News coverage about First Interstate BancSystem (NASDAQ:FIBK) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.1897872605466 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of First Interstate BancSystem (NASDAQ:FIBK) opened at 34.00 on Monday. The company’s 50-day moving average price is $35.80 and its 200-day moving average price is $37.96. First Interstate BancSystem has a one year low of $30.10 and a one year high of $45.35. The stock has a market cap of $1.92 billion, a PE ratio of 16.45 and a beta of 1.16.
First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $119.97 million. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. Equities research analysts anticipate that First Interstate BancSystem will post $2.29 earnings per share for the current year.
FIBK has been the topic of a number of recent research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $43.00 price target (down previously from $44.00) on shares of First Interstate BancSystem in a research report on Thursday, June 1st. BidaskClub raised First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research cut First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. ValuEngine cut First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company raised First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. 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 has a consensus rating of “Hold” and an average price target of $42.00.
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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