First Interstate BancSystem Inc. (NASDAQ:FIBK) shares gapped up prior to trading on Tuesday . The stock had previously closed at $28.26, but opened at $28.37. First Interstate BancSystem shares last traded at $29.08, with a volume of 59,746 shares.

Several research analysts have recently weighed in on FIBK shares. Zacks Investment Research upgraded First Interstate BancSystem from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Sandler O’Neill cut First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st. Keefe, Bruyette & Woods cut First Interstate BancSystem from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research note on Wednesday, April 27th. They noted that the move was a valuation call. FIG Partners cut First Interstate BancSystem from an “outperform” rating to a “market-perform” rating in a research note on Tuesday, April 26th. Finally, B. Riley restated a “sell” rating on shares of First Interstate BancSystem in a research note on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. First Interstate BancSystem has a consensus rating of “Hold” and an average target price of $30.75.

The company’s 50 day moving average price is $28.04 and its 200-day moving average price is $27.62. The stock has a market capitalization of $1.30 billion and a P/E ratio of 15.37.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Monday, July 25th. The financial services provider reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. On average, equities analysts forecast that First Interstate BancSystem Inc. will post $2.06 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 1st will be given a dividend of $0.22 per share. This is a boost from First Interstate BancSystem’s previous dividend of $0.20. The ex-dividend date is Thursday, July 28th.

In other First Interstate BancSystem news, CEO Kevin P. Riley bought 1,200 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were purchased at an average price of $27.50 per share, with a total value of $33,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,977 shares of the company’s stock, valued at approximately $1,044,367.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan R. Scott sold 2,000 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $28.25, for a total value of $56,500.00. Following the completion of the transaction, the director now directly owns 4,958 shares in the company, valued at approximately $140,063.50. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. California State Teachers Retirement System raised its position in First Interstate BancSystem by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 36,436 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 630 shares during the period. Bank of Montreal Can raised its position in First Interstate BancSystem by 2,876.8% in the fourth quarter. Bank of Montreal Can now owns 57,869 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 55,925 shares during the period. Mutual of America Capital Management LLC raised its position in First Interstate BancSystem by 9.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 136,936 shares of the financial services provider’s stock valued at $3,981,000 after buying an additional 12,013 shares during the period. Russell Frank Co raised its position in First Interstate BancSystem by 47.0% in the fourth quarter. Russell Frank Co now owns 161,093 shares of the financial services provider’s stock valued at $4,770,000 after buying an additional 51,473 shares during the period. Finally, Schroder Investment Management Group acquired a new position in First Interstate BancSystem during the fourth quarter valued at approximately $9,195,000.

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 operates through community banking segment.

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