First Interstate Bancsystem Inc (NASDAQ:FIBK) insider Philip G. Gaglia sold 972 shares of First Interstate Bancsystem stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $41.03, for a total value of $39,881.16. Following the completion of the transaction, the insider now directly owns 7,544 shares in the company, valued at $309,530.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
First Interstate Bancsystem Inc (FIBK) traded up $0.65 on Thursday, hitting $41.05. The stock had a trading volume of 159,100 shares, compared to its average volume of 169,389. 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 Inc has a 52-week low of $33.33 and a 52-week high of $45.35. The stock has a market capitalization of $2,280.78, a PE ratio of 20.02, a PEG ratio of 1.51 and a beta of 1.11.
First Interstate Bancsystem (NASDAQ:FIBK) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.08). First Interstate Bancsystem had a net margin of 19.90% and a return on equity of 9.37%. The business had revenue of $138.03 million for the quarter, compared to analysts’ expectations of $138.00 million. analysts forecast that First Interstate Bancsystem Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from First Interstate Bancsystem’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a dividend yield of 2.73%. First Interstate Bancsystem’s payout ratio is 54.63%.
Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of First Interstate Bancsystem during the third quarter valued at approximately $105,000. Stifel Financial Corp bought a new stake in shares of First Interstate Bancsystem during the third quarter valued at approximately $200,000. Xact Kapitalforvaltning AB bought a new stake in shares of First Interstate Bancsystem during the fourth quarter valued at approximately $217,000. Opus Capital Group LLC bought a new stake in shares of First Interstate Bancsystem during the fourth quarter valued at approximately $223,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of First Interstate Bancsystem during the second quarter valued at approximately $213,000. 45.90% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on FIBK. Piper Jaffray Companies reissued a “buy” rating on shares of First Interstate Bancsystem in a research note on Wednesday, January 31st. Barclays boosted their target price on First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of First Interstate Bancsystem in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.75.
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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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