Federated Investors Inc. PA grew its holdings in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,337 shares of the financial services provider’s stock after buying an additional 775 shares during the period. Federated Investors Inc. PA’s holdings in First Interstate BancSystem were worth $608,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of First Interstate BancSystem by 622.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,559 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of First Interstate BancSystem by 5.6% during the 1st quarter. Sei Investments Co. now owns 3,154 shares of the financial services provider’s stock worth $125,000 after buying an additional 168 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of First Interstate BancSystem by 38.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock worth $171,000 after buying an additional 1,278 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of First Interstate BancSystem during the 1st quarter worth approximately $216,000. Finally, Stevens Capital Management LP bought a new position in shares of First Interstate BancSystem during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 44.85% of the company’s stock.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) opened at 36.10 on Wednesday. First Interstate BancSystem, Inc. has a one year low of $30.70 and a one year high of $45.35. The company has a market capitalization of $2.04 billion, a PE ratio of 17.46 and a beta of 1.16. The company has a 50 day moving average price of $35.57 and a 200-day moving average price of $37.46.

First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. First Interstate BancSystem had a return on equity of 9.44% and a net margin of 21.08%. The business had revenue of $116.50 million for the quarter, compared to the consensus estimate of $119.97 million. Analysts expect that First Interstate BancSystem, Inc. will post $2.29 EPS for the current fiscal year.

A number of research firms have issued reports on FIBK. Keefe, Bruyette & Woods set a $43.00 price target on First Interstate BancSystem and gave the stock a “hold” rating in a report on Saturday, May 27th. BidaskClub upgraded First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, August 1st. Wells Fargo & Company upgraded First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Finally, Barclays PLC restated an “overweight” rating and set a $41.00 price target on shares of First Interstate BancSystem in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.00.

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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.

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

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