Somewhat Favorable News Coverage Somewhat Unlikely to Impact First Interstate Bancsystem (FIBK) Share Price

Press coverage about First Interstate Bancsystem (NASDAQ:FIBK) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Interstate Bancsystem earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 44.2002847680785 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

First Interstate Bancsystem (NASDAQ FIBK) opened at $40.30 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $2,269.49, a P/E ratio of 20.25, a P/E/G ratio of 1.65 and a beta of 1.18. First Interstate Bancsystem has a twelve month low of $33.33 and a twelve month high of $45.35.

Several brokerages have weighed in on FIBK. Barclays boosted their price objective on First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 target price on shares of First Interstate Bancsystem in a report on Friday, December 22nd. ValuEngine downgraded First Interstate Bancsystem from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.75.

In other First Interstate Bancsystem news, major shareholder Homer A. Scott, Jr. sold 10,100 shares of the stock in a transaction on Saturday, November 4th. The stock was sold at an average price of $28.46, for a total value of $287,446.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ross E. Leckie sold 2,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total value of $79,220.00. Following the completion of the transaction, the director now owns 21,028 shares of the company’s stock, valued at approximately $832,919.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,525 shares of company stock valued at $4,240,874. 38.22% of the stock is owned by corporate insiders.

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About First Interstate Bancsystem

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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