First Interstate Bancsystem Inc (NASDAQ:FIBK) CEO Kevin P. Riley acquired 975 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were bought at an average price of $41.78 per share, for a total transaction of $40,735.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ:FIBK opened at $42.11 on Friday. The company has a market cap of $2.39 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. First Interstate Bancsystem Inc has a 1-year low of $36.00 and a 1-year high of $47.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07.
First Interstate Bancsystem (NASDAQ:FIBK) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.04). The business had revenue of $146.20 million for the quarter, compared to the consensus estimate of $144.93 million. First Interstate Bancsystem had a return on equity of 10.88% and a net margin of 23.86%. As a group, sell-side analysts anticipate that First Interstate Bancsystem Inc will post 2.93 EPS for the current year.
A number of research firms recently commented on FIBK. DA Davidson raised their price objective on shares of First Interstate Bancsystem from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 12th. Robert W. Baird began coverage on shares of First Interstate Bancsystem in a research note on Tuesday, October 16th. They set an “outperform” rating and a $52.00 price objective on the stock. Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, July 30th. BidaskClub upgraded shares of First Interstate Bancsystem from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Finally, Barclays reiterated a “buy” rating and set a $48.00 price objective on shares of First Interstate Bancsystem in a research note on Sunday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. First Interstate Bancsystem presently has a consensus rating of “Hold” and a consensus price target of $48.33.
Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in First Interstate Bancsystem during the third quarter worth approximately $202,000. Stifel Financial Corp bought a new stake in First Interstate Bancsystem during the first quarter worth approximately $223,000. WINTON GROUP Ltd bought a new stake in First Interstate Bancsystem during the third quarter worth approximately $299,000. Xact Kapitalforvaltning AB boosted its holdings in First Interstate Bancsystem by 40.5% during the first quarter. Xact Kapitalforvaltning AB now owns 7,630 shares of the financial services provider’s stock worth $302,000 after buying an additional 2,200 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in First Interstate Bancsystem during the second quarter worth approximately $320,000. Hedge funds and other institutional investors own 50.32% of the company’s stock.
First Interstate Bancsystem Company Profile
First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
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