First Interstate Bancsystem (FIBK) PT Raised to $47.00

First Interstate Bancsystem (NASDAQ:FIBK) had its price objective hoisted by Barclays from $43.00 to $47.00 in a research note released on Tuesday, January 2nd, Marketbeat.com reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of First Interstate Bancsystem from a hold rating to a buy rating and set a $44.00 price target on the stock in a research report on Wednesday, November 1st. ValuEngine downgraded shares of First Interstate Bancsystem from a buy rating to a hold rating in a research report on Thursday, September 7th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $45.00 price target on shares of First Interstate Bancsystem in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $44.75.

First Interstate Bancsystem (NASDAQ FIBK) traded up $0.40 on Tuesday, reaching $42.45. 131,838 shares of the company were exchanged, compared to its average volume of 220,694. The firm has a market cap of $2,400.00, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79. First Interstate Bancsystem has a 1-year low of $33.33 and a 1-year high of $45.35.

In other news, 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 transaction, the director now owns 21,028 shares of the company’s stock, valued at approximately $832,919.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ross E. Leckie sold 1,500 shares of First Interstate Bancsystem stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $38.85, for a total transaction of $58,275.00. Following the completion of the transaction, the director now directly owns 23,028 shares in the company, valued at approximately $894,637.80. The disclosure for this sale can be found here. Insiders have sold a total of 114,525 shares of company stock worth $4,240,874 over the last 90 days. 38.22% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of First Interstate Bancsystem by 0.7% in the second quarter. American Century Companies Inc. now owns 61,791 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 414 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of First Interstate Bancsystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 680 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of First Interstate Bancsystem by 5.0% in the second quarter. Federated Investors Inc. PA now owns 16,337 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 775 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of First Interstate Bancsystem by 38.3% in the second quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of First Interstate Bancsystem by 3.4% in the third quarter. Rhumbline Advisers now owns 44,834 shares of the financial services provider’s stock worth $1,715,000 after acquiring an additional 1,490 shares in the last quarter. 45.22% of the stock is currently owned by institutional investors.

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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.

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