First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Sells $43,467.60 in Stock

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director John M. Heyneman, Jr. sold 1,335 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $32.56, for a total value of $43,467.60. Following the sale, the director now directly owns 1,414,886 shares in the company, valued at $46,068,688.16. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

First Interstate BancSystem Price Performance

Shares of FIBK traded up $0.06 during trading hours on Tuesday, hitting $32.75. 512,387 shares of the stock were exchanged, compared to its average volume of 595,545. The stock’s 50-day moving average price is $32.61 and its two-hundred day moving average price is $31.69. First Interstate BancSystem, Inc. has a 12-month low of $24.16 and a 12-month high of $36.77. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 14.95 and a beta of 0.85.

First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. First Interstate BancSystem had a net margin of 15.94% and a return on equity of 6.92%. Research analysts expect that First Interstate BancSystem, Inc. will post 2.53 earnings per share for the current year.

First Interstate BancSystem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be issued a $0.47 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.88 dividend on an annualized basis and a yield of 5.74%. First Interstate BancSystem’s payout ratio is 85.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its position in First Interstate BancSystem by 65.0% during the third quarter. CWM LLC now owns 5,152 shares of the financial services provider’s stock worth $158,000 after buying an additional 2,029 shares in the last quarter. Creative Planning increased its stake in shares of First Interstate BancSystem by 23.0% in the 3rd quarter. Creative Planning now owns 30,033 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 5,618 shares during the last quarter. Telos Capital Management Inc. purchased a new position in shares of First Interstate BancSystem during the 3rd quarter worth $201,000. Altus Wealth Group LLC boosted its position in shares of First Interstate BancSystem by 21.4% during the 3rd quarter. Altus Wealth Group LLC now owns 24,512 shares of the financial services provider’s stock valued at $752,000 after acquiring an additional 4,316 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of First Interstate BancSystem by 5.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,136 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 507 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $42.00 price target on shares of First Interstate BancSystem in a report on Thursday, January 30th. Barclays boosted their target price on shares of First Interstate BancSystem from $30.00 to $31.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target on shares of First Interstate BancSystem from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. UBS Group assumed coverage on shares of First Interstate BancSystem in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, StockNews.com cut First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, First Interstate BancSystem has an average rating of “Hold” and a consensus price target of $36.14.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.