First Interstate Bancsystem Stock Today

FIBK Stock  USD 27.63  1.35  5.14%   

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First Interstate is selling for 27.63 as of the 28th of March 2024. This is a 5.14 percent increase since the beginning of the trading day. The stock's last reported lowest price was 26.34. First Interstate has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for First Interstate BancSystem are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
24th of March 2010
Category
Financial Services
Classification
Financials
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. The company was incorporated in 1971 and is headquartered in Billings, Montana. The company has 103.94 M outstanding shares of which 2.31 M shares are currently shorted by private and institutional investors with about 2.38 trading days to cover. More on First Interstate BancSystem

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First Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First Interstate's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Interstate or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOKevin Riley
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Financial 100, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering First Interstate report their recommendations after researching First Interstate's financial statements, talking to executives and customers, or listening in on First Interstate's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering First Interstate Ban. The First consensus assessment is calculated by taking the average forecast from all of the analysts covering First Interstate.
Financial Strength
Based on the measurements of operating efficiency obtained from First Interstate's historical financial statements, First Interstate BancSystem may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of First Interstate Ban is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.01080.0084
Significantly Up
Pretty Stable
Asset Turnover0.00460.0048
Notably Down
Slightly volatile
Gross Profit Margin0.950.5129
Way Up
Slightly volatile
Total Current Liabilities17.5 B16.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total11.3 B10.7 B
Sufficiently Up
Slightly volatile
Total Assets32.2 B30.7 B
Sufficiently Up
Slightly volatile
Total Current Assets687.4 M723.6 M
Notably Down
Very volatile
Total Cash From Operating Activities441 M420 M
Sufficiently Up
Slightly volatile
First Interstate's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to First Interstate's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand First Interstate's financial leverage. It provides some insight into what part of First Interstate's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on First Interstate's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how First Interstate deploys its capital and how much of that capital is borrowed.
Liquidity
First Interstate cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 3.67 B in liabilities with Debt to Equity (D/E) ratio of 0.12, which may suggest the company is not taking enough advantage from borrowing. Debt can assist First Interstate until it has trouble settling it off, either with new capital or with free cash flow. So, First Interstate's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Interstate Ban sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Interstate's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

796.5 Million
First Interstate BancSystem (FIBK) is traded on NASDAQ Exchange in USA. It is located in 401 North 31st Street, Billings, MT, United States, 59101 and employs 3,585 people. First Interstate is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.73 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Interstate's market, we take the total number of its shares issued and multiply it by First Interstate's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. First Interstate Ban conducts business under Banks sector and is part of Financials industry. The entity has 103.94 M outstanding shares of which 2.31 M shares are currently shorted by private and institutional investors with about 2.38 trading days to cover. First Interstate BancSystem currently holds about 591.9 M in cash with 420 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.67.
Check First Interstate Probability Of Bankruptcy
Ownership Allocation
First Interstate Ban retains a total of 103.94 Million outstanding shares. The majority of First Interstate BancSystem outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in First Interstate Ban to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in First Interstate. Please pay attention to any change in the institutional holdings of First Interstate BancSystem as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check First Ownership Details

First Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of First Interstate jumping above the current price in 90 days from now is about 45.05%. The First Interstate BancSystem probability density function shows the probability of First Interstate stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.0337. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, First Interstate will likely underperform. Additionally, first Interstate BancSystem has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 27.63HorizonTargetOdds Above 27.63
54.75%90 days
 27.63 
45.05%
Based on a normal probability distribution, the odds of First Interstate to move above the current price in 90 days from now is about 45.05 (This First Interstate BancSystem probability density function shows the probability of First Stock to fall within a particular range of prices over 90 days) .

First Stock Institutional Holders

Institutional Holdings refers to the ownership stake in First Interstate that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Interstate's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Interstate's value.
InstituionRecorded OnShares
Massachusetts Financial Services Company2023-12-31
1.9 M
Geode Capital Management, Llc2023-12-31
1.9 M
Millennium Management Llc2023-12-31
1.5 M
Hhg Plc2023-12-31
1.3 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.2 M
Bank Of New York Mellon Corp2023-12-31
1.2 M
Bank Of America Corp2023-12-31
1.1 M
Goldman Sachs Group Inc2023-12-31
943.9 K
Charles Schwab Investment Management Inc2023-12-31
931 K
Vanguard Group Inc2023-12-31
9.2 M
Blackrock Inc2023-12-31
8.3 M
View First Interstate Diagnostics

First Interstate Historical Income Statement

First Interstate BancSystem Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Interstate Ban revenue and expense. First Interstate Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, First Interstate's Total Other Income Expense Net is quite stable compared to the past year. Net Income is expected to rise to about 270.4 M this year, although the value of Gross Profit will most likely fall to about 71.6 M. View More Fundamentals

First Stock Against Markets

Picking the right benchmark for First Interstate stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Interstate stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Interstate is critical whether you are bullish or bearish towards First Interstate BancSystem at a given time. Please also check how First Interstate's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Interstate without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Interstate Corporate Directors

First Interstate corporate directors refer to members of a First Interstate board of directors. The board of directors generally takes responsibility for the First Interstate's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Interstate's board members must vote for the resolution. The First Interstate board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jonathan ScottDirector, Member of Technology and Bus. Process Improvement Committee and Commercial Bank Market Pres for The Jackson Wyoming Market of First Interstate BankProfile
David CrumIndependent DirectorProfile
David JahnkeIndependent DirectorProfile
Michael SullivanLead Independent DirectorProfile

How to buy First Stock?

Before investing in First Interstate, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First Interstate. To buy First Interstate stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Interstate. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase First Interstate stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located First Interstate BancSystem stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased First Interstate BancSystem stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as First Interstate BancSystem, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy First Stock please use our How to Invest in First Interstate guide.

Already Invested in First Interstate BancSystem?

The danger of trading First Interstate BancSystem is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Interstate is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Interstate. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Interstate Ban is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether First Interstate Ban is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Interstate Bancsystem Stock. Highlighted below are key reports to facilitate an investment decision about First Interstate Bancsystem Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Interstate BancSystem. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the First Interstate Ban information on this page should be used as a complementary analysis to other First Interstate's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running First Interstate's price analysis, check to measure First Interstate's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Interstate is operating at the current time. Most of First Interstate's value examination focuses on studying past and present price action to predict the probability of First Interstate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Interstate's price. Additionally, you may evaluate how the addition of First Interstate to your portfolios can decrease your overall portfolio volatility.
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Is First Interstate's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Interstate. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Interstate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Dividend Share
1.88
Earnings Share
2.48
Revenue Per Share
9.577
Quarterly Revenue Growth
(0.14)
The market value of First Interstate Ban is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Interstate's value that differs from its market value or its book value, called intrinsic value, which is First Interstate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Interstate's market value can be influenced by many factors that don't directly affect First Interstate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Interstate's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Interstate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Interstate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.