First Interstate Bancsystem (NASDAQ:FIBK) Lifted to Buy at BidaskClub

Share on StockTwits

BidaskClub upgraded shares of First Interstate Bancsystem (NASDAQ:FIBK) from a hold rating to a buy rating in a report issued on Saturday morning, BidAskClub reports.

A number of other equities analysts have also weighed in on FIBK. Zacks Investment Research lowered First Interstate Bancsystem from a buy rating to a hold rating in a research note on Wednesday, July 3rd. Robert W. Baird started coverage on First Interstate Bancsystem in a research note on Wednesday, April 10th. They issued a neutral rating and a $42.00 price objective for the company. ValuEngine lowered First Interstate Bancsystem from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Piper Jaffray Companies set a $47.00 price objective on First Interstate Bancsystem and gave the stock a buy rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $43.98.

Shares of FIBK opened at $38.52 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average of $39.23. The stock has a market capitalization of $2.39 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. First Interstate Bancsystem has a 52 week low of $34.61 and a 52 week high of $47.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th will be paid a $0.31 dividend. This is a positive change from First Interstate Bancsystem’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, August 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. First Interstate Bancsystem’s dividend payout ratio is 42.47%.

In other First Interstate Bancsystem news, Director Peter I. Wold acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average price of $37.81 per share, with a total value of $37,810.00. Following the completion of the purchase, the director now directly owns 3,707 shares in the company, valued at approximately $140,161.67. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin P. Riley sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.36, for a total value of $196,800.00. Following the completion of the transaction, the chief executive officer now directly owns 21,880 shares of the company’s stock, valued at approximately $861,196.80. The disclosure for this sale can be found here. Corporate insiders own 24.93% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in First Interstate Bancsystem by 150.2% during the fourth quarter. FMR LLC now owns 1,340,663 shares of the financial services provider’s stock valued at $49,014,000 after buying an additional 804,884 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in First Interstate Bancsystem by 71.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,760 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,566 shares during the last quarter. First Interstate Bank boosted its stake in First Interstate Bancsystem by 35.2% during the first quarter. First Interstate Bank now owns 236,119 shares of the financial services provider’s stock valued at $9,402,000 after buying an additional 61,434 shares during the last quarter. Denali Advisors LLC boosted its stake in First Interstate Bancsystem by 11,186.4% during the first quarter. Denali Advisors LLC now owns 6,659 shares of the financial services provider’s stock valued at $265,000 after buying an additional 6,600 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in First Interstate Bancsystem by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 299,289 shares of the financial services provider’s stock valued at $10,942,000 after buying an additional 4,621 shares during the last quarter. 51.91% of the stock is owned by institutional investors.

About First Interstate Bancsystem

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. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.

See Also: What is a Call Option?

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.



Latest News

Analysts’ Updated EPS Estimates for August, 19th
Analysts’ Updated EPS Estimates for August, 19th
Advisory Services Network LLC Acquires 993 Shares of ISHARES CORE S&P U.S. GROWTH ETF
Advisory Services Network LLC Acquires 993 Shares of ISHARES CORE S&P U.S. GROWTH ETF
Advisory Services Network LLC Reduces Holdings in WISDOMTREE TR/EUROPE SMALLCAP DIV
Advisory Services Network LLC Reduces Holdings in WISDOMTREE TR/EUROPE SMALLCAP DIV
Advisory Services Network LLC Cuts Stake in iShares Dow Jones US Consumer Ser.
Advisory Services Network LLC Cuts Stake in iShares Dow Jones US Consumer Ser.
Paycom Software Inc  Insider Sells $5,821,000.00 in Stock
Paycom Software Inc Insider Sells $5,821,000.00 in Stock
Cardinal Energy Group  versus SAExploration  Financial Review
Cardinal Energy Group versus SAExploration Financial Review


© 2006-2019 Ticker Report