First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,000 shares of First Interstate Bancsystem stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.61, for a total value of $79,220.00. Following the sale, the director now directly owns 21,028 shares in the company, valued at $832,919.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

First Interstate Bancsystem Inc (NASDAQ FIBK) traded up $0.40 during trading on Wednesday, reaching $39.75. The company’s stock had a trading volume of 235,400 shares, compared to its average volume of 223,549. 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 has a market cap of $2,221.50, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. First Interstate Bancsystem Inc has a fifty-two week low of $33.33 and a fifty-two week high of $45.35.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 2.42%. First Interstate Bancsystem’s payout ratio is 48.24%.

Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its holdings in shares of 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 valued at $1,524,000 after purchasing an additional 14,676 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of First Interstate Bancsystem during the third quarter valued at approximately $576,000. CS Mckee LP lifted its holdings in shares of First Interstate Bancsystem by 31.1% during the third quarter. CS Mckee LP now owns 33,750 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 8,000 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of First Interstate Bancsystem during the third quarter valued at approximately $200,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of First Interstate Bancsystem by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,309,818 shares of the financial services provider’s stock valued at $88,349,000 after purchasing an additional 111,928 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. ValuEngine cut First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Barclays set a $43.00 price objective on First Interstate Bancsystem and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research raised First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price objective 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.25.

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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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