Barclays PLC Has $6.33 Million Stock Holdings in First Interstate BancSystem, Inc. (NASDAQ:FIBK)

Barclays PLC lifted its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,213 shares of the financial services provider's stock after acquiring an additional 32,298 shares during the quarter. Barclays PLC owned 0.20% of First Interstate BancSystem worth $6,326,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of First Interstate BancSystem by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,580,800 shares of the financial services provider's stock worth $127,204,000 after purchasing an additional 367,212 shares during the period. Jennison Associates LLC raised its stake in First Interstate BancSystem by 57.3% during the third quarter. Jennison Associates LLC now owns 885,802 shares of the financial services provider's stock worth $27,176,000 after acquiring an additional 322,578 shares during the period. Hantz Financial Services Inc. bought a new position in First Interstate BancSystem in the second quarter worth about $3,003,000. Hotchkis & Wiley Capital Management LLC boosted its stake in First Interstate BancSystem by 100.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 211,390 shares of the financial services provider's stock valued at $6,485,000 after acquiring an additional 105,670 shares during the period. Finally, Wellington Management Group LLP boosted its stake in First Interstate BancSystem by 6.5% in the third quarter. Wellington Management Group LLP now owns 1,288,214 shares of the financial services provider's stock valued at $39,522,000 after acquiring an additional 78,596 shares during the period. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on First Interstate BancSystem from $32.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. DA Davidson upgraded First Interstate BancSystem from a "neutral" rating to a "buy" rating and raised their target price for the company from $32.00 to $42.00 in a research note on Tuesday, November 26th. Piper Sandler lowered their price target on shares of First Interstate BancSystem from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. StockNews.com upgraded shares of First Interstate BancSystem from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Wells Fargo & Company upped their target price on shares of First Interstate BancSystem from $28.00 to $30.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.14.

First Interstate BancSystem Price Performance

First Interstate BancSystem stock traded up $1.12 during trading hours on Friday, hitting $32.64. 1,819,626 shares of the company traded hands, compared to its average volume of 681,110. First Interstate BancSystem, Inc. has a 1-year low of $24.16 and a 1-year high of $36.77. The firm has a market cap of $3.41 billion, a P/E ratio of 14.32 and a beta of 0.84. The firm's 50-day simple moving average is $33.09 and its two-hundred day simple moving average is $30.46. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). First Interstate BancSystem had a net margin of 15.94% and a return on equity of 7.48%. During the same quarter last year, the business posted $0.70 EPS. As a group, analysts forecast that First Interstate BancSystem, Inc. will post 2.28 earnings per share for the current fiscal year.

First Interstate BancSystem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, November 4th. This represents a $1.88 annualized dividend and a yield of 5.76%. First Interstate BancSystem's dividend payout ratio is currently 82.46%.

Insider Buying and Selling

In other news, major shareholder James R. Scott, Jr. sold 6,067 shares of First Interstate BancSystem stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $34.50, for a total value of $209,311.50. Following the transaction, the insider now owns 75,387 shares of the company's stock, valued at $2,600,851.50. The trade was a 7.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan R. Scott sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $34.18, for a total transaction of $222,170.00. Following the completion of the sale, the director now owns 958,710 shares in the company, valued at $32,768,707.80. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,837 shares of company stock valued at $1,839,583 over the last three months. Company insiders own 6.90% of the company's stock.

First Interstate BancSystem Company 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.