Insider Selling: First Interstate Bancsystem Inc (FIBK) Director Sells 2,000 Shares of Stock
First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total transaction of $79,220.00. Following the completion of the sale, the director now owns 21,028 shares in the company, valued at $832,919.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
First Interstate Bancsystem Inc (NASDAQ:FIBK) traded down $0.20 during mid-day trading on Tuesday, hitting $39.35. 279,500 shares of the stock were exchanged, compared to its average volume of 223,500. First Interstate Bancsystem Inc has a twelve month low of $33.33 and a twelve month high of $45.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $2,240.00, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.88 and a beta of 1.18.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.44%. First Interstate Bancsystem’s dividend payout ratio is currently 48.00%.
A number of research firms have recently issued reports on FIBK. Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, November 1st. Barclays set a $43.00 price target on shares of First Interstate Bancsystem and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.25.
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.
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