Somewhat Positive Media Coverage Somewhat Unlikely to Impact First Interstate BancSystem (FIBK) Share Price
Headlines about First Interstate BancSystem (NASDAQ:FIBK) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Interstate BancSystem earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.5761309369577 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of First Interstate BancSystem (FIBK) opened at 35.45 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.15 and a beta of 1.16. First Interstate BancSystem has a 52 week low of $30.70 and a 52 week high of $45.35. The firm’s 50-day moving average is $35.61 and its 200-day moving average is $37.67.
First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $116.50 million for the quarter, compared to analyst estimates of $119.97 million. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. On average, equities research analysts anticipate that First Interstate BancSystem will post $2.29 EPS for the current fiscal year.
A number of research analysts have commented on the stock. Zacks Investment Research cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods set a $43.00 target price on shares of First Interstate BancSystem and gave the company a “hold” rating in a research report on Saturday, May 27th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $43.00 target price (down previously from $44.00) on shares of First Interstate BancSystem in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. First Interstate BancSystem presently has a consensus rating of “Hold” and a consensus price target of $42.00.
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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.
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