First Interstate Bancsystem Inc (FIBK) Director Ross E. Leckie Sells 2,000 Shares
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%.
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.
ILLEGAL ACTIVITY NOTICE: “First Interstate Bancsystem Inc (FIBK) Director Ross E. Leckie Sells 2,000 Shares” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/first-interstate-bancsystem-inc-fibk-director-ross-e-leckie-sells-2000-shares/1761410.html.
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.
Receive News & Ratings for First Interstate Bancsystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate Bancsystem and related companies with MarketBeat.com's FREE daily email newsletter.