Susquehanna International Group LLP Sells 6,266 Shares of First Interstate BancSystem, Inc. (FIBK)

Susquehanna International Group LLP trimmed its holdings in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 22.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,111 shares of the financial services provider’s stock after selling 6,266 shares during the period. Susquehanna International Group LLP’s holdings in First Interstate BancSystem were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of First Interstate BancSystem by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,298,523 shares of the financial services provider’s stock worth $85,505,000 after buying an additional 503,474 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Interstate BancSystem by 26.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,890 shares of the financial services provider’s stock worth $81,762,000 after buying an additional 463,695 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Interstate BancSystem by 105.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,670,474 shares of the financial services provider’s stock worth $62,142,000 after buying an additional 858,775 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of First Interstate BancSystem by 63.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,603,013 shares of the financial services provider’s stock worth $59,632,000 after buying an additional 620,854 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of First Interstate BancSystem by 35.0% during the 2nd quarter. Macquarie Group Ltd. now owns 1,290,929 shares of the financial services provider’s stock worth $48,023,000 after buying an additional 334,425 shares during the last quarter. Institutional investors own 44.85% of the company’s stock.

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A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of First Interstate BancSystem from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, August 1st. ValuEngine downgraded shares of First Interstate BancSystem from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Barclays PLC set a $43.00 price objective on shares of First Interstate BancSystem and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.50.

Shares of First Interstate BancSystem, Inc. (NASDAQ FIBK) traded down 0.26% during midday trading on Friday, reaching $38.30. 24,114 shares of the company traded hands. The company has a 50-day moving average of $36.51 and a 200 day moving average of $37.08. First Interstate BancSystem, Inc. has a 12-month low of $30.70 and a 12-month high of $45.35. The firm has a market capitalization of $2.16 billion, a PE ratio of 18.53 and a beta of 1.17.

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

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.

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

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