Shares of First Interstate Bancsystem Inc (NASDAQ:FIBK) have received a consensus rating of “Hold” from the six ratings firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.00.
Separately, Zacks Investment Research downgraded shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research report on Friday, January 13th.
In other First Interstate Bancsystem news, Director Randall I. Scott sold 5,049 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $40.07, for a total transaction of $202,313.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip G. Gaglia sold 752 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $39.53, for a total transaction of $29,726.56. Following the transaction, the insider now owns 5,090 shares in the company, valued at approximately $201,207.70. The disclosure for this sale can be found here. Insiders have sold a total of 6,094 shares of company stock worth $244,859 over the last three months. 38.22% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in First Interstate Bancsystem by 17.7% in the fourth quarter. State Street Corp now owns 463,639 shares of the financial services provider’s stock valued at $19,726,000 after buying an additional 69,681 shares in the last quarter. Bessemer Group Inc. boosted its position in First Interstate Bancsystem by 24.8% in the fourth quarter. Bessemer Group Inc. now owns 32,710 shares of the financial services provider’s stock valued at $1,392,000 after buying an additional 6,510 shares in the last quarter. Wrapmanager Inc. bought a new position in First Interstate Bancsystem during the fourth quarter valued at about $247,000. Russell Investments Group Ltd. bought a new position in First Interstate Bancsystem during the fourth quarter valued at about $4,392,000. Finally, Hillcrest Asset Management LLC boosted its position in First Interstate Bancsystem by 1.3% in the third quarter. Hillcrest Asset Management LLC now owns 359,317 shares of the financial services provider’s stock valued at $11,322,000 after buying an additional 4,774 shares in the last quarter. Institutional investors and hedge funds own 34.08% of the company’s stock.
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First Interstate Bancsystem (NASDAQ:FIBK) traded up 1.28% during midday trading on Tuesday, hitting $39.60. 215,227 shares of the stock traded hands. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.59 and a beta of 1.03. The stock’s 50-day moving average price is $40.17 and its 200 day moving average price is $38.91. First Interstate Bancsystem has a 52 week low of $26.43 and a 52 week high of $45.35.
First Interstate Bancsystem (NASDAQ:FIBK) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. First Interstate Bancsystem had a net margin of 22.52% and a return on equity of 9.84%. The company had revenue of $108.42 million for the quarter, compared to the consensus estimate of $103.27 million. On average, equities research analysts predict that First Interstate Bancsystem will post $2.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Tuesday, May 2nd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, April 28th. First Interstate Bancsystem’s dividend payout ratio (DPR) is 45.07%.
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 operates through community banking segment.
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