First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Patricia L. Moss sold 465 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $35.66, for a total value of $16,581.90. Following the transaction, the director now directly owns 7,717 shares of the company’s stock, valued at approximately $275,188.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of First Interstate BancSystem, Inc. (FIBK) traded down 2.09% during trading on Thursday, reaching $35.05. The company’s stock had a trading volume of 319,575 shares. First Interstate BancSystem, Inc. has a one year low of $29.78 and a one year high of $45.35. The company has a 50-day moving average price of $36.70 and a 200-day moving average price of $38.62. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 16.96 and a beta of 1.15.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Wednesday, August 2nd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Monday, July 31st. First Interstate BancSystem’s dividend payout ratio (DPR) is currently 46.38%.

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Several brokerages have commented on FIBK. Keefe, Bruyette & Woods set a $43.00 price objective on First Interstate BancSystem and gave the company a “hold” rating in a research report on Saturday, May 27th. BidaskClub raised First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research raised First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, August 1st. Wells Fargo & Company raised First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Finally, Barclays PLC reissued an “overweight” rating and set a $41.00 price objective on shares of First Interstate BancSystem in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. First Interstate BancSystem has a consensus rating of “Buy” and an average target price of $42.00.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of First Interstate BancSystem by 622.6% in the second 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 during the period. Quantbot Technologies LP boosted its stake in shares of First Interstate BancSystem by 955.6% in the second quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,733 shares during the period. Sei Investments Co. boosted its stake in shares of First Interstate BancSystem by 5.6% in the first 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 during the period. Brandywine Global Investment Management LLC bought a new stake in shares of First Interstate BancSystem during the second quarter worth $142,000. Finally, Victory Capital Management Inc. boosted its stake in shares of First Interstate BancSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock worth $169,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 41.10% of the company’s stock.

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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