First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Jonathan R. Scott Sells 5,000 Shares

First Interstate BancSystem, Inc. (NASDAQ:FIBKGet Rating) Director Jonathan R. Scott sold 5,000 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $36.03, for a total value of $180,150.00. Following the transaction, the director now owns 11,001 shares of the company’s stock, valued at $396,366.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of FIBK stock opened at $36.77 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.71 and a quick ratio of 0.70. First Interstate BancSystem, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $45.91. The stock’s 50-day moving average is $35.25 and its two-hundred day moving average is $38.02. The firm has a market cap of $4.03 billion, a P/E ratio of 19.15 and a beta of 1.03.

First Interstate BancSystem (NASDAQ:FIBKGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $227.20 million for the quarter, compared to analyst estimates of $224.49 million. First Interstate BancSystem had a return on equity of 8.40% and a net margin of 14.78%. During the same quarter in the prior year, the firm posted $0.83 EPS. As a group, research analysts expect that First Interstate BancSystem, Inc. will post 2.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Monday, May 9th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, May 6th. First Interstate BancSystem’s dividend payout ratio (DPR) is currently 85.42%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of First Interstate BancSystem by 3,738.9% in the 1st quarter. Quadrant Capital Group LLC now owns 691 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 673 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of First Interstate BancSystem in the 1st quarter worth approximately $30,000. UMB Bank N A MO lifted its position in shares of First Interstate BancSystem by 567.4% during the 1st quarter. UMB Bank N A MO now owns 941 shares of the financial services provider’s stock worth $35,000 after buying an additional 800 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of First Interstate BancSystem during the 3rd quarter worth approximately $74,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of First Interstate BancSystem by 263.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,081 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,508 shares during the period. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

FIBK has been the subject of several recent analyst reports. StockNews.com raised First Interstate BancSystem from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Keefe, Bruyette & Woods raised First Interstate BancSystem from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, May 2nd. Janney Montgomery Scott raised First Interstate BancSystem from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 3rd. Finally, TheStreet downgraded First Interstate BancSystem from a “b” rating to a “c” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, First Interstate BancSystem presently has an average rating of “Buy” and a consensus price target of $44.00.

About First Interstate BancSystem (Get Rating)

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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.

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