Wells Fargo Maintains Their Buy Rating on First Interstate Bancsystem (FIBK)

Wells Fargo analyst Jared Shaw maintained a Buy rating on First Interstate Bancsystem (FIBKResearch Report) today and set a price target of $45.00. The company’s shares closed last Tuesday at $43.24.

According to TipRanks.com, Shaw is a 4-star analyst with an average return of 7.8% and a 56.5% success rate. Shaw covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, Pinnacle Financial Partners, and People’s United Financial.

Currently, the analyst consensus on First Interstate Bancsystem is a Moderate Buy with an average price target of $47.00.

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First Interstate Bancsystem’s market cap is currently $2.58B and has a P/E ratio of 13.64.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock.

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First Interstate BancSystem, Inc. is a financial holding company, which engages in the provision of community banking solutions. The company offers commercial and consumer banking services to individuals, businesses, municipalities, and other entities. It also provides internet, mobile, and other banking and financial services. The company was founded by Homer Scott Sr. in 1968 and is headquartered in Billings, MT.

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