Dakota Wealth Management Sells 13,202 Shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK)

Dakota Wealth Management trimmed its holdings in First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) by 39.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,007 shares of the financial services provider's stock after selling 13,202 shares during the quarter. Dakota Wealth Management's holdings in First Interstate BancSystem were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in First Interstate BancSystem by 38.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,065 shares of the financial services provider's stock worth $457,000 after acquiring an additional 3,929 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of First Interstate BancSystem by 37,734.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 141,502 shares of the financial services provider's stock worth $4,595,000 after buying an additional 141,128 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Interstate BancSystem by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,992,873 shares of the financial services provider's stock worth $61,152,000 after purchasing an additional 59,367 shares in the last quarter. Barclays PLC grew its stake in First Interstate BancSystem by 18.6% in the 3rd quarter. Barclays PLC now owns 206,213 shares of the financial services provider's stock worth $6,326,000 after buying an additional 32,298 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in First Interstate BancSystem by 13.9% in the third quarter. Jane Street Group LLC now owns 188,084 shares of the financial services provider's stock valued at $5,770,000 after acquiring an additional 22,899 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other First Interstate BancSystem news, major shareholder Julie A. Scott sold 20,220 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.78, for a total value of $662,811.60. Following the completion of the transaction, the insider now directly owns 635,069 shares in the company, valued at approximately $20,817,561.82. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder James R. Scott, Jr. sold 6,067 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $34.50, for a total value of $209,311.50. Following the sale, the insider now owns 75,387 shares of the company's stock, valued at approximately $2,600,851.50. The trade was a 7.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,837 shares of company stock worth $1,839,583. 6.90% of the stock is owned by corporate insiders.

First Interstate BancSystem Stock Down 0.1 %

Shares of NASDAQ FIBK traded down $0.03 during trading hours on Friday, hitting $32.59. 472,022 shares of the stock were exchanged, compared to its average volume of 501,242. The firm has a fifty day moving average price of $33.16 and a 200-day moving average price of $31.47. First Interstate BancSystem, Inc. has a 12 month low of $24.16 and a 12 month high of $36.77. The company has a market cap of $3.41 billion, a PE ratio of 14.29 and a beta of 0.85. 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 results on Thursday, October 24th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $0.70 EPS. On average, sell-side analysts expect that First Interstate BancSystem, Inc. will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

FIBK has been the subject of several analyst reports. Barclays upped their price target on shares of First Interstate BancSystem from $30.00 to $31.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. UBS Group began coverage on shares of First Interstate BancSystem in a report on Tuesday, December 17th. They set a "neutral" rating and a $35.00 target price on the stock. DA Davidson upgraded First Interstate BancSystem from a "neutral" rating to a "buy" rating and upped their price target for the stock from $32.00 to $42.00 in a research note on Tuesday, November 26th. Piper Sandler dropped their target price on shares of First Interstate BancSystem from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $35.00.

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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.