Insider Selling: First Interstate BancSystem, Inc. (FIBK) Director Sells 25,000 Shares of Stock

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Jonathan R. Scott sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $36.81, for a total transaction of $920,250.00. Following the completion of the transaction, the director now owns 5,556 shares in the company, valued at $204,516.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of First Interstate BancSystem, Inc. (NASDAQ FIBK) traded up $0.60 during trading hours on Tuesday, reaching $37.20. 125,300 shares of the company traded hands, compared to its average volume of 224,431. The company has a market cap of $2,110.00, a P/E ratio of 15.84, a PEG ratio of 1.73 and a beta of 1.19. First Interstate BancSystem, Inc. has a 12-month low of $33.33 and a 12-month high of $45.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were given a $0.24 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 2.58%. First Interstate BancSystem’s dividend payout ratio is presently 48.00%.

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A number of research analysts have recently issued reports on FIBK shares. BidaskClub downgraded shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, August 1st. ValuEngine downgraded shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Barclays PLC set a $43.00 price target on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. First Interstate BancSystem presently has an average rating of “Buy” and an average target price of $43.25.

A number of large investors have recently modified their holdings of the stock. Granite Investment Partners LLC lifted its position in First Interstate BancSystem by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 29,273 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 113 shares during the last quarter. Wrapmanager Inc. increased its stake in First Interstate BancSystem by 3.6% during the 2nd quarter. Wrapmanager Inc. now owns 6,322 shares of the financial services provider’s stock valued at $235,000 after buying an additional 217 shares during the period. American Century Companies Inc. increased its stake in First Interstate BancSystem by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 61,791 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 414 shares during the period. Victory Capital Management Inc. increased its stake in First Interstate BancSystem by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock valued at $169,000 after buying an additional 680 shares during the period. Finally, Federated Investors Inc. PA increased its stake in First Interstate BancSystem by 5.0% during the 2nd quarter. Federated Investors Inc. PA now owns 16,337 shares of the financial services provider’s stock valued at $608,000 after buying an additional 775 shares during the period. Hedge funds and other institutional investors own 46.07% of the company’s stock.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

Insider Buying and Selling by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

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