratty covers the Financial sector, focusing on stocks such as NY Community, First Interstate Bancsystem, and Old National Bancorp Capital.
Currently, the analyst consensus on First Interstate Bancsystem is a Hold with an average price target of $28.20, implying a 6.13% upside from current levels. In a report released on April 10, Wells Fargo also assigned a Hold rating to the stock with a $24.00 price target.
The company has a one-year high of $31.95 and a one-year low of $19.93. Currently, First Interstate Bancsystem has an average volume of 906.4K.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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