Dimensional Fund Advisors LP raised its holdings in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 26.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,197,890 shares of the financial services provider’s stock after acquiring an additional 463,695 shares during the period. Dimensional Fund Advisors LP owned approximately 3.89% of First Interstate BancSystem worth $81,762,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kennedy Capital Management Inc. bought a new stake in shares of First Interstate BancSystem during the 2nd quarter valued at $2,020,000. LSV Asset Management raised its position in shares of First Interstate BancSystem by 13.2% during the 2nd 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 during the last quarter. Karp Capital Management Corp bought a new stake in shares of First Interstate BancSystem during the 1st quarter valued at $663,000. First Trust Advisors LP raised its position in shares of First Interstate BancSystem by 196.5% during the 2nd quarter. First Trust Advisors LP now owns 117,541 shares of the financial services provider’s stock valued at $4,373,000 after acquiring an additional 77,901 shares during the last quarter. Finally, Context BH Capital Management LP bought a new stake in shares of First Interstate BancSystem during the 2nd quarter valued at $690,000. Institutional investors own 44.85% of the company’s stock.

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Several analysts have commented on the stock. Barclays PLC reiterated an “overweight” rating and set a $41.00 target price on shares of First Interstate BancSystem in a research report on Tuesday, June 13th. BidaskClub upgraded shares of First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, August 1st. Finally, ValuEngine cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.00.

Shares of First Interstate BancSystem, Inc. (NASDAQ FIBK) opened at 38.20 on Friday. The company has a market cap of $2.16 billion, a PE ratio of 18.48 and a beta of 1.17. The company has a 50 day moving average of $36.14 and a 200-day moving average of $37.09. First Interstate BancSystem, Inc. has a 52-week low of $30.70 and a 52-week high of $45.35.

First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $116.50 million for the quarter, compared to analyst estimates of $119.97 million. First Interstate BancSystem had a net margin of 21.08% and a return on equity of 9.44%. Analysts forecast that First Interstate BancSystem, Inc. will post $2.29 EPS for the current fiscal year.

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.

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

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