Jonathan R. Scott Sells 25,000 Shares of First Interstate BancSystem, Inc. (FIBK) Stock

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Jonathan R. Scott sold 25,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $36.81, for a total transaction of $920,250.00. Following the completion of the transaction, the director now owns 5,556 shares of the company’s stock, valued at approximately $204,516.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

First Interstate BancSystem, Inc. (FIBK) opened at $37.55 on Thursday. First Interstate BancSystem, Inc. has a 1 year low of $33.33 and a 1 year high of $45.35. 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 company has a market cap of $2,119.47, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, October 30th. First Interstate BancSystem’s dividend payout ratio is currently 48.24%.

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Several research firms have commented on FIBK. Zacks Investment Research cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Barclays PLC set a $43.00 target price on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $43.25.

Several large investors have recently modified their holdings of FIBK. JPMorgan Chase & Co. lifted its stake in shares of First Interstate BancSystem by 105.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,670,474 shares of the financial services provider’s stock worth $62,142,000 after acquiring an additional 858,775 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of First Interstate BancSystem by 43.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,291,679 shares of the financial services provider’s stock worth $87,657,000 after acquiring an additional 688,666 shares during the period. Laurion Capital Management LP acquired a new stake in shares of First Interstate BancSystem in the 2nd quarter worth approximately $23,962,000. Koch Industries Inc. acquired a new stake in shares of First Interstate BancSystem in the 2nd quarter worth approximately $584,000. Finally, Macquarie Group Ltd. lifted its stake in shares of First Interstate BancSystem by 46.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,885,343 shares of the financial services provider’s stock worth $72,114,000 after acquiring an additional 594,414 shares during the period. 46.07% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

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