First Interstate BancSystem Inc. (NASDAQ:FIBK) shares, rose in value, with the stock price up by 3.67% to the previous day’s close as strong demand from buyers drove the stock to $30.77.
Actively observing the price movement in the last trading, the stock closed the session at $29.68, falling within a range of $29.815 and $30.87. The value of beta (5-year monthly) was 0.81 whereas the PE ratio was 12.60 over 12-month period. Referring to stock’s 52-week performance, its high was $33.00, and the low was $20.81. On the whole, FIBK has fluctuated by 5.59% over the past month.
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With the market capitalization of First Interstate BancSystem Inc. currently standing at about $3.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-24. The company’s Forward Dividend Ratio is 1.88, with its dividend yield at 6.11%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 992.85M, with a low estimate of 248.32M and a high estimate of 252.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 250.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FIBK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.57, with the price of FIBK currently trading nearly 1.75% and 3.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.14, while the 7-day volatility ratio is showing 2.07% which for the 30-day chart, stands at 2.61%. Furthermore, First Interstate BancSystem Inc. (FIBK)’s beta value is 0.80, and its average true range (ATR) is 0.81.
A comparison of First Interstate BancSystem Inc. (FIBK) with its peers suggests the former has fared considerably weaker in the market. FIBK showed an intraday change of 3.67% in last session, and over the past year, it grew by 25.69%%.
Data on historical trading for First Interstate BancSystem Inc. (NASDAQ:FIBK) indicates that the trading volumes over the past 10 days have averaged 0.43 and over the past 3 months, they’ve averaged 586.46K. According to company’s latest data on outstanding shares, there are 103.94 million shares outstanding.
Nearly 13.80% of First Interstate BancSystem Inc.’s shares belong to company insiders and institutional investors own 78.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.19 million shares as on 2024-09-30, resulting in a short ratio of 4.18. According to the data, the short interest in First Interstate BancSystem Inc. (FIBK) stood at 275.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.59 million. The stock has risen by 0.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FIBK stock heading into the next quarter.
