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Analysts review First Interstate BancSystem Inc.’s rating

In a filing, First Interstate BancSystem Inc. revealed its 10% Owner SCOTT JULIE A unloaded Company’s shares for reported $2.68 million on Jun 12 ’24. In the deal valued at $26.14 per share,102,430 shares were sold. As a result of this transaction, SCOTT JULIE A now holds 727,439 shares worth roughly $18.35 million.

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Then, Scott Jonathan R sold 14,403 shares, generating $376,494 in total proceeds. Upon selling the shares at $26.14, the Director now owns 1,007,260 shares.

Before that, SCOTT JULIE A sold 209,831 shares. First Interstate BancSystem Inc. shares valued at $5,306,626 were divested by the 10% Owner at a price of $25.29 per share. As a result of the transaction, SCOTT JULIE A now holds 879,869 shares, worth roughly $22.2 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 Friday, First Interstate BancSystem Inc. [NASDAQ:FIBK] saw its stock fall -2.92% to $25.23. Over the last five days, the stock has lost -3.48%. First Interstate BancSystem Inc. shares have fallen nearly -17.95% since the year began. While a 52-week high of $32.54 was reached on 01/02/24, a 52-week low of $20.81 was recorded on 04/16/24. SMA at 50 days reached $26.54, while 200 days put it at $26.43. A total of 0.57 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For FIBK Stock

The 24-hour chart illustrates a support level at 24.93, which if violated will result in even more drops to 24.64. On the upside, there is a resistance level at 25.66. A further resistance level may holdings at 26.10. The Relative Strength Index (RSI) on the 14-day chart is 36.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.59%. Stochastics %K at 27.71% indicates the stock is a holding.

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