First Interstate Bancsystem Inc (NASDAQ:FIBK) Q2 2018 Sentiment Report

Sentiment for First Interstate Bancsystem Inc (NASDAQ:FIBK)

First Interstate Bancsystem Inc (NASDAQ:FIBK) institutional sentiment increased to 1.3 in 2018 Q2. Its up 0.23, from 1.07 in 2018Q1. The ratio is more positive, as 69 investment professionals increased or opened new stock positions, while 53 sold and reduced stakes in First Interstate Bancsystem Inc. The investment professionals in our partner’s database reported: 27.29 million shares, up from 25.39 million shares in 2018Q1. Also, the number of investment professionals holding First Interstate Bancsystem Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 34 Increased: 55 New Position: 14.

First Interstate BancSystem, Inc. operates as the bank holding firm for First Interstate Bank that provides range of banking services and products in the United States. The company has market cap of $2.44 billion. The Company’s deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. It has a 15.02 P/E ratio. The companyÂ’s loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans.

The stock decreased 0.67% or $0.27 during the last trading session, reaching $40.23. About 222,103 shares traded. First Interstate BancSystem, Inc. (NASDAQ:FIBK) has risen 27.51% since December 7, 2017 and is uptrending. It has outperformed by 11.89% the S&P500.

Analysts await First Interstate BancSystem, Inc. (NASDAQ:FIBK) to report earnings on January, 29. They expect $0.76 EPS, up 33.33 % or $0.19 from last year’s $0.57 per share. FIBK’s profit will be $46.06M for 13.23 P/E if the $0.76 EPS becomes a reality. After $0.75 actual EPS reported by First Interstate BancSystem, Inc. for the previous quarter, Wall Street now forecasts 1.33 % EPS growth.

First Interstate Bank holds 1.4% of its portfolio in First Interstate BancSystem, Inc. for 149,892 shares. Phocas Financial Corp. owns 254,989 shares or 0.93% of their US portfolio. Moreover, Piermont Capital Management Inc. has 0.72% invested in the company for 55,500 shares. The Maryland-based Clearbridge Llc has invested 0.51% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 100,000 shares.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $1.06 million activity.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Ratings Coverage

Ratings analysis reveals 50% of First Interstate BancSys’s analysts are positive. Out of 2 Wall Street analysts rating First Interstate BancSys, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $50 while the high is $52. The stock’s average target of $51 is 26.77% above today’s ($40.23) share price. FIBK was included in 2 notes of analysts from October 12, 2018. The rating was maintained by DA Davidson on Friday, October 12 with “Neutral”.

More notable recent First Interstate BancSystem, Inc. (NASDAQ:FIBK) news were published by: Streetinsider.com which released: “Form S-4 FIRST INTERSTATE BANCSYS – StreetInsider.com” on November 28, 2018, also Nasdaq.com with their article: “Q2 Earnings Season Showing Strong Revenue Momentum – Nasdaq” published on July 20, 2018, Finance.Yahoo.com published: “Akamai (AKAM) Updates Guidance, shares Down More Than 2% – Yahoo Finance” on June 27, 2018. More interesting news about First Interstate BancSystem, Inc. (NASDAQ:FIBK) were released by: Businesswire.com and their article: “First Interstate BancSystem, Inc. Announces Appointment of Chief Banking Officer West – Business Wire” published on September 05, 2017 as well as Nasdaq.com‘s news article titled: “Commerce Bancshares (CBSH) Beats on Q3 Earnings, Costs Rise – Nasdaq” with publication date: October 12, 2018.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Institutional Positions Chart

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