Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Interstate BancSystem (FIBK) Share Price
News articles about First Interstate BancSystem (NASDAQ:FIBK) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of 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 impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.0767194184934 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Analysts Expect First Interstate BancSystem, Inc. (FIBK) Will Post Quarterly Sales of $135.02 Million (americanbankingnews.com)
- First Interstate BancSystem, Inc. (FIBK) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- ETFs with exposure to First Interstate BancSystem, Inc. (Montana) : October 3, 2017 (finance.yahoo.com)
- Roundtable: 1 Stock I'm Never Selling (finance.yahoo.com)
Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, August 1st. Barclays PLC reiterated an “overweight” rating and set a $41.00 price target on shares of First Interstate BancSystem in a report on Tuesday, June 13th. ValuEngine lowered First Interstate BancSystem from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub upgraded First Interstate BancSystem from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.00.
Shares of First Interstate BancSystem (NASDAQ:FIBK) opened at 38.75 on Wednesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 18.75 and a beta of 1.17. First Interstate BancSystem has a one year low of $30.70 and a one year high of $45.35. The stock’s 50 day moving average price is $36.33 and its 200 day moving average price is $37.06.
First Interstate BancSystem (NASDAQ:FIBK) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. The firm had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $119.97 million. Analysts expect that First Interstate BancSystem will post $2.29 EPS for the current fiscal year.
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.
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