First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,204 shares of First Interstate Bancsystem stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $42.13, for a total value of $92,854.52. Following the completion of the transaction, the director now owns 17,027 shares of the company’s stock, valued at $717,347.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:FIBK traded down $0.03 during midday trading on Thursday, reaching $42.01. The company had a trading volume of 160,049 shares, compared to its average volume of 186,742. The firm has a market cap of $2.53 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. First Interstate Bancsystem Inc has a 12-month low of $34.61 and a 12-month high of $47.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

First Interstate Bancsystem (NASDAQ:FIBK) last released its earnings results on Wednesday, January 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The firm had revenue of $153.20 million during the quarter, compared to analyst estimates of $151.76 million. First Interstate Bancsystem had a return on equity of 10.93% and a net margin of 25.98%. Equities analysts forecast that First Interstate Bancsystem Inc will post 3.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Monday, February 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 8th. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 2.95%. First Interstate Bancsystem’s dividend payout ratio (DPR) is 42.47%.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered First Interstate Bancsystem from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded First Interstate Bancsystem from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Finally, Stephens assumed coverage on First Interstate Bancsystem in a report on Monday, January 14th. They issued an “overweight” rating and a $37.90 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.15.

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its holdings in First Interstate Bancsystem by 3.9% during the 3rd quarter. First Trust Advisors LP now owns 143,703 shares of the financial services provider’s stock worth $6,438,000 after buying an additional 5,375 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in First Interstate Bancsystem during the 3rd quarter worth about $202,000. US Bancorp DE lifted its holdings in First Interstate Bancsystem by 13.5% during the 3rd quarter. US Bancorp DE now owns 22,376 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,658 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in First Interstate Bancsystem by 57.1% during the 3rd quarter. Victory Capital Management Inc. now owns 16,529 shares of the financial services provider’s stock worth $740,000 after buying an additional 6,008 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in First Interstate Bancsystem by 2.5% during the 3rd quarter. Wells Fargo & Company MN now owns 249,834 shares of the financial services provider’s stock worth $11,192,000 after buying an additional 6,020 shares during the last quarter. Hedge funds and other institutional investors own 49.59% of the company’s stock.

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About First Interstate Bancsystem

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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Insider Buying and Selling by Quarter for First Interstate Bancsystem (NASDAQ:FIBK)

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