FIG Partners May Have Just Upped Their Stakes in First Interstate Bancsystem (NASDAQ:FIBK)

April 26, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.34, from 1.31 in 2017Q3. It worsened, as 14 investors sold First Interstate BancSystem, Inc. shares while 53 reduced holdings. 20 funds opened positions while 45 raised stakes. 25.53 million shares or 1.98% more from 25.03 million shares in 2017Q3 were reported.

Schwab Charles Investment Management Incorporated stated it has 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). 128,885 were reported by Parametric Port Associate Limited Liability Company. Northern Trust reported 427,679 shares. Great West Life Assurance Can holds 4,611 shares or 0% of its portfolio. Congress Asset Mngmt Communications Ma holds 0.03% or 46,359 shares. Victory Mngmt owns 6,544 shares. Legal & General Group Inc Public Limited Liability Corporation stated it has 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). 2.38 million were accumulated by Dimensional Fund Advsr L P. Metropolitan Life Insurance, New York-based fund reported 8,185 shares. Kennedy Capital holds 149,660 shares or 0.11% of its portfolio. Fsi Ltd Llc reported 1,906 shares. Manufacturers Life Insurance Communications The holds 0% or 20,964 shares in its portfolio. Captrust Finance Advsr has invested 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). Amer Century has invested 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). Alliancebernstein L P, a New York-based fund reported 71,274 shares.

Since December 4, 2017, it had 0 buys, and 7 sales for $10.76 million activity. The insider Gaglia Philip G sold 972 shares worth $39,877. 6,100 shares were sold by Scott James R. Jr, worth $244,421. 1,000 First Interstate BancSystem, Inc. (NASDAQ:FIBK) shares with value of $40,056 were sold by GUENTHNER KEVIN. Leckie Ross E. also sold $79,219 worth of First Interstate BancSystem, Inc. (NASDAQ:FIBK) shares.

First Interstate Bancsystem (NASDAQ:FIBK) Stock Upgrade

First Interstate Bancsystem (NASDAQ:FIBK)‘s stock was upped to a solid Outperform by research professionals at FIG Partners. FIBK’s past Market Perform rating is has been discontinued by the brokerage firm.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.34, from 1.31 in 2017Q3. It worsened, as 14 investors sold First Interstate BancSystem, Inc. shares while 53 reduced holdings. 20 funds opened positions while 45 raised stakes. 25.53 million shares or 1.98% more from 25.03 million shares in 2017Q3 were reported.

Schwab Charles Investment Management Incorporated stated it has 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). 128,885 were reported by Parametric Port Associate Limited Liability Company. Northern Trust reported 427,679 shares. Great West Life Assurance Can holds 4,611 shares or 0% of its portfolio. Congress Asset Mngmt Communications Ma holds 0.03% or 46,359 shares. Victory Mngmt owns 6,544 shares. Legal & General Group Inc Public Limited Liability Corporation stated it has 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). 2.38 million were accumulated by Dimensional Fund Advsr L P. Metropolitan Life Insurance, New York-based fund reported 8,185 shares. Kennedy Capital holds 149,660 shares or 0.11% of its portfolio. Fsi Ltd Llc reported 1,906 shares. Manufacturers Life Insurance Communications The holds 0% or 20,964 shares in its portfolio. Captrust Finance Advsr has invested 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). Amer Century has invested 0% of its portfolio in First Interstate BancSystem, Inc. (NASDAQ:FIBK). Alliancebernstein L P, a New York-based fund reported 71,274 shares.

Since December 4, 2017, it had 0 buys, and 7 sales for $10.76 million activity. The insider Gaglia Philip G sold 972 shares worth $39,877. 6,100 shares were sold by Scott James R. Jr, worth $244,421. 1,000 First Interstate BancSystem, Inc. (NASDAQ:FIBK) shares with value of $40,056 were sold by GUENTHNER KEVIN. Leckie Ross E. also sold $79,219 worth of First Interstate BancSystem, Inc. (NASDAQ:FIBK) shares.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Ratings Coverage

Among 4 analysts covering First Interstate Bancsystem (NASDAQ:FIBK), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. First Interstate Bancsystem has $48.0 highest and $45.0 lowest target. $46.50’s average target is 12.32% above currents $41.4 stock price. First Interstate Bancsystem had 4 analyst reports since December 21, 2017 according to SRatingsIntel. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, March 29 report. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of First Interstate BancSystem, Inc. (NASDAQ:FIBK) has “Buy” rating given on Tuesday, January 2 by Barclays Capital. As per Wednesday, January 31, the company rating was maintained by Piper Jaffray.

The stock increased 3.24% or $1.3 during the last trading session, reaching $41.4. About 506,635 shares traded or 197.58% up from the average. First Interstate BancSystem, Inc. (NASDAQ:FIBK) has risen 0.64% since April 27, 2017 and is uptrending. It has underperformed by 10.91% the S&P500.

First Interstate BancSystem, Inc. operates as the bank holding firm for First Interstate Bank that provides range of banking services and products in the United States. The company has market cap of $2.35 billion. The Company’s deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. It has a 20.2 P/E ratio. The companyÂ’s loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Institutional Positions Chart

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