Piper Sandler Sticks to Their Buy Rating for First Interstate Bancsystem (FIBK)

Piper Sandler analyst Matthew Clark maintained a Buy rating on First Interstate Bancsystem today and set a price target of $41.00.

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Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, First Interstate Bancsystem, and Banc of California. According to TipRanks, Clark has an average return of 10.8% and a 64.91% success rate on recommended stocks.

In a report released yesterday, KBW also maintained a Buy rating on the stock with a $39.00 price target.

Based on First Interstate Bancsystem’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $250.5 million and a net profit of $71.4 million. In comparison, last year the company earned a revenue of $374.4 million and had a net profit of $55.5 million

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIBK in relation to earlier this year. Earlier this month, Susan Scott Heyneman Trust, Susan Heyneman & First, a Major Shareholder at FIBK sold 10,000.00 shares for a total of $327,500.00.