First Interstate Bancsystem Inc (FIBK) CEO Kevin P. Riley Acquires 800 Shares

First Interstate Bancsystem Inc (NASDAQ:FIBK) CEO Kevin P. Riley acquired 800 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $41.34 per share, for a total transaction of $33,072.00. Following the purchase, the chief executive officer now directly owns 28,349 shares of the company’s stock, valued at $1,171,947.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of First Interstate Bancsystem Inc (NASDAQ FIBK) opened at $40.65 on Thursday. The stock has a market capitalization of $2,290.00, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.79. First Interstate Bancsystem Inc has a 52 week low of $33.33 and a 52 week high of $45.35.

First Interstate Bancsystem (NASDAQ:FIBK) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.08). The firm had revenue of $138.03 million for the quarter, compared to the consensus estimate of $138.00 million. First Interstate Bancsystem had a return on equity of 9.37% and a net margin of 19.90%. equities research analysts forecast that First Interstate Bancsystem Inc will post 2.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.24. First Interstate Bancsystem’s dividend payout ratio (DPR) is 46.60%.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price objective on shares of First Interstate Bancsystem in a research note on Friday, December 22nd. Piper Jaffray Companies restated a “buy” rating on shares of First Interstate Bancsystem in a research note on Wednesday, January 31st. Barclays upped their price objective on First Interstate Bancsystem from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its stake in shares of First Interstate Bancsystem by 9.0% during the fourth quarter. California Public Employees Retirement System now owns 35,379 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 2,917 shares during the period. Teacher Retirement System of Texas bought a new position in shares of First Interstate Bancsystem during the fourth quarter worth approximately $364,000. Opus Capital Group LLC bought a new position in shares of First Interstate Bancsystem during the fourth quarter worth approximately $223,000. Mutual of America Capital Management LLC increased its stake in shares of First Interstate Bancsystem by 5.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 191,310 shares of the financial services provider’s stock worth $7,662,000 after purchasing an additional 10,701 shares during the period. Finally, Peregrine Capital Management LLC bought a new position in shares of First Interstate Bancsystem during the fourth quarter worth approximately $8,773,000. Institutional investors own 45.54% of the company’s stock.

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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.

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