First Interstate Bancsystem Inc (NASDAQ:FIBK) Director Ross E. Leckie sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.61, for a total transaction of $79,220.00. Following the completion of the sale, the director now owns 21,028 shares in the company, valued at $832,919.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

First Interstate Bancsystem Inc (NASDAQ:FIBK) traded down $0.20 during mid-day trading on Tuesday, hitting $39.35. 279,500 shares of the stock were exchanged, compared to its average volume of 223,500. First Interstate Bancsystem Inc has a twelve month low of $33.33 and a twelve month high of $45.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $2,240.00, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.88 and a beta of 1.18.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.44%. First Interstate Bancsystem’s dividend payout ratio is currently 48.00%.

Several hedge funds have recently added to or reduced their stakes in FIBK. Great West Life Assurance Co. Can raised its holdings in shares of First Interstate Bancsystem by 38.3% during the second quarter. Great West Life Assurance Co. Can now owns 4,611 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,278 shares during the period. Sei Investments Co. raised its holdings in shares of First Interstate Bancsystem by 203.6% during the second quarter. Sei Investments Co. now owns 9,577 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 6,423 shares during the period. Granite Investment Partners LLC grew its position in First Interstate Bancsystem by 0.4% during the second quarter. Granite Investment Partners LLC now owns 29,273 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 113 shares in the last quarter. First Trust Advisors LP grew its position in First Interstate Bancsystem by 196.5% during the second quarter. First Trust Advisors LP now owns 117,541 shares of the financial services provider’s stock valued at $4,373,000 after purchasing an additional 77,901 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in First Interstate Bancsystem by 13.7% during the second quarter. Wedge Capital Management L L P NC now owns 11,124 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

A number of research firms have recently issued reports on FIBK. Zacks Investment Research upgraded shares of First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, November 1st. Barclays set a $43.00 price target on shares of First Interstate Bancsystem and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of First Interstate Bancsystem from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.25.

ILLEGAL ACTIVITY WARNING: “Insider Selling: First Interstate Bancsystem Inc (FIBK) Director Sells 2,000 Shares of Stock” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/12/insider-selling-first-interstate-bancsystem-inc-fibk-director-sells-2000-shares-of-stock.html.

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)

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