First Interstate BancSystem Inc.’s recent filing unveils that its EVP, Chief Risk Officer KNIERIEM KARLYN M unloaded Company’s shares for reported $77604.0 on Mar 07 ’24. In the deal valued at $26.76 per share,2,900 shares were sold. As a result of this transaction, KNIERIEM KARLYN M now holds 20,599 shares worth roughly $0.56 million.
Then, Asker Lorrie F sold 1,921 shares, generating $50,042 in total proceeds. Upon selling the shares at $26.05, the Chief Banking Officer now owns 6,909 shares.
Before that, Robbins Kristina sold 2,710 shares. First Interstate BancSystem Inc. shares valued at $69,999 were divested by the EVP, Chief Operations Officer at a price of $25.83 per share. As a result of the transaction, Robbins Kristina now holds 9,047 shares, worth roughly $0.24 million.
Barclays initiated its First Interstate BancSystem Inc. [FIBK] rating to an Equal weight in a research note published on March 08, 2024; the price target was $28. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. UBS began covering FIBK with “Neutral” recommendation on March 15, 2023. Stephens revised its rating on February 01, 2023. It rated FIBK as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of FIBK
On Tuesday, First Interstate BancSystem Inc. [NASDAQ:FIBK] saw its stock jump 2.54% to $27.00. Over the last five days, the stock has gained 5.55%. First Interstate BancSystem Inc. shares have fallen nearly -12.20% since the year began. Nevertheless, the stocks have fallen -9.30% over the past one year. While a 52-week high of $32.54 was reached on 01/02/24, a 52-week low of $20.81 was recorded on 02/13/24. SMA at 50 days reached $26.34, while 200 days put it at $26.37. A total of 0.58 million shares were traded, compared to the trading of 0.57 million shares in the previous session.
Levels Of Support And Resistance For FIBK Stock
The 24-hour chart illustrates a support level at 26.59, which if violated will result in even more drops to 26.19. On the upside, there is a resistance level at 27.21. A further resistance level may holdings at 27.42. The Relative Strength Index (RSI) on the 14-day chart is 55.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.57%. Stochastics %K at 54.40% indicates the stock is a holding.
How much short interest is there in First Interstate BancSystem Inc.?
A steep rise in short interest was recorded in First Interstate BancSystem Inc. stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.06 million shares. There was a rise of 10.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.3.
