Based on my limit knowledge on stability, and the lack of handy literatures, the most closely matched discussion/teaching on this subject I can find is from "Steel Structures - Design and Behavior", 2nd Ed. Ch. 6.15, by C. G. Salmon & J. E. Johnson.
For a plate subjected to uniform compression along the span length (a), the critical buckling stress is a function of E, poisson's ratio, b (cross section depth), t (plate thickness) & k (a constant depending on type of stress, edge support condition, and most interestingly, length to depth, a/b, aspect ratio). Fcr (ksi) = k*(Elastic Buckling Stress EQ).
From the figure provided, as a/b increases, k is approaching a constant (flat), its value is depending on the edge support condition. There is no case for both top and bottom edges free, but the worst case being top edge simply supported (clamped), and the bottom edge free. For such case, under axial compression, k = o.425. For your case, the corresponding Fcr = 43.5 ksi, which is lower than the stated Fy = 44 ksi. Not to mention it will get worse if the top edge is left free with concentrate loads. Watch out. You need to do more reasearch on this.
By the way, the article referred to reasearch/literature by Timoshenko & others.