First Interstate Bancsystem Inc (NASDAQ:FIBK) insider Philip G. Gaglia sold 357 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $33.80, for a total value of $12,066.60. Following the transaction, the insider now owns 6,810 shares of the company’s stock, valued at $230,178. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of First Interstate Bancsystem Inc (FIBK) traded up 1.04% during trading on Friday, hitting $34.00. The stock had a trading volume of 160,119 shares. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 16.45 and a beta of 1.16. First Interstate Bancsystem Inc has a 12-month low of $30.10 and a 12-month high of $45.35. The stock has a 50-day moving average of $35.88 and a 200 day moving average of $37.99.

First Interstate Bancsystem (NASDAQ:FIBK) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. First Interstate Bancsystem had a return on equity of 7.29% and a net margin of 18.77%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $119.97 million. On average, analysts predict that First Interstate Bancsystem Inc will post $2.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Wednesday, August 2nd were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Monday, July 31st. First Interstate Bancsystem’s payout ratio is 46.38%.

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Several hedge funds and other institutional investors have recently modified their holdings of FIBK. BNP Paribas Arbitrage SA boosted its position 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 position 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 position 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 purchased a new stake in shares of First Interstate Bancsystem in the second quarter worth about $142,000. Finally, Victory Capital Management Inc. boosted its position 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. 44.85% of the stock is owned by institutional investors.

FIBK has been the subject of several recent research reports. ValuEngine cut First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut First Interstate Bancsystem from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub cut First Interstate Bancsystem from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Barclays PLC reiterated an “overweight” rating and issued a $41.00 price objective on shares of First Interstate Bancsystem in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company upgraded First Interstate Bancsystem from a “market perform” rating to an “outperform” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. First Interstate Bancsystem presently has an average rating of “Hold” and an average price target of $42.00.

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.

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

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