First Interstate BancSystem Inc. (NASDAQ:FIBK) has been given an average recommendation of “Hold” by the six analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.33.

A number of analysts have issued reports on FIBK shares. FIG Partners reaffirmed a “market perform” rating on shares of First Interstate BancSystem in a research note on Wednesday, July 27th. Barclays PLC reaffirmed a “buy” rating and issued a $31.00 price objective on shares of First Interstate BancSystem in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised First Interstate BancSystem from a “sell” rating to a “hold” rating in a research note on Friday, July 29th.

Shares of First Interstate BancSystem (NASDAQ:FIBK) opened at 36.05 on Wednesday. First Interstate BancSystem has a 52 week low of $24.92 and a 52 week high of $38.75. The company has a 50-day moving average price of $32.98 and a 200-day moving average price of $30.03. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 17.25 and a beta of 0.97.

First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings data on Monday, October 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. First Interstate BancSystem had a return on equity of 9.66% and a net margin of 22.52%. Equities analysts anticipate that First Interstate BancSystem will post $2.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a dividend of $0.22 per share. The ex-dividend date was Thursday, October 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. This is an increase from First Interstate BancSystem’s previous quarterly dividend of $0.20. First Interstate BancSystem’s payout ratio is currently 42.11%.

In other news, Director Jonathan R. Scott sold 960 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $30.20, for a total transaction of $28,992.00. Following the transaction, the director now owns 49,858 shares of the company’s stock, valued at approximately $1,505,711.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 38.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in First Interstate BancSystem by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,608,773 shares of the financial services provider’s stock valued at $45,206,000 after buying an additional 104,581 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of First Interstate BancSystem by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,174,028 shares of the financial services provider’s stock valued at $32,989,000 after buying an additional 61,576 shares during the period. Macquarie Group Ltd. increased its position in shares of First Interstate BancSystem by 1.6% in the second quarter. Macquarie Group Ltd. now owns 957,881 shares of the financial services provider’s stock valued at $26,916,000 after buying an additional 15,525 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Interstate BancSystem by 10.6% in the second quarter. JPMorgan Chase & Co. now owns 807,556 shares of the financial services provider’s stock valued at $22,693,000 after buying an additional 77,575 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of First Interstate BancSystem by 1.7% in the second quarter. Vanguard Group Inc. now owns 759,382 shares of the financial services provider’s stock valued at $21,338,000 after buying an additional 12,698 shares during the period. 33.08% of the stock is currently owned by hedge funds and other institutional investors.

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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