Recent exceptional negative changes in investment behavior have affected First Interstate BancSystem Inc (NASDAQ: FIBK): negative upside/downside volume developed, and the stock fell on very heavy volume.
First Interstate BancSystem Inc (NASDAQ: FIBK) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
FIBK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First Interstate BancSystem has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Interstate BancSystem has a good Power Rating of 71 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
Recent Price Action
On 3/6/24, First Interstate BancSystem Inc (NASDAQ: FIBK) stock declined by -3.7%, closing at $26.59. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.7% during the last week.
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