Somewhat Positive Media Coverage Somewhat Unlikely to Impact First Interstate Bancsystem (FIBK) Stock Price

Media coverage about First Interstate Bancsystem (NASDAQ:FIBK) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Interstate Bancsystem earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 43.7499749339418 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

First Interstate Bancsystem (NASDAQ FIBK) traded down $0.75 during midday trading on Tuesday, hitting $39.30. The stock had a trading volume of 287,770 shares, compared to its average volume of 223,398. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79. 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 $2,229.97, a P/E ratio of 17.10, a P/E/G ratio of 1.88 and a beta of 1.18.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, October 30th. First Interstate Bancsystem’s dividend payout ratio (DPR) is currently 48.24%.

In other news, 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 transaction, the director now owns 23,028 shares of the company’s stock, valued at $894,637.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Homer A. Scott, Jr. sold 10,100 shares of the firm’s stock in a transaction dated Saturday, November 4th. The stock was sold at an average price of $28.46, for a total value of $287,446.00. The disclosure for this sale can be found here. Insiders sold 113,032 shares of company stock worth $4,177,785 in the last ninety days. Corporate 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.

Insider Buying and Selling by Quarter for First Interstate Bancsystem (NASDAQ:FIBK)

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