First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 1,219 shares of First Interstate Bancsystem stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.27, for a total value of $47,870.13. Following the completion of the sale, the director now directly owns 17,027 shares of the company’s stock, valued at approximately $668,650.29. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of FIBK stock traded down $0.45 during trading hours on Friday, reaching $38.82. 158,033 shares of the company’s stock were exchanged, compared to its average volume of 148,757. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $38.93 and its 200-day moving average is $39.84. First Interstate Bancsystem Inc has a fifty-two week low of $34.61 and a fifty-two week high of $46.85. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.43 and a beta of 1.19.
First Interstate Bancsystem (NASDAQ:FIBK) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). First Interstate Bancsystem had a return on equity of 10.24% and a net margin of 24.08%. The company had revenue of $164.70 million for the quarter, compared to analyst estimates of $163.66 million. Equities analysts anticipate that First Interstate Bancsystem Inc will post 3.06 EPS for the current year.
FIBK has been the topic of several analyst reports. ValuEngine downgraded First Interstate Bancsystem from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research cut First Interstate Bancsystem from a “hold” rating to a “sell” rating in a report on Friday. Finally, BidaskClub cut First Interstate Bancsystem from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. First Interstate Bancsystem has an average rating of “Hold” and a consensus price target of $43.98.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of First Interstate Bancsystem by 10.5% in the second quarter. Vanguard Group Inc. now owns 3,570,278 shares of the financial services provider’s stock worth $141,419,000 after purchasing an additional 340,132 shares during the period. BlackRock Inc. lifted its stake in shares of First Interstate Bancsystem by 10.1% in the second quarter. BlackRock Inc. now owns 2,732,811 shares of the financial services provider’s stock worth $108,247,000 after acquiring an additional 251,633 shares during the period. FMR LLC lifted its stake in shares of First Interstate Bancsystem by 24.7% in the first quarter. FMR LLC now owns 1,671,926 shares of the financial services provider’s stock worth $66,576,000 after acquiring an additional 331,263 shares during the period. Schroder Investment Management Group increased its holdings in First Interstate Bancsystem by 48.0% in the second quarter. Schroder Investment Management Group now owns 677,495 shares of the financial services provider’s stock worth $26,836,000 after purchasing an additional 219,802 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of First Interstate Bancsystem by 0.7% during the second quarter. Citadel Advisors LLC now owns 652,767 shares of the financial services provider’s stock valued at $25,856,000 after acquiring an additional 4,838 shares in the last quarter. Institutional investors own 49.74% of the company’s stock.
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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