13,074 Shares in First Interstate BancSystem, Inc. (NASDAQ:FIBK) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,074 shares of the financial services provider’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIBK. Advisor Group Holdings Inc. grew its holdings in First Interstate BancSystem by 5.7% during the first quarter. Advisor Group Holdings Inc. now owns 7,822 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 422 shares during the period. JPMorgan Chase & Co. grew its holdings in First Interstate BancSystem by 225.1% during the first quarter. JPMorgan Chase & Co. now owns 281,299 shares of the financial services provider’s stock worth $10,344,000 after acquiring an additional 194,783 shares during the period. Raymond James & Associates grew its holdings in First Interstate BancSystem by 13.0% in the first quarter. Raymond James & Associates now owns 9,640 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 1,107 shares during the last quarter. American Century Companies Inc. acquired a new stake in First Interstate BancSystem in the first quarter valued at $1,046,000. Finally, PNC Financial Services Group Inc. grew its holdings in First Interstate BancSystem by 263.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,081 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on FIBK shares. UBS Group started coverage on First Interstate BancSystem in a report on Wednesday. They issued a “neutral” rating and a $33.00 target price on the stock. Stephens raised First Interstate BancSystem from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $44.00 to $43.00 in a report on Wednesday, February 1st. StockNews.com started coverage on First Interstate BancSystem in a report on Thursday. They issued a “sell” rating on the stock. Keefe, Bruyette & Woods lowered First Interstate BancSystem from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $49.00 to $38.00 in a report on Monday, January 30th. Finally, Janney Montgomery Scott lowered First Interstate BancSystem from a “buy” rating to a “neutral” rating in a research note on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.00.

First Interstate BancSystem Stock Down 6.2 %

FIBK opened at $29.75 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.11 billion, a P/E ratio of 16.08 and a beta of 0.86. First Interstate BancSystem, Inc. has a 52 week low of $29.50 and a 52 week high of $46.34. The business’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $39.73.

First Interstate BancSystem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Tuesday, February 7th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.88 annualized dividend and a yield of 6.32%. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 101.62%.

Insider Buying and Selling

In related news, Director James Brannen sold 9,300 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $36.71, for a total transaction of $341,403.00. Following the transaction, the director now directly owns 8,385 shares in the company, valued at $307,813.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James Brannen sold 9,300 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $36.71, for a total transaction of $341,403.00. Following the transaction, the director now directly owns 8,385 shares in the company, valued at $307,813.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie A. Scott sold 288,000 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $35.63, for a total value of $10,261,440.00. Following the transaction, the director now owns 2,517,351 shares in the company, valued at $89,693,216.13. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

First Interstate BancSystem Company Profile

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First Interstate BancSystem, Inc is a financial holding company, which engages in the provision of community banking solutions. The firm offers commercial and consumer banking services to individuals, businesses, municipalities, and other entities. The company was founded by Homer Scott Sr. in 1968 and is headquartered in Billings, MT.