Several analysts have raised their ratings on the stock of First Interstate Bancorp, which, along with many bank shares, has come down in price approximately 10% in the past few weeks.

On Monday, it fell 87.5 cents to $71.125. While rising rates are proving costly to some banks, analysts say First Interstate is well-positioned to benefit from the new environment. They figure this will be reflected in the stock price as investors begin to differentiate between bank issues after the continued broad selloff in the banking sector.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.