In a report issued on March 19, Gordon McGuire from Stephens maintained a Buy rating on First Interstate Bancsystem (FIBK), with a price target of $47. The company’s shares closed yesterday at $40.37.
First Interstate Bancsystem has an analyst consensus of Strong Buy, with a price target consensus of $45.33.
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Based on First Interstate Bancsystem’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $40.4 million. In comparison, last year the company had a net profit of $34.27 million.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is neutral on the stock. Last month, William Ebzery, a Director at FIBK bought 10,867 shares for a total of $151,264.
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First Interstate BancSystem, Inc. (Montana) is a holding company, which engages in the provision of commercial and consumer banking services. The firm also offers internet, mobile, and financial services.