FIBK Stock Summary and Trading Ideas (First Interstate Bancsystem | NASDAQ:FIBK)

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 Bancsystem trades on the NASDAQ stock market under the symbol FIBK.

As of December 13, 2024, FIBK stock price climbed to $34.08 with 731,061 million shares trading.

FIBK has a beta of 0.93, meaning it tends to be less sensitive to market movements. FIBK has a correlation of 0.14 to the broad based SPY ETF.

FIBK has a market cap of $3.56 billion. This is considered a Mid Cap stock.

Last quarter First Interstate Bancsystem reported $252 million in Revenue and $.54 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.04.

In the last 3 years, FIBK traded as high as $46.34 and as low as $20.81.

The top ETF exchange traded funds that FIBK belongs to (by Net Assets): IWM, VTI, VB, VBR, VXF.

FIBK has underperformed the market in the last year with a price return of +18.9% while the SPY ETF gained +29.9%. However, in the short term, FIBK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.4% vs +7.8% return in SPY. But in the last 2 weeks, FIBK shares have been beat by the market, returning -2.5% compared to an SPY return of +0.3%.

FIBK support price is $33.53 and resistance is $34.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIBK shares will trade within this expected range on the day.