First Interstate BancSystem (NASDAQ:FIBK) Raised to "Hold" at StockNews.com

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently weighed in on FIBK. Wells Fargo & Company raised their target price on shares of First Interstate BancSystem from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 10th. Barclays raised their target price on shares of First Interstate BancSystem from $28.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods raised their target price on shares of First Interstate BancSystem from $28.00 to $29.00 and gave the company a "market perform" rating in a research note on Friday, April 26th. Stephens restated an "overweight" rating and issued a $32.00 target price on shares of First Interstate BancSystem in a research note on Thursday, April 25th. Finally, TheStreet downgraded shares of First Interstate BancSystem from a "b-" rating to a "c+" rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $30.20.

First Interstate BancSystem Stock Up 0.3 %

Shares of NASDAQ FIBK traded up $0.07 during midday trading on Tuesday, reaching $27.58. 702,570 shares of the company's stock traded hands, compared to its average volume of 796,615. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.90. The stock's 50 day simple moving average is $26.36 and its 200-day simple moving average is $27.09. First Interstate BancSystem has a one year low of $20.81 and a one year high of $32.54. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.99 and a beta of 0.85.

Insider Transactions at First Interstate BancSystem

In other news, EVP Karlyn M. Knieriem sold 2,900 shares of First Interstate BancSystem stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $26.76, for a total transaction of $77,604.00. Following the completion of the sale, the executive vice president now directly owns 20,599 shares in the company, valued at $551,229.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Lorrie F. Asker sold 1,921 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $26.05, for a total transaction of $50,042.05. Following the completion of the transaction, the insider now owns 6,909 shares of the company's stock, valued at $179,979.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Karlyn M. Knieriem sold 2,900 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $26.76, for a total transaction of $77,604.00. Following the transaction, the executive vice president now directly owns 20,599 shares of the company's stock, valued at approximately $551,229.24. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FIBK. Caprock Group LLC increased its holdings in First Interstate BancSystem by 1.8% in the first quarter. Caprock Group LLC now owns 25,251 shares of the financial services provider's stock valued at $687,000 after buying an additional 437 shares in the last quarter. Global Retirement Partners LLC increased its holdings in First Interstate BancSystem by 132.8% in the fourth quarter. Global Retirement Partners LLC now owns 929 shares of the financial services provider's stock valued at $26,000 after buying an additional 530 shares in the last quarter. Inspire Investing LLC increased its holdings in First Interstate BancSystem by 4.6% in the first quarter. Inspire Investing LLC now owns 13,057 shares of the financial services provider's stock valued at $355,000 after buying an additional 570 shares in the last quarter. Signaturefd LLC increased its holdings in First Interstate BancSystem by 22.0% in the third quarter. Signaturefd LLC now owns 3,886 shares of the financial services provider's stock valued at $97,000 after buying an additional 700 shares in the last quarter. Finally, CWM LLC increased its holdings in First Interstate BancSystem by 42.1% in the fourth quarter. CWM LLC now owns 2,368 shares of the financial services provider's stock valued at $73,000 after buying an additional 702 shares in the last quarter. Hedge funds and other 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.

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