Swiss National Bank Has $1.65 Million Stake in First Interstate BancSystem, Inc. (FIBK)

Swiss National Bank raised its stake in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 31.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,383 shares of the financial services provider’s stock after acquiring an additional 10,683 shares during the period. Swiss National Bank owned about 0.08% of First Interstate BancSystem worth $1,651,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of First Interstate BancSystem by 222.4% during the second quarter. Principal Financial Group Inc. now owns 29,427 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 20,300 shares during the period. IndexIQ Advisors LLC acquired a new position in shares of First Interstate BancSystem during the second quarter valued at $444,000. Great Lakes Advisors LLC lifted its stake in shares of First Interstate BancSystem by 22.5% during the second quarter. Great Lakes Advisors LLC now owns 36,030 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 6,612 shares during the period. American Century Companies Inc. lifted its stake in First Interstate BancSystem by 0.7% in the second quarter. American Century Companies Inc. now owns 61,791 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 414 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in First Interstate BancSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,531 shares of the financial services provider’s stock valued at $169,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 44.85% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://baseballnewssource.com/markets/swiss-national-bank-raises-position-in-first-interstate-bancsystem-inc-fibk/1700926.html.

A number of research firms have recently commented on FIBK. Barclays PLC set a $43.00 price target on First Interstate BancSystem and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BidaskClub upgraded First Interstate BancSystem from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, August 1st. Finally, ValuEngine downgraded First Interstate BancSystem from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.50.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) opened at 37.85 on Wednesday. The firm has a market capitalization of $2.14 billion, a PE ratio of 18.31 and a beta of 1.17. The firm has a 50-day moving average price of $36.60 and a 200 day moving average price of $37.05. First Interstate BancSystem, Inc. has a one year low of $30.70 and a one year high of $45.35.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $116.50 million during the quarter, compared to the consensus estimate of $119.97 million. First Interstate BancSystem had a net margin of 21.08% and a return on equity of 9.44%. Analysts anticipate that First Interstate BancSystem, Inc. will post $2.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.54%. First Interstate BancSystem’s dividend payout ratio is presently 46.38%.

First Interstate BancSystem Profile

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

Institutional Ownership by Quarter for First Interstate BancSystem (NASDAQ:FIBK)

Receive News & Ratings for First Interstate BancSystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Interstate BancSystem Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.