First Interstate Bancsystem (NASDAQ:FIBK)‘s stock had its “buy” rating reaffirmed by research analysts at Piper Jaffray Companies in a note issued to investors on Wednesday.

Several other brokerages have also issued reports on FIBK. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 target price on shares of First Interstate Bancsystem in a research report on Friday, December 22nd. Barclays lifted their target price on shares of First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.75.

Shares of First Interstate Bancsystem (NASDAQ:FIBK) opened at $42.15 on Wednesday. First Interstate Bancsystem has a 52-week low of $33.33 and a 52-week high of $45.35. The stock has a market cap of $2,362.64 and a PE ratio of 18.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79.

First Interstate Bancsystem (NASDAQ:FIBK) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. First Interstate Bancsystem had a net margin of 19.90% and a return on equity of 9.37%. The business had revenue of $139.07 million for the quarter, compared to analyst estimates of $135.02 million. sell-side analysts forecast that First Interstate Bancsystem will post 2.83 EPS for the current year.

In related news, Director Ross E. Leckie sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.61, for a total transaction of $79,220.00. Following the transaction, the director now directly owns 21,028 shares in the company, valued at $832,919.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Homer A. Scott, Jr. sold 10,100 shares of the business’s stock in a transaction dated Saturday, November 4th. The stock was sold at an average price of $28.46, for a total transaction of $287,446.00. The disclosure for this sale can be found here. Insiders have sold 113,025 shares of company stock worth $4,182,599 over the last 90 days. 38.22% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its position in First Interstate Bancsystem by 5.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 191,310 shares of the financial services provider’s stock worth $7,662,000 after acquiring an additional 10,701 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in First Interstate Bancsystem during the fourth quarter worth about $8,773,000. Schwab Charles Investment Management Inc. boosted its position in First Interstate Bancsystem by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,102 shares of the financial services provider’s stock worth $4,530,000 after acquiring an additional 6,350 shares during the last quarter. GSA Capital Partners LLP boosted its position in First Interstate Bancsystem by 58.3% during the third quarter. GSA Capital Partners LLP now owns 39,845 shares of the financial services provider’s stock worth $1,524,000 after acquiring an additional 14,676 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in First Interstate Bancsystem during the third quarter worth about $576,000. Hedge funds and other institutional investors own 45.16% of the company’s stock.

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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.

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