Barclays Sticks to Their Buy Rating for First Interstate Bancsystem


Barclays analyst Matthew Keating maintained a Buy rating on First Interstate Bancsystem (NASDAQ: FIBK) on July 27 and set a price target of $48. The company’s shares closed on Friday at $43.35, close to its 52-week high of $44.95.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 6.2% and a 59.8% success rate. Keating covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Commerce Bancshares Inc, and First Financial Bancorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Interstate Bancsystem with a $48 average price target.

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The company has a one-year high of $44.95 and a one-year low of $33.33. Currently, First Interstate Bancsystem has an average volume of 188.5K.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Jonathan Scott, a Director at FIBK sold 15,244 shares for a total of $626,833.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Interstate BancSystem, Inc. (Montana) is a holding company, which engages in the provision of commercial and consumer banking services. It also offers internet, mobile, and financial services. The company was founded by Homer Scott Sr. in 1968 and is headquartered in Billings, MT.

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