Villere ST Denis J & Co. LLC Has $17.57 Million Stock Position in First Interstate BancSystem, Inc. (NASDAQ:FIBK)

Villere ST Denis J & Co. LLC lowered its position in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 541,219 shares of the financial services provider’s stock after selling 17,270 shares during the period. Villere ST Denis J & Co. LLC’s holdings in First Interstate BancSystem were worth $17,573,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in First Interstate BancSystem during the 3rd quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in First Interstate BancSystem during the 3rd quarter worth approximately $69,000. KBC Group NV boosted its position in First Interstate BancSystem by 34.1% during the 4th quarter. KBC Group NV now owns 4,018 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,022 shares during the last quarter. CWM LLC boosted its position in First Interstate BancSystem by 65.0% during the 3rd quarter. CWM LLC now owns 5,152 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 2,029 shares during the last quarter. Finally, Telos Capital Management Inc. acquired a new position in First Interstate BancSystem during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

First Interstate BancSystem Stock Up 0.1 %

FIBK opened at $32.69 on Friday. First Interstate BancSystem, Inc. has a 1-year low of $24.16 and a 1-year high of $36.77. The stock’s fifty day simple moving average is $32.67 and its 200 day simple moving average is $31.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.42 billion, a PE ratio of 14.93 and a beta of 0.85.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. First Interstate BancSystem had a return on equity of 6.92% and a net margin of 15.94%. As a group, research analysts expect that First Interstate BancSystem, Inc. will post 2.53 earnings per share for the current year.

First Interstate BancSystem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 5.75%. The ex-dividend date is Monday, February 10th. First Interstate BancSystem’s payout ratio is 85.85%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FIBK shares. Stephens reduced their price target on First Interstate BancSystem from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods increased their price objective on First Interstate BancSystem from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on First Interstate BancSystem from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $42.00 price objective on shares of First Interstate BancSystem in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.14.

Insiders Place Their Bets

In other First Interstate BancSystem news, major shareholder James R. Scott, Jr. sold 6,067 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $34.50, for a total transaction of $209,311.50. Following the transaction, the insider now owns 75,387 shares in the company, valued at $2,600,851.50. This trade represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.90% 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.