First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Jonathan R. Scott sold 15,670 shares of First Interstate Bancsystem stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $41.14, for a total value of $644,663.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Interstate Bancsystem stock opened at $42.01 on Friday. The company has a market cap of $2.53 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. First Interstate Bancsystem Inc has a one year low of $34.61 and a one year high of $47.05.

First Interstate Bancsystem (NASDAQ:FIBK) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $153.20 million for the quarter, compared to analyst estimates of $151.76 million. First Interstate Bancsystem had a return on equity of 10.93% and a net margin of 25.98%. Sell-side analysts expect that First Interstate Bancsystem Inc will post 3.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Monday, February 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 8th. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 2.95%. First Interstate Bancsystem’s payout ratio is 42.47%.

Several equities analysts have recently weighed in on FIBK shares. Zacks Investment Research lowered First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. BidaskClub lowered First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Stephens started coverage on First Interstate Bancsystem in a research note on Monday, January 14th. They issued an “overweight” rating and a $37.90 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. First Interstate Bancsystem has an average rating of “Hold” and an average price target of $47.15.

Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new position in First Interstate Bancsystem during the 4th quarter worth approximately $26,000. Captrust Financial Advisors lifted its position in First Interstate Bancsystem by 122.3% during the 4th quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 422 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in First Interstate Bancsystem by 19.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 411 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in First Interstate Bancsystem by 71.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in First Interstate Bancsystem during the 3rd quarter worth approximately $181,000. 49.59% of the stock is currently owned by hedge funds and other institutional investors.

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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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