First Interstate BancSystem, Inc. (NASDAQ:FIBK) insider Marcy D. Mutch acquired 500 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average price of $35.30 per share, with a total value of $17,650.00. Following the completion of the transaction, the insider now directly owns 16,422 shares of the company’s stock, valued at $579,696.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of First Interstate BancSystem, Inc. (FIBK) traded down 0.56% during trading on Thursday, hitting $35.20. 150,747 shares of the stock were exchanged. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.03 and a beta of 1.15. First Interstate BancSystem, Inc. has a 52 week low of $30.10 and a 52 week high of $45.35. The stock’s 50 day moving average price is $36.36 and its 200 day moving average price is $38.38.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Wednesday, August 2nd were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, July 31st. First Interstate BancSystem’s dividend payout ratio is currently 46.38%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/first-interstate-bancsystem-inc-fibk-insider-marcy-d-mutch-purchases-500-shares/1534854.html.

Several institutional investors have recently added to or reduced their stakes in FIBK. Teachers Advisors LLC raised its position in First Interstate BancSystem by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 44,894 shares of the financial services provider’s stock valued at $1,910,000 after buying an additional 1,489 shares in the last quarter. OLD National Bancorp IN raised its position in First Interstate BancSystem by 15.9% in the first quarter. OLD National Bancorp IN now owns 9,075 shares of the financial services provider’s stock valued at $360,000 after buying an additional 1,242 shares in the last quarter. Chicago Equity Partners LLC raised its position in First Interstate BancSystem by 46.3% in the first quarter. Chicago Equity Partners LLC now owns 86,175 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 27,275 shares in the last quarter. Wrapmanager Inc. raised its position in First Interstate BancSystem by 5.1% in the first quarter. Wrapmanager Inc. now owns 6,105 shares of the financial services provider’s stock valued at $242,000 after buying an additional 297 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in First Interstate BancSystem by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,297 shares of the financial services provider’s stock valued at $488,000 after buying an additional 432 shares in the last quarter. 44.87% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut shares of First Interstate BancSystem from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and set a $41.00 target price on shares of First Interstate BancSystem in a report on Tuesday, June 13th. Wells Fargo & Company raised shares of First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $43.00 price objective (down from $44.00) on shares of First Interstate BancSystem in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. First Interstate BancSystem currently has an average rating of “Buy” and an average price target of $42.00.

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.

Receive News & Ratings for First Interstate BancSystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.