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Friday, September 29, 2023

Taking On Challenges And Growing? – First Interstate BancSystem Inc. (FIBK)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for First Interstate BancSystem Inc. (FIBK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.15%, to $26.74. The First Interstate BancSystem Inc. has recorded 34,905 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Lorrie L. Asker Named Chief Banking Officer at First Interstate.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $26.70 and fluctuated between $26.74 as its day high and $26.14 as its day low. The current market capitalization of First Interstate BancSystem Inc. is $2.72B. A total of 0.48 million shares were traded on the day, compared to an average of 771.51K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FIBK has seen 5 BUY and 2 SELL insider trades, representing the acquisition of 13,153 and the disposition of 10,002 shares. Over the last 12 months, there were 47 BUYs and 49 SELLs from insiders. Insiders purchased 288,152 shares during that period but sold 701,259.

In the most recent transaction, RILEY KEVIN P bought 13,150 shares of FIBK for 26.06 per share on Jun 14. After the transaction, the President & CEO now owns 105,705 company shares. In a previous transaction on May 17, SCOTT JULIE A sold 62,223 shares at 23.07 per share. FIBK shares that 10% Owner owns now total 2,376,851.

Among the insiders who sold shares, Scott Jonathan R disposed of 23,250 shares on May 17 at a per-share price of $23.07. This resulted in the Director holding 954,670 shares of FIBK after the transaction. In another insider transaction, SCOTT JULIE A sold 8,027 shares at $23.14 per share on May 08. Company shares held by the 10% Owner now total 2,439,074.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. First Interstate BancSystem Inc. pays an annual dividend of $1.88, resulting in a dividend yield of 7.04%, and it has a price to earnings (P/E) ratio of 9.50. FIBK’s most recent ex-dividend date was 8/4/2023 when it declared a $0.47 quarterly dividend that was paid in cash on 8/17/2023. Previously, the company paid the dividend on 5/18/2023 with an ex-dividend date of 5/5/2023. The FIBK stock dividend was $0.47 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FIBK in the last 3 months, the mean price target is $30.00 with high estimates of $35.00 and low estimates of $28.00. In terms of 52-week highs and lows, FIBK has a high of $46.34 and a low of $21.03.

As of this writing, FIBK has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.57. The company reported an EPS of $0.54 in the last quarter, which was -32.50% lower than expectations of $0.8.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $30.06, while its Total Shareholder’s Equity was $1.99B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FIBK is Buy with a score of 3.86.

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