Synovus, Popular, PNFP, FIBK cut at Wells Fargo on NII pressure, credit uncertainty Oct. 01, 2024 9:26 AM ET By: Max Gottlich , SA News Editor [Seeking Alpha]
First Interstate BancSystem, Inc. - Class A (FIBK)
Last first interstate bancsystem, inc. - class a earnings: 4/30 04:11 pm
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Source: Seeking Alpha
Financial Partners ( NASDAQ: PNFP ) and First Interstate BancSystem ( NASDAQ: FIBK ) on Tuesday as analyst Timur Braziler sees pressure on net interest income and uncertainty over credit through the end of the year as the Federal Reserve eases monetary policy with the hopes of sticking a soft landing. In all, the combination of rate cuts and no recession are "ultimately good for banks," Braziler wrote in a note to clients, though "NII pressure and credit uncertainty are negatives through YE." Synovus ( SNV ), which saw its stock slip 0.5% in premarket trading, was downgraded to Equal-Weight from Overweight on the view that faster rate cuts will would weigh on overall growth. Popular ( BPOP down 1.2% at press time, was cut to Equal-Weight given higher deposit costs in Q3 and public funds not repricing until Q1; Pinnacle Financial ( PNFP off 1.1% , was also lowered to Equal-Weight on slowing loan growth; and First Interstate ( FIBK , was pulled down to Equal-Weight due to "slo
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FIBK
News
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Discover First Bancorp And 2 Other Top US Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- Is First Interstate BancSystem (FIBK) an Attractively Valued Stock? [Yahoo! Finance]Yahoo! Finance
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) was downgraded by analysts at Barclays PLC from an "equal weight" rating to an "underweight" rating. They now have a $30.00 price target on the stock, down previously from $32.00.MarketBeat
FIBK
Earnings
- 10/24/24 - Miss
FIBK
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 144
- 11/12/24 - Form 4
- FIBK's page on the SEC website