3 days Ago By ABMN Staff
American Century Companies Inc. decreased its position in First Interstate BancSystem, Inc. ( NASDAQ:FIBK – Free Report ) by 6.
4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,477,377 shares of the financial services provider’s stock after selling 169,462 shares during the period. American Century Companies Inc.
owned about 2.37% of First Interstate BancSystem worth $68,797,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently made changes to their positions in FIBK.
Franklin Resources Inc. lifted its position in First Interstate BancSystem by 36.2% during the fourth quarter.
Franklin Resources Inc. now owns 5,453,783 shares of the financial services provider’s stock valued at $167,704,000 after buying an additional 1,449,219 shares during the period. Norges Bank purchased a new position in First Interstate BancSystem during the fourth quarter valued at $26,584,000.
Dimensional Fund Advisors LP lifted its position in First Interstate BancSystem by 20.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,590,707 shares of the financial services provider’s stock valued at $110,418,000 after buying an additional 620,682 shares during the period.
Vanguard Group Inc. lifted its position in First Interstate BancSystem by 6.2% during the fourth quarter.
Vanguard Group Inc. now owns 9,180,595 shares of the financial services provider’s stock valued at $282,303,000 after buying an additional 533,293 shares during the period. Finally, Wellington Management Group LLP lifted its position in First Interstate BancSystem by 5.
0% during the fourth quarter. Wellington Management Group LLP now owns 2,970,727 shares of the financial services provider’s stock valued at $91,350,000 after buying an additional 142,069 shares during the period. Institutional investors own 88.
71% of the company’s stock. Wall Street Analyst Weigh In FIBK has been the subject of several analyst reports. Barclays raised their price target on First Interstate BancSystem from $29.
00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. StockNews.
com upgraded First Interstate BancSystem from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on First Interstate BancSystem from $29.00 to $31.
00 and gave the company a “market perform” rating in a report on Monday, July 29th. DA Davidson raised their price target on First Interstate BancSystem from $27.00 to $34.
00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Piper Sandler restated an “overweight” rating and set a $38.00 price target on shares of First Interstate BancSystem in a report on Monday, August 26th.
Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.
33. First Interstate BancSystem Price Performance NASDAQ FIBK opened at $30.20 on Monday.
First Interstate BancSystem, Inc. has a one year low of $20.81 and a one year high of $33.
00. The stock has a 50-day moving average of $29.87 and a 200 day moving average of $27.
69. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.
03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.
92, a quick ratio of 0.79 and a current ratio of 0.79.
First Interstate BancSystem ( NASDAQ:FIBK – Get Free Report ) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.
55 by $0.03. First Interstate BancSystem had a return on equity of 8.
19% and a net margin of 17.22%. The company had revenue of $244.
30 million during the quarter, compared to the consensus estimate of $246.07 million. During the same period last year, the company earned $0.
66 EPS. On average, sell-side analysts forecast that First Interstate BancSystem, Inc. will post 2.
34 EPS for the current year. First Interstate BancSystem Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were paid a dividend of $0.
47 per share. The ex-dividend date was Monday, August 5th. This represents a $1.
88 dividend on an annualized basis and a dividend yield of 6.23%. First Interstate BancSystem’s dividend payout ratio is currently 74.
90%. First Interstate BancSystem Company Profile ( Free Report ) First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.
Further Reading Want to see what other hedge funds are holding FIBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Interstate BancSystem, Inc. ( NASDAQ:FIBK – Free Report ).
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 ..
