First Interstate BancSystem, Inc. (NASDAQ:FIBK) Receives $36.14 Consensus PT from Analysts

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $36.14.

A number of analysts have issued reports on FIBK shares. DA Davidson restated a "buy" rating and issued a $42.00 price target on shares of First Interstate BancSystem in a report on Thursday, January 30th. UBS Group initiated coverage on shares of First Interstate BancSystem in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $35.00 price objective for the company. 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 report on Thursday, December 5th. StockNews.com raised shares of First Interstate BancSystem from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, 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.

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First Interstate BancSystem Price Performance

Shares of First Interstate BancSystem stock traded up $0.28 during trading on Friday, hitting $29.12. 446,018 shares of the company were exchanged, compared to its average volume of 594,281. First Interstate BancSystem has a fifty-two week low of $24.16 and a fifty-two week high of $36.77. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average price of $31.35 and a 200 day moving average price of $31.79. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.31 and a beta of 0.84.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) 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 net margin of 15.94% and a return on equity of 6.92%. On average, equities analysts expect that First Interstate BancSystem will post 2.53 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, February 20th. Shareholders of record on Monday, February 10th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.46%. The ex-dividend date was Monday, February 10th. First Interstate BancSystem's payout ratio is 85.84%.

Insider Activity

In related news, Director John M. Heyneman, Jr. sold 1,335 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were 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 in the company, valued at approximately $46,068,688.16. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Interstate BancSystem

A number of large investors have recently added to or reduced their stakes in the stock. Wood Tarver Financial Group LLC acquired a new position in First Interstate BancSystem during the 4th quarter worth $26,000. Point72 DIFC Ltd acquired a new position in shares of First Interstate BancSystem during the 3rd quarter worth about $34,000. Meeder Asset Management Inc. bought a new stake in First Interstate BancSystem during the 4th quarter valued at approximately $69,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in First Interstate BancSystem in the 3rd quarter valued at approximately $69,000. Finally, Covestor Ltd increased its position in First Interstate BancSystem by 25.8% in the 4th quarter. Covestor Ltd now owns 2,485 shares of the financial services provider's stock worth $81,000 after buying an additional 510 shares during the period. Institutional investors own 88.71% 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.