First Interstate BancSystem, Inc. (NASDAQ:FIBK) insider Philip G. Gaglia sold 357 shares of First Interstate BancSystem stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $33.80, for a total value of $12,066.60. Following the completion of the transaction, the insider now owns 6,810 shares of the company’s stock, valued at approximately $230,178. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of First Interstate BancSystem, Inc. (FIBK) traded up 1.91% during trading on Monday, hitting $34.65. The stock had a trading volume of 25,302 shares. The stock has a 50-day moving average of $35.78 and a 200 day moving average of $37.89. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 16.76 and a beta of 1.16. First Interstate BancSystem, Inc. has a 12-month low of $30.10 and a 12-month high of $45.35.

First Interstate BancSystem (NASDAQ:FIBK) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $119.97 million. On average, analysts predict that First Interstate BancSystem, Inc. will post $2.29 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of First Interstate BancSystem by 622.6% in the second quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,559 shares during the period. Quantbot Technologies LP boosted its position in shares of First Interstate BancSystem by 955.6% in the second quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,733 shares during the period. Sei Investments Co. boosted its position in shares of First Interstate BancSystem by 5.6% in the first quarter. Sei Investments Co. now owns 3,154 shares of the financial services provider’s stock worth $125,000 after buying an additional 168 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of First Interstate BancSystem in the second quarter worth about $142,000. Finally, Victory Capital Management Inc. boosted its position in shares of First Interstate BancSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock worth $169,000 after buying an additional 680 shares during the period. 44.85% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods set a $43.00 price objective on First Interstate BancSystem and gave the company a “hold” rating in a research note on Saturday, May 27th. BidaskClub upgraded First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, August 1st. Wells Fargo & Company upgraded First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $41.00 price objective on shares of First Interstate BancSystem in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $42.00.

First Interstate BancSystem Company Profile

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 also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

Insider Buying and Selling by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

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