First Interstate Bancsystem Inc (NASDAQ:FIBK) Institutional Investors Sentiment Unchanged in 2017 Q4

April 17, 2018 - By Marie Mckinney

Sentiment for First Interstate Bancsystem Inc (NASDAQ:FIBK)

First Interstate Bancsystem Inc (NASDAQ:FIBK) institutional sentiment decreased to 0.97 in 2017 Q4. Its down -0.34, from 1.31 in 2017Q3. The ratio worsened, as 65 investment managers opened new and increased holdings, while 67 decreased and sold positions in First Interstate Bancsystem Inc. The investment managers in our partner’s database now hold: 25.53 million shares, up from 25.03 million shares in 2017Q3. Also, the number of investment managers holding First Interstate Bancsystem Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 53 Increased: 45 New Position: 20.

First Interstate BancSystem, Inc. operates as the bank holding firm for First Interstate Bank that provides range of banking services and products in the United States. The company has market cap of $2.27 billion. The Company’s deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. It has a 19.56 P/E ratio. The companyÂ’s loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans.

The stock increased 0.38% or $0.15 during the last trading session, reaching $40.1. About 14,850 shares traded. First Interstate BancSystem, Inc. (NASDAQ:FIBK) has risen 0.64% since April 17, 2017 and is uptrending. It has underperformed by 10.91% the S&P500.

Analysts await First Interstate BancSystem, Inc. (NASDAQ:FIBK) to report earnings on April, 24. They expect $0.69 earnings per share, up 32.69 % or $0.17 from last year’s $0.52 per share. FIBK’s profit will be $39.13M for 14.53 P/E if the $0.69 EPS becomes a reality. After $0.57 actual earnings per share reported by First Interstate BancSystem, Inc. for the previous quarter, Wall Street now forecasts 21.05 % EPS growth.

Castine Capital Management Llc holds 2.86% of its portfolio in First Interstate BancSystem, Inc. for 210,000 shares. Hillcrest Asset Management Llc owns 270,820 shares or 1.95% of their US portfolio. Moreover, First Interstate Bank has 1.26% invested in the company for 147,695 shares. The California-based Phocas Financial Corp. has invested 0.91% in the stock. Basswood Capital Management L.L.C., a New York-based fund reported 336,274 shares.#img1#

Since January 1, 0001, it had 0 buys, and 7 insider sales for $10.76 million activity.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Ratings Coverage

Ratings analysis reveals 75% of First Interstate Bancsystem’s analysts are positive. Out of 4 Wall Street analysts rating First Interstate Bancsystem, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $45.0 while the high is $48.0. The stock’s average target of $46.50 is 15.96% above today’s ($40.1) share price. FIBK was included in 4 notes of analysts from December 21, 2017. The firm has “Buy” rating by Barclays Capital given on Tuesday, January 2. The stock of First Interstate BancSystem, Inc. (NASDAQ:FIBK) earned “Buy” rating by Piper Jaffray on Wednesday, January 31. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The stock has “Buy” rating by Sandler O’Neill on Thursday, March 29.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.