Barclays Keeps Their Hold Rating on First Interstate Bancsystem (FIBK)
In a report released yesterday, Jared Shaw from Barclays maintained a Hold rating on First Interstate Bancsystem, with a price target of $36.00. The company’s shares closed yesterday at $36.14.
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According to TipRanks, Shaw is a 4-star analyst with an average return of 2.3% and a 56.94% success rate. Shaw covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Associated Banc-Corp, and Bank Of Hawaii.
In addition to Barclays, First Interstate Bancsystem also received a Hold from TipRanks – DeepSeek’s DeepSeek Banks – Regional in a report issued yesterday. However, on the same day, Piper Sandler maintained a Buy rating on First Interstate Bancsystem (NASDAQ: FIBK).
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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