First Interstate BancSystem, Inc. (NASDAQ:FIBK) Holdings Raised by Keybank National Association OH

Keybank National Association OH grew its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,912 shares of the financial services provider’s stock after acquiring an additional 2,787 shares during the quarter. Keybank National Association OH’s holdings in First Interstate BancSystem were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Wrapmanager Inc. increased its holdings in shares of First Interstate BancSystem by 5.0% in the 3rd quarter. Wrapmanager Inc. now owns 8,979 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 429 shares during the last quarter. KBC Group NV increased its holdings in shares of First Interstate BancSystem by 34.1% in the 4th quarter. KBC Group NV now owns 4,018 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,022 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of First Interstate BancSystem in the 3rd quarter valued at approximately $34,000. Rhumbline Advisers boosted its position in First Interstate BancSystem by 1.4% during the 4th quarter. Rhumbline Advisers now owns 129,964 shares of the financial services provider’s stock valued at $4,220,000 after purchasing an additional 1,785 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in First Interstate BancSystem during the 3rd quarter valued at approximately $69,000. 88.71% of the stock is currently owned by institutional investors.

Insider Activity at First Interstate BancSystem

In other news, Director John M. Heyneman, Jr. sold 1,335 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $32.56, for a total transaction of $43,467.60. Following the completion of the sale, the director now directly owns 1,414,886 shares of the company’s stock, valued at $46,068,688.16. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

FIBK has been the subject of a number of analyst reports. Stephens reduced their price objective on First Interstate BancSystem from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. StockNews.com upgraded First Interstate BancSystem from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Piper Sandler reduced their price objective on First Interstate BancSystem from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on First Interstate BancSystem from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, UBS Group initiated coverage on First Interstate BancSystem in a research report on Tuesday, December 17th. They set a “neutral” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, First Interstate BancSystem presently has a consensus rating of “Hold” and an average target price of $36.14.

First Interstate BancSystem Trading Down 3.9 %

NASDAQ:FIBK opened at $27.81 on Tuesday. First Interstate BancSystem, Inc. has a 1 year low of $24.16 and a 1 year high of $36.77. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 12.70 and a beta of 0.84. The business has a fifty day moving average of $31.79 and a 200-day moving average of $31.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 0.78.

First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. First Interstate BancSystem had a return on equity of 6.92% and a net margin of 15.94%. Equities analysts predict that First Interstate BancSystem, Inc. will post 2.53 earnings per share for the current year.

First Interstate BancSystem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, February 10th. This represents a $1.88 annualized dividend and a yield of 6.76%. First Interstate BancSystem’s dividend payout ratio is currently 85.84%.

First Interstate BancSystem Profile

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.