Great West Life Assurance Co. Can raised its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 38.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,611 shares of the financial services provider’s stock after buying an additional 1,278 shares during the period. Great West Life Assurance Co. Can’s holdings in First Interstate BancSystem were worth $171,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY boosted its position in First Interstate BancSystem by 4.6% in the second quarter. Cypress Capital Management LLC WY now owns 150,633 shares of the financial services provider’s stock valued at $5,604,000 after buying an additional 6,632 shares in the last quarter. OLD National Bancorp IN boosted its position in First Interstate BancSystem by 35.5% in the second quarter. OLD National Bancorp IN now owns 12,297 shares of the financial services provider’s stock valued at $457,000 after buying an additional 3,222 shares in the last quarter. Macquarie Group Ltd. boosted its position in First Interstate BancSystem by 2.0% in the first quarter. Macquarie Group Ltd. now owns 956,504 shares of the financial services provider’s stock valued at $37,925,000 after buying an additional 19,049 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in First Interstate BancSystem in the first quarter valued at about $369,000. Finally, Paloma Partners Management Co acquired a new position in First Interstate BancSystem in the first quarter valued at about $244,000. Hedge funds and other institutional investors own 44.85% of the company’s stock.

First Interstate BancSystem, Inc. (FIBK) opened at 35.45 on Friday. First Interstate BancSystem, Inc. has a 52 week low of $30.70 and a 52 week high of $45.35. The company has a market capitalization of $2.00 billion, a P/E ratio of 17.15 and a beta of 1.16. The firm has a 50 day moving average of $35.61 and a 200-day moving average of $37.67.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. First Interstate BancSystem had a net margin of 21.08% and a return on equity of 9.44%. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $119.97 million. On average, analysts forecast that First Interstate BancSystem, Inc. will post $2.29 earnings per share for the current year.

FIBK has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub raised shares of First Interstate BancSystem from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods set a $43.00 target price on shares of First Interstate BancSystem and gave the stock a “hold” rating in a research note on Saturday, May 27th. Finally, Wells Fargo & Company raised shares of First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. First Interstate BancSystem presently has a consensus rating of “Hold” and an average target price of $42.00.

WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/16/first-interstate-bancsystem-inc-fibk-holdings-boosted-by-great-west-life-assurance-co-can.html.

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.

Institutional Ownership by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

Receive News & Ratings for First Interstate BancSystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.