First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Peter I. Wold Acquires 1,000 Shares

First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Peter I. Wold bought 1,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $37.81 per share, for a total transaction of $37,810.00. Following the purchase, the director now directly owns 3,707 shares of the company’s stock, valued at $140,161.67. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ FIBK traded up $0.09 during trading hours on Wednesday, hitting $38.21. 172,900 shares of the company’s stock were exchanged, compared to its average volume of 199,460. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $2.28 billion, a PE ratio of 13.09, a P/E/G ratio of 1.36 and a beta of 1.20. First Interstate Bancsystem Inc has a 1-year low of $34.61 and a 1-year high of $47.05.

First Interstate Bancsystem (NASDAQ:FIBK) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $150.50 million during the quarter, compared to analyst estimates of $151.84 million. First Interstate Bancsystem had a net margin of 25.84% and a return on equity of 10.69%. As a group, equities research analysts forecast that First Interstate Bancsystem Inc will post 3.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.31 dividend. This is a boost from First Interstate Bancsystem’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 annualized dividend and a yield of 3.25%. First Interstate Bancsystem’s dividend payout ratio is 42.47%.

A number of research analysts have commented on the company. Zacks Investment Research downgraded First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Piper Jaffray Companies set a $47.00 price target on First Interstate Bancsystem and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, BidaskClub cut First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.65.

A number of institutional investors have recently bought and sold shares of FIBK. Quantamental Technologies LLC acquired a new position in First Interstate Bancsystem in the 4th quarter valued at approximately $26,000. Captrust Financial Advisors raised its holdings in First Interstate Bancsystem by 122.3% in the 4th quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 422 shares in the last quarter. Buffington Mohr McNeal acquired a new position in First Interstate Bancsystem in the 1st quarter valued at approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Interstate Bancsystem by 19.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 411 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in First Interstate Bancsystem by 47.4% in the 1st quarter. Advisor Group Inc. now owns 2,309 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 743 shares in the last quarter. 52.00% of the stock is owned by hedge funds and other institutional investors.

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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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

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