Shares of First Interstate Bancsystem Inc (NASDAQ:FIBK) have earned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.25.

A number of research firms have commented on FIBK. Zacks Investment Research upgraded First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Wednesday, November 1st. Barclays set a $43.00 price target on First Interstate Bancsystem and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, ValuEngine cut First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th.

In other news, major shareholder Homer A. Scott, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $39.41, for a total transaction of $394,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Homer A. Scott, Jr. sold 9,400 shares of the company’s stock in a transaction on Saturday, December 2nd. The stock was sold at an average price of $38.38, for a total value of $360,772.00. The disclosure for this sale can be found here. Insiders have sold 106,857 shares of company stock worth $3,927,945 over the last 90 days. 38.22% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of First Interstate Bancsystem during the third quarter worth $105,000. BNP Paribas Arbitrage SA increased its position in shares of First Interstate Bancsystem by 622.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,559 shares during the period. Quantbot Technologies LP increased its position in shares of First Interstate Bancsystem by 955.6% during the second quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,733 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of First Interstate Bancsystem during the second quarter worth $142,000. Finally, Victory Capital Management Inc. increased its position in shares of 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 worth $169,000 after acquiring an additional 680 shares during the period. 45.27% of the stock is currently owned by institutional investors and hedge funds.

First Interstate Bancsystem (FIBK) traded up $1.00 during trading hours on Friday, reaching $40.50. The company’s stock had a trading volume of 361,400 shares, compared to its average volume of 222,526. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. First Interstate Bancsystem has a one year low of $33.33 and a one year high of $45.35. The firm has a market capitalization of $2,290.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Monday, October 30th. First Interstate Bancsystem’s dividend payout ratio (DPR) is 48.00%.

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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.

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