First Interstate BancSystem, Inc. (NASDAQ:FIBK) Director Ross E. Leckie sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $38.85, for a total transaction of $58,275.00. Following the completion of the sale, the director now owns 23,028 shares of the company’s stock, valued at $894,637.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, October 30th. First Interstate BancSystem’s payout ratio is 48.24%.

COPYRIGHT VIOLATION WARNING: “First Interstate BancSystem, Inc. (FIBK) Director Sells $58,275.00 in Stock” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/first-interstate-bancsystem-inc-fibk-director-sells-58275-00-in-stock.html.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of First Interstate BancSystem by 622.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,970 shares of the financial services provider’s stock valued at $110,000 after buying an additional 2,559 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of First Interstate BancSystem by 955.6% in the 2nd quarter. Quantbot Technologies LP now owns 3,019 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,733 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of First Interstate BancSystem in the 2nd quarter valued at $142,000. Victory Capital Management Inc. boosted its holdings in shares of First Interstate BancSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock valued at $169,000 after buying an additional 680 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of First Interstate BancSystem by 38.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,278 shares in the last quarter. Institutional investors and hedge funds own 44.97% of the company’s stock.

Several brokerages have weighed in on FIBK. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday. BidaskClub downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Barclays PLC set a $43.00 target price on shares of First Interstate BancSystem and gave the company a “buy” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.25.

First Interstate BancSystem Company Profile

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)

Receive News & Ratings for First Interstate BancSystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.