Jonathan R. Scott Sells 25,000 Shares of First Interstate BancSystem, Inc. (FIBK) Stock

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Jonathan R. Scott sold 25,000 shares of First Interstate BancSystem stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $37.33, for a total transaction of $933,250.00. Following the transaction, the director now directly owns 5,556 shares of the company’s stock, valued at $207,405.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) opened at $37.55 on Thursday. The stock has a market cap of $2,119.47, a price-to-earnings ratio of 16.25, a PEG ratio of 1.78 and a beta of 1.19. First Interstate BancSystem, Inc. has a one year low of $33.33 and a one year 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 issued a $0.24 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.56%. First Interstate BancSystem’s payout ratio is currently 48.24%.

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A number of analysts have recently issued reports on FIBK shares. Zacks Investment Research raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, November 1st. Barclays PLC set a $43.00 target price on shares of First Interstate BancSystem and gave the company a “buy” rating in a research note on Wednesday, October 11th. BidaskClub lowered shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine lowered shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.25.

Hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its holdings in shares of First Interstate BancSystem by 1.8% in the third quarter. Mutual of America Capital Management LLC now owns 180,609 shares of the financial services provider’s stock valued at $6,908,000 after acquiring an additional 3,196 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of First Interstate BancSystem in the second quarter valued at about $213,000. Kennedy Capital Management Inc. bought a new stake in shares of First Interstate BancSystem in the second quarter valued at about $2,020,000. CS Mckee LP bought a new stake in shares of First Interstate BancSystem in the second quarter valued at about $958,000. Finally, LSV Asset Management raised its holdings in shares of First Interstate BancSystem by 13.2% in the second quarter. LSV Asset Management now owns 618,585 shares of the financial services provider’s stock valued at $23,011,000 after acquiring an additional 71,900 shares in the last quarter. Hedge funds and other institutional investors own 46.07% of the company’s stock.

About First Interstate BancSystem

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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