Piper Sandler Keeps Their Buy Rating on 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 Bank Of Marin Bancorp, Banner, and Columbia Banking System. According to TipRanks, Clark has an average return of 9.9% and a 62.13% success rate on recommended stocks.
In addition to Piper Sandler, First Interstate Bancsystem also received a Buy from TipRanks – xAI’s xAi Banks – Regional in a report issued today. However, on the same day, TipRanks – DeepSeek upgraded First Interstate Bancsystem (NASDAQ: FIBK) to a Hold.
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 56 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. Last 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.
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