Kevin Guenthner Sells 5,878 Shares of First Interstate Bancsystem Inc (FIBK) Stock

First Interstate Bancsystem Inc (NASDAQ:FIBK) SVP Kevin Guenthner sold 5,878 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $40.37, for a total transaction of $237,294.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kevin Guenthner also recently made the following trade(s):

  • On Monday, December 4th, Kevin Guenthner sold 1,000 shares of First Interstate Bancsystem stock. The shares were sold at an average price of $40.06, for a total transaction of $40,060.00.

First Interstate Bancsystem Inc (NASDAQ FIBK) opened at $41.10 on Friday. First Interstate Bancsystem Inc has a fifty-two week low of $33.33 and a fifty-two week high of $45.35. The company has a market cap of $2,303.36, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

First Interstate Bancsystem (NASDAQ:FIBK) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). First Interstate Bancsystem had a return on equity of 9.37% and a net margin of 19.90%. The firm had revenue of $138.03 million during the quarter, compared to analyst estimates of $138.00 million. sell-side analysts predict that First Interstate Bancsystem Inc will post 2.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.73%. This is a boost from First Interstate Bancsystem’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 9th. First Interstate Bancsystem’s dividend payout ratio (DPR) is presently 54.63%.

Several research firms have recently weighed in on FIBK. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of First Interstate Bancsystem in a research report on Friday, December 22nd. Piper Jaffray Companies reiterated a “buy” rating on shares of First Interstate Bancsystem in a report on Wednesday, January 31st. Barclays raised their target price on shares of First Interstate Bancsystem from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. First Interstate Bancsystem presently has an average rating of “Hold” and a consensus price target of $44.75.

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of First Interstate Bancsystem by 31.9% in the third quarter. Victory Capital Management Inc. now owns 5,977 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 1,446 shares in the last quarter. Rhumbline Advisers lifted 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 purchasing an additional 1,490 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Interstate Bancsystem by 29.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,035 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 1,815 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of First Interstate Bancsystem in the third quarter worth approximately $105,000. Finally, California Public Employees Retirement System lifted its position in shares of First Interstate Bancsystem by 9.0% in the fourth quarter. California Public Employees Retirement System now owns 35,379 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 2,917 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

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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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