Shares of First Interstate BancSystem Inc. (NASDAQ:FIBK) have received a consensus rating of “Hold” from the six research firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.00.

Several equities analysts recently weighed in on FIBK shares. Zacks Investment Research cut First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. FIG Partners reissued a “market perform” rating on shares of First Interstate BancSystem in a research report on Wednesday, July 27th. Finally, Barclays PLC upped their price target on First Interstate BancSystem from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, October 11th.

First Interstate BancSystem (NASDAQ:FIBK) opened at 31.75 on Wednesday. The firm’s 50-day moving average price is $31.34 and its 200-day moving average price is $29.11. First Interstate BancSystem has a 12 month low of $24.92 and a 12 month high of $32.67. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 16.04 and a beta of 1.09.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Monday, July 25th. The financial services provider reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. First Interstate BancSystem had a return on equity of 9.52% and a net margin of 21.57%. Equities research analysts predict that First Interstate BancSystem will post $2.11 earnings per share for the current year.

In other news, Director Jonathan R. Scott sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $29.07, for a total value of $116,280.00. Following the completion of the transaction, the director now directly owns 4,958 shares of the company’s stock, valued at approximately $144,129.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan R. Scott sold 960 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $30.20, for a total value of $28,992.00. Following the completion of the transaction, the director now directly owns 49,858 shares of the company’s stock, valued at $1,505,711.60. The disclosure for this sale can be found here. 38.22% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of FIBK. First Trust Advisors LP boosted its position in shares of First Interstate BancSystem by 0.5% in the second quarter. First Trust Advisors LP now owns 20,814 shares of the financial services provider’s stock worth $585,000 after buying an additional 113 shares during the last quarter. US Bancorp DE raised its stake in First Interstate BancSystem by 3.2% in the second quarter. US Bancorp DE now owns 4,576 shares of the financial services provider’s stock worth $129,000 after buying an additional 141 shares during the period. BlackRock Advisors LLC raised its stake in First Interstate BancSystem by 5.3% in the second quarter. BlackRock Advisors LLC now owns 9,388 shares of the financial services provider’s stock worth $264,000 after buying an additional 476 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in First Interstate BancSystem by 4.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,208 shares of the financial services provider’s stock worth $399,000 after buying an additional 565 shares during the period. Finally, Strs Ohio raised its stake in First Interstate BancSystem by 8.6% in the second quarter. Strs Ohio now owns 13,900 shares of the financial services provider’s stock worth $390,000 after buying an additional 1,100 shares during the period. 32.96% of the stock is owned by institutional investors and hedge funds.

About First Interstate BancSystem

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company operates through community banking segment.

5 Day Chart for NASDAQ:FIBK

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