Is First Interstate BancSystem (FIBK) an Attractively Valued Stock?

Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The third quarter showed substantial gains for small-cap stocks, with the Russell 2000 index providing a total return of 9.27%. In the third quarter, the fund delivered a return of 7.40% net of fees (7.57% gross of fees) underperforming the Russell 2000 Index’s 9.27% total return. Both security selection and allocation effects drove the underperformance of the strategy in the quarter. For more information on...