First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,204 shares of First Interstate Bancsystem stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $42.13, for a total transaction of $92,854.52. Following the transaction, the director now directly owns 17,027 shares in the company, valued at $717,347.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
FIBK traded down $0.04 during trading on Friday, hitting $41.97. The stock had a trading volume of 514,852 shares, compared to its average volume of 193,195. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. First Interstate Bancsystem Inc has a twelve month low of $34.61 and a twelve month high of $47.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.
First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. First Interstate Bancsystem had a net margin of 25.98% and a return on equity of 10.93%. The business had revenue of $153.20 million during the quarter, compared to the consensus estimate of $151.76 million. On average, sell-side analysts expect that First Interstate Bancsystem Inc will post 3.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Monday, February 11th were paid a dividend of $0.31 per share. This is an increase from First Interstate Bancsystem’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, February 8th. First Interstate Bancsystem’s payout ratio is presently 42.47%.
Several large investors have recently bought and sold shares of FIBK. Macquarie Group Ltd. boosted its holdings in First Interstate Bancsystem by 9.1% in the 3rd quarter. Macquarie Group Ltd. now owns 2,989,086 shares of the financial services provider’s stock valued at $133,911,000 after purchasing an additional 248,930 shares during the last quarter. Vanguard Group Inc. increased its position in shares of First Interstate Bancsystem by 14.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,855,431 shares of the financial services provider’s stock valued at $127,924,000 after purchasing an additional 349,804 shares during the last quarter. Vanguard Group Inc increased its position in shares of First Interstate Bancsystem by 14.0% in the 3rd quarter. Vanguard Group Inc now owns 2,855,431 shares of the financial services provider’s stock valued at $127,924,000 after purchasing an additional 349,804 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of First Interstate Bancsystem by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,567,209 shares of the financial services provider’s stock valued at $115,012,000 after buying an additional 41,212 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of First Interstate Bancsystem by 13.6% in the 4th quarter. BlackRock Inc. now owns 2,472,238 shares of the financial services provider’s stock valued at $90,384,000 after buying an additional 295,345 shares in the last quarter. Institutional investors and hedge funds own 49.59% of the company’s stock.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of First Interstate Bancsystem from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised shares of First Interstate Bancsystem from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Finally, Stephens assumed coverage on shares of First Interstate Bancsystem in a report on Monday, January 14th. They set an “overweight” rating and a $37.90 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. First Interstate Bancsystem currently has an average rating of “Hold” and an average price target of $47.15.
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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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