In the last three months, 5 analysts have published ratings on First Interstate BancSys (NASDAQ:FIBK), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $28.4, with a high estimate of $32.00 and a low estimate of $24.00. Observing a 7.86% increase, the current average has risen from the previous average price target of $26.33.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of First Interstate BancSys by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Mcgratty | Keefe, Bruyette & Woods | Raises | Market Perform | $29.00 | $28.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $29.00 | $28.00 |
| Andrew Terrell | Stephens & Co. | Maintains | Overweight | $32.00 | - |
| Timur Braziler | Wells Fargo | Raises | Equal-Weight | $24.00 | $23.00 |
| Jared Shaw | Barclays | Announces | Equal-Weight | $28.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to First Interstate BancSys. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of First Interstate BancSys compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of First Interstate BancSys's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of First Interstate BancSys's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on First Interstate BancSys analyst ratings.
All You Need to Know About First Interstate BancSys
First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates majority of income from interest charged on loans, and interest and dividends earned on investments.
First Interstate BancSys: Delving into Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: First Interstate BancSys's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -15.9%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: First Interstate BancSys's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 24.38%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): First Interstate BancSys's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): First Interstate BancSys's ROA excels beyond industry benchmarks, reaching 0.2%. This signifies efficient management of assets and strong financial health.
Debt Management: First Interstate BancSys's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.89, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.