First Interstate BancSystem Inc (NASDAQ: FIBK) has reported earnings for its first fiscal quarter (ending March 31) of $0.57 versus $0.54 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.51 compared to $2.75 a year ago.
Recent Price Action
First Interstate BancSystem Inc (NASDAQ: FIBK) stock rose slightly by 0.2% on 4/24/24. The stock closed at $26.57. However, trading volume in this advance was below average at 81% of normal. The stock has performed in line with the market over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FIBK is expected to continue to be a modest Value Builder.
First Interstate BancSystem has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Interstate BancSystem has a very high Appreciation Score of 86 but a neutral Power Rating of 47, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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