Piper Sandler has decided to maintain its Overweight rating of First Interstate BancSys (NASDAQ:FIBK) and lower its price target from $35.00 to $32.00.

Shares of First Interstate BancSys are trading up 0.0% over the last 24 hours, at $22.81 per share.

A move to $32.00 would account for a 40.29% increase from the current share price.

About First Interstate BancSys

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 a majority of income from interest charged on loans, and interest and dividends earned on investments.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.