Insider Selling: Thomas W. Scott Sells 9,615 Shares of First Interstate Bancsystem Stock (FIBK)
First Interstate Bancsystem (NASDAQ:FIBK) Director Thomas W. Scott sold 9,615 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.50, for a total value of $245,182.50. Following the completion of the transaction, the director now directly owns 32,279 shares in the company, valued at approximately $823,115. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods upgraded shares of First Interstate Bancsystem from a “market perform” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $32.00 price target on the stock.
Shares of First Interstate Bancsystem (NASDAQ:FIBK) traded up 0.39% during mid-day trading on Friday, hitting $25.53. 47,527 shares of the company’s stock traded hands. First Interstate Bancsystem has a 1-year low of $22.36 and a 1-year high of $29.53. The stock’s 50-day moving average is $26.72 and its 200-day moving average is $26.30. The company has a market cap of $1.130 billion and a price-to-earnings ratio of 12.98.
First Interstate Bancsystem (NASDAQ:FIBK) last released its earnings data on Monday, July 21st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. Analysts expect that First Interstate Bancsystem will post $1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, August 1st.
First Interstate BancSystem, Inc is a bank holding company. The Company through its wholly owned bank subsidiary, First Interstate Bank (NASDAQ:FIBK), it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout Montana, Wyoming and western South Dakota.
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