GBCI - Buying Oversold FIBK $37: 4.47% Dividend Yield X-Div Feb. 9
- I have owned First Interstate (FIBK) since 2015.
- FIBK announced its acquisition of Great Western in Sept. and the merger closed Feb. 1.
- YTD FIBK shares are down 16%; the regional bank ETF is down .64%. Shares appear oversold.
- FIBK hit its one-year high at $50.82 in March 2021 at which time the bank's P/E was 15.5x, in line with ten-year history.
- I am a buyer today under $37.50 a share. Valuation, dividend, credit quality, funding, and interest rate sensitivity are attractive for my bank trading account.
For further details see:
Buying Oversold FIBK <$37: 4.47% Dividend Yield, X-Div Feb. 9