Ross E. Leckie Sells 2,000 Shares of First Interstate Bancsystem Inc (FIBK) Stock

First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total transaction of $79,220.00. Following the completion of the sale, the director now directly owns 21,028 shares of the company’s stock, valued at approximately $832,919.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Interstate Bancsystem Inc (NASDAQ FIBK) traded down $0.45 during trading on Thursday, hitting $39.30. 179,100 shares of the stock traded hands, compared to its average volume of 223,364. First Interstate Bancsystem Inc has a 52 week low of $33.33 and a 52 week high of $45.35. The firm has a market capitalization of $2,244.09, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.89 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

Several equities research analysts have recently issued reports on FIBK shares. Zacks Investment Research raised shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, November 1st. Barclays set a $43.00 price objective on shares of First Interstate Bancsystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, ValuEngine lowered shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.25.

Institutional investors have recently added to or reduced their stakes in the company. Granite Investment Partners LLC grew its holdings in First Interstate Bancsystem by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 29,273 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 113 shares in the last quarter. Wrapmanager Inc. grew its holdings in First Interstate Bancsystem by 3.6% during the 2nd quarter. Wrapmanager Inc. now owns 6,322 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 217 shares in the last quarter. American Century Companies Inc. grew its holdings in First Interstate Bancsystem by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 61,791 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 414 shares in the last quarter. Victory Capital Management Inc. grew its holdings in First Interstate Bancsystem by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 680 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in First Interstate Bancsystem by 5.0% during the 2nd quarter. Federated Investors Inc. PA now owns 16,337 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 775 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for First Interstate Bancsystem (NASDAQ:FIBK)

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