First Interstate Bancsystem (NASDAQ:FIBK) had its price target lifted by research analysts at DA Davidson from $47.00 to $50.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target would indicate a potential upside of 15.74% from the stock’s current price.

Several other research analysts have also weighed in on the stock. BidaskClub lowered shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Barclays reissued a “buy” rating and set a $48.00 price objective on shares of First Interstate Bancsystem in a report on Sunday, July 29th. Finally, Zacks Investment Research raised shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.60.

Shares of FIBK stock opened at $43.20 on Friday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 1.67 and a beta of 1.10. 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 has a 1-year low of $36.00 and a 1-year high of $47.05.

First Interstate Bancsystem (NASDAQ:FIBK) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.74 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The company had revenue of $141.40 million during the quarter, compared to analyst estimates of $139.12 million. First Interstate Bancsystem had a net margin of 23.86% and a return on equity of 10.35%. Equities analysts forecast that First Interstate Bancsystem will post 2.99 earnings per share for the current fiscal year.

In other news, Director John M. Heyneman, Jr. sold 2,000 shares of First Interstate Bancsystem stock in a transaction dated Sunday, November 25th. The shares were sold at an average price of $37.35, for a total value of $74,700.00. Following the completion of the transaction, the director now directly owns 3,621 shares of the company’s stock, valued at approximately $135,244.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Heyneman, Jr. sold 1,000 shares of First Interstate Bancsystem stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $41.87, for a total transaction of $41,870.00. Following the completion of the transaction, the director now directly owns 3,621 shares of the company’s stock, valued at $151,611.27. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock valued at $300,210 over the last ninety days. Company insiders own 40.23% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in First Interstate Bancsystem during the 1st quarter valued at about $107,000. Envestnet Asset Management Inc. boosted its stake in First Interstate Bancsystem by 68.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,507 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 1,829 shares during the period. Stifel Financial Corp acquired a new position in First Interstate Bancsystem during the 1st quarter valued at about $223,000. Koch Industries Inc. acquired a new position in First Interstate Bancsystem during the 1st quarter valued at about $233,000. Finally, Ramsey Quantitative Systems acquired a new position in First Interstate Bancsystem during the 2nd quarter valued at about $320,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

About First Interstate Bancsystem

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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Analyst Recommendations for First Interstate Bancsystem (NASDAQ:FIBK)

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