American Trust Takes $823,000 Position in First Interstate BancSystem, Inc. $FIBK

American Trust purchased a new position in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,570 shares of the financial services provider’s stock, valued at approximately $823,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of First Interstate BancSystem by 186.5% in the second quarter. GAMMA Investing LLC now owns 994 shares of the financial services provider’s stock valued at $29,000 after buying an additional 647 shares during the period. Quarry LP raised its holdings in First Interstate BancSystem by 63.8% in the 1st quarter. Quarry LP now owns 1,155 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in First Interstate BancSystem by 139.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 862 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of First Interstate BancSystem during the 2nd quarter valued at $186,000. Finally, Quantbot Technologies LP bought a new stake in shares of First Interstate BancSystem during the 1st quarter valued at $215,000. Institutional investors own 88.71% of the company’s stock.

First Interstate BancSystem Price Performance

FIBK stock opened at $35.64 on Tuesday. The company’s 50-day moving average is $32.15 and its 200-day moving average is $30.93. The stock has a market capitalization of $3.67 billion, a PE ratio of 15.04 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.74 and a quick ratio of 0.73. First Interstate BancSystem, Inc. has a 1 year low of $22.95 and a 1 year high of $36.04.

First Interstate BancSystem (NASDAQ:FIBK) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter. First Interstate BancSystem had a return on equity of 7.25% and a net margin of 17.62%.The company had revenue of $250.50 million for the quarter. Equities research analysts expect that First Interstate BancSystem, Inc. will post 2.53 EPS for the current fiscal year.

First Interstate BancSystem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, November 10th. First Interstate BancSystem’s payout ratio is 79.32%.

Insider Buying and Selling

In other First Interstate BancSystem news, Director John M. Heyneman, Jr. sold 30,432 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $31.03, for a total value of $944,304.96. Following the completion of the sale, the director directly owned 1,414,636 shares of the company’s stock, valued at $43,896,155.08. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Jonathan R. Scott sold 4,800 shares of First Interstate BancSystem stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $31.27, for a total value of $150,096.00. Following the completion of the sale, the insider directly owned 941,024 shares of the company’s stock, valued at approximately $29,425,820.48. This trade represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 92,232 shares of company stock valued at $2,913,388. 8.20% of the stock is owned by company insiders.

Analyst Ratings Changes

FIBK has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Interstate BancSystem in a report on Monday, December 8th. Wells Fargo & Company lifted their price target on First Interstate BancSystem from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Barclays upped their price objective on First Interstate BancSystem from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Finally, UBS Group raised their price objective on First Interstate BancSystem from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, First Interstate BancSystem has an average rating of “Hold” and an average price target of $35.57.

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