Context BH Capital Management LP boosted its stake in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 39.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,903 shares of the financial services provider’s stock after purchasing an additional 7,359 shares during the period. Context BH Capital Management LP’s holdings in First Interstate BancSystem were worth $991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Granite Investment Partners LLC lifted its position in First Interstate BancSystem by 0.4% during the second quarter. Granite Investment Partners LLC now owns 29,273 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 113 shares in the last quarter. Wrapmanager Inc. lifted its position in First Interstate BancSystem by 3.6% during the second quarter. Wrapmanager Inc. now owns 6,322 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 217 shares in the last quarter. American Century Companies Inc. lifted its position in First Interstate BancSystem by 0.7% during the second quarter. American Century Companies Inc. now owns 61,791 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 414 shares in the last quarter. Victory Capital Management Inc. lifted its position in First Interstate BancSystem by 17.7% during the second 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 in the last quarter. Finally, Federated Investors Inc. PA lifted its position in First Interstate BancSystem by 5.0% during the second quarter. Federated Investors Inc. PA now owns 16,337 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 46.07% of the company’s stock.

In related news, Director Ross E. Leckie sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $38.85, for a total value of $58,275.00. Following the sale, the director now directly owns 23,028 shares in the company, valued at $894,637.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,822 shares of company stock worth $104,709 over the last quarter. 38.22% of the stock is owned by company insiders.

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Several equities analysts have recently commented on the company. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, August 1st. ValuEngine downgraded First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Barclays PLC set a $43.00 price objective on First Interstate BancSystem and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. First Interstate BancSystem currently has an average rating of “Buy” and a consensus target price of $43.25.

First Interstate BancSystem, Inc. (FIBK) traded down $0.25 during trading hours on Monday, hitting $36.60. The company had a trading volume of 190,300 shares, compared to its average volume of 224,886. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,065.85, a P/E ratio of 15.84, a P/E/G ratio of 1.73 and a beta of 1.19. First Interstate BancSystem, Inc. has a 12 month low of $33.33 and a 12 month high of $45.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a $0.24 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. First Interstate BancSystem’s dividend payout ratio is currently 48.24%.

First Interstate BancSystem 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.

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

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