First Interstate Bancsystem Inc (FIBK) Shares Sold by Peregrine Capital Management LLC

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Peregrine Capital Management LLC decreased its position in shares of First Interstate Bancsystem Inc (NASDAQ:FIBK) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,448 shares of the financial services provider’s stock after selling 838 shares during the period. Peregrine Capital Management LLC’s holdings in First Interstate Bancsystem were worth $8,738,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in First Interstate Bancsystem during the 4th quarter worth $26,000. Captrust Financial Advisors lifted its position in First Interstate Bancsystem by 122.3% during the 4th quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 422 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in First Interstate Bancsystem by 19.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 411 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in First Interstate Bancsystem by 71.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in First Interstate Bancsystem during the 3rd quarter worth $181,000. 49.56% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on FIBK. Zacks Investment Research lowered shares of First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Piper Jaffray Companies set a $47.00 target price on shares of First Interstate Bancsystem and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, BidaskClub lowered shares of First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.65.

Shares of FIBK opened at $41.84 on Monday. The stock has a market cap of $2.47 billion, a PE ratio of 14.33, a P/E/G ratio of 1.45 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. First Interstate Bancsystem Inc has a 52 week low of $34.61 and a 52 week high of $47.05.

First Interstate Bancsystem (NASDAQ:FIBK) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $153.20 million during the quarter, compared to analyst estimates of $151.76 million. First Interstate Bancsystem had a net margin of 25.98% and a return on equity of 10.93%. Equities analysts predict that First Interstate Bancsystem Inc will post 3.12 EPS for the current year.

In other news, Director Ross E. Leckie sold 2,204 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $42.13, for a total transaction of $92,854.52. Following the completion of the transaction, the director now owns 17,027 shares of the company’s stock, valued at $717,347.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Scott sold 15,670 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $41.14, for a total transaction of $644,663.80. The disclosure for this sale can be found here. 24.93% of the stock is currently owned by corporate insiders.

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About First Interstate Bancsystem

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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

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Institutional Ownership by Quarter for First Interstate Bancsystem (NASDAQ:FIBK)

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