Tudor Investment Corp ET AL reduced its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 32.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,264 shares of the financial services provider’s stock after selling 3,036 shares during the period. Tudor Investment Corp ET AL’s holdings in First Interstate BancSystem were worth $233,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in First Interstate BancSystem by 622.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 2,559 shares during the last quarter. Quantbot Technologies LP lifted its stake in First Interstate BancSystem by 955.6% in the 2nd quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,733 shares during the last quarter. Sei Investments Co. lifted its stake in First Interstate BancSystem by 5.6% in the 1st quarter. Sei Investments Co. now owns 3,154 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 168 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in First Interstate BancSystem in the 2nd quarter valued at about $142,000. Finally, Victory Capital Management Inc. lifted its stake in First Interstate BancSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 680 shares during the last quarter. Institutional investors and hedge funds own 44.85% of the company’s stock.

First Interstate BancSystem, Inc. (NASDAQ FIBK) opened at 38.35 on Tuesday. The company has a 50-day moving average of $36.60 and a 200 day moving average of $37.05. First Interstate BancSystem, Inc. has a 12-month low of $30.70 and a 12-month high of $45.35. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 18.55 and a beta of 1.17.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $116.50 million for the quarter, compared to analyst estimates of $119.97 million. First Interstate BancSystem had a net margin of 21.08% and a return on equity of 9.44%. Equities analysts expect that First Interstate BancSystem, Inc. will post $2.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. First Interstate BancSystem’s dividend payout ratio is 46.38%.

Several equities research analysts recently issued reports on FIBK shares. BidaskClub downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. ValuEngine downgraded shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $43.00 target price on shares of First Interstate BancSystem and gave the company a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.50.

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

Institutional Ownership by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

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