SG Americas Securities LLC Has $406,000 Holdings in First Interstate BancSystem, Inc. (NASDAQ:FIBK)

SG Americas Securities LLC boosted its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) by 270.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,173 shares of the financial services provider's stock after purchasing an additional 10,344 shares during the quarter. SG Americas Securities LLC's holdings in First Interstate BancSystem were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC increased its holdings in shares of First Interstate BancSystem by 1.9% during the fourth quarter. Evergreen Capital Management LLC now owns 24,580 shares of the financial services provider's stock valued at $798,000 after purchasing an additional 468 shares during the period. Covestor Ltd grew 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 valued at $81,000 after buying an additional 510 shares in the last quarter. Tower Research Capital LLC TRC grew its position in First Interstate BancSystem by 7.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,872 shares of the financial services provider's stock valued at $385,000 after buying an additional 807 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in First Interstate BancSystem during the 4th quarter valued at about $26,000. Finally, Swiss National Bank raised its position in shares of First Interstate BancSystem by 0.5% during the 4th quarter. Swiss National Bank now owns 185,046 shares of the financial services provider's stock worth $6,008,000 after buying an additional 1,000 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

First Interstate BancSystem Price Performance

First Interstate BancSystem stock traded down $0.53 during mid-day trading on Friday, hitting $28.48. The company's stock had a trading volume of 3,435,445 shares, compared to its average volume of 714,482. The stock has a market capitalization of $2.99 billion, a P/E ratio of 13.50 and a beta of 0.79. First Interstate BancSystem, Inc. has a twelve month low of $22.95 and a twelve month high of $36.77. The stock's fifty day moving average price is $27.24 and its two-hundred day moving average price is $29.31. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.37.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $42.00 million for the quarter, compared to the consensus estimate of $253.50 million. First Interstate BancSystem had a return on equity of 6.57% and a net margin of 14.93%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. Research analysts forecast that First Interstate BancSystem, Inc. will post 2.53 earnings per share for the current year.

First Interstate BancSystem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.60%. First Interstate BancSystem's dividend payout ratio (DPR) is 89.10%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIBK. Wells Fargo & Company decreased their price objective on shares of First Interstate BancSystem from $30.00 to $25.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upgraded First Interstate BancSystem from a "hold" rating to a "moderate buy" rating and set a $32.00 target price for the company in a research report on Monday, June 23rd. Wall Street Zen upgraded First Interstate BancSystem from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Finally, Barclays dropped their price objective on First Interstate BancSystem from $31.00 to $28.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $34.43.

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.