River & Mercantile Asset Management LLP reduced its holdings in First Interstate BancSystem, INC (NASDAQ: FIBK) during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC).
This information was obtained by analyzing the disclosure that the company made earlier.
The fund held 38,203 shares of the company’s stock before the sale of 3,570 shares during the quarter. Following the sale, the fund’s total holdings were reduced to 38,203 shares. River & Mercantile Asset Management LLP’s position in First Interstate BancSystem was estimated to be worth $1,542,000 after the most recent reporting period.
This evaluation was carried out using the most recent information that was accessible.
In recent years, a significant amount of investigation has been concentrated on FIBK as the primary research topic.
A recommendation to “buy” First Interstate BancSystem was downgraded to a ” neutral ” rating in a research report made public by Janney Montgomery Scott on January 30.
This change reflected the firm’s lack of enthusiasm toward the company.
The “overweight” rating that Stephens had previously assigned to First Interstate BancSystem was changed to an “equal weight” rating in a research report published on February 1.
In addition, Stephens cut their price target for the stock from $44.00 to $43.00, bringing it closer to the current price. First, Interstate BancSystem was brought to public attention for the very first time by a research study that was released on StockNews.com on Thursday.
They suggested that customers “sell” the company to the company.
In a research note published on January 30, Wells Fargo & Company decreased their “overweight” rating on First Interstate BancSystem and their price objective, which had previously been set at $48, to $42.00.
In the end, an announcement that UBS Group would begin covering First Interstate BancSystem was made public in a research note written by the company and distributed on Wednesday.
They provided the company with a ” neutral rating,” and their price objective for the share is set at $33.00.
At the moment, market analysts have assigned the stock a total of seven ratings, which are as follows: four hold ratings, two buy ratings, one sell rating, and three hold ratings.
The information from Bloomberg indicates that the “Hold” recommendation is the most widely held opinion regarding the company and that the price target has been established at $42.00.
The amount of the company’s stock that hedge funds and other institutional investors held in their portfolios was recently adjusted due to recent market events.
During the third quarter, Quadrant Capital Group LLC achieved a 32.7% increase in the size of its holdings in First Interstate BancSystem.
As a result of the purchase of an additional 226 shares during the most recent quarter, Quadrant Capital Group LLC is now the owner of 917 shares in the financial services firm, with a total value of $37,000.
The company acquired these shares.
PNC Financial Services Group INC increased its holdings in First Interstate BancSystem by 263.2 percent over the first three months of 2018.
PNC Financial Services Group INC now has 2,081 shares held by the financial services provider after purchasing 1,508 additional shares during the most recent fiscal quarter.
This brings the company’s total shares held by the financial services provider to 2,081.
There is a value of $77,000 associated with these shares.
The number of shares held in First Interstate BancSystem by Captrust Financial Advisors increased by 489.2% over the first three months of 2018. Captrust Financial Advisors now has 2,881 stock held by the financial services provider due to the purchase of an additional 2,392 shares over the past three months.
The stock has $106,000, and Captrust Financial Advisors has paid $106,000 for the 2,881 shares.
Point72 Hong Kong Ltd made a new investment in First Interstate BancSystem that was worth $188,000 during the year’s second quarter.
And finally, during the third quarter, Xponance INC spent a total of 207,000 dollars on the acquisition of new shares of stock issued by First Interstate BancSystem.
Because they control 77.78% of the company’s shares, institutional investors can be considered in charge of the business.
A further piece of information is that on February 7, director James Brannen sold 9,300 of the company’s shares of stock.
This transaction occurred at different events altogether.
It was determined that the average selling price for the stock was $36.71 per share, and the total amount of shares sold was $341,403.00.
As a result of the successful completion of the transaction, the director now possesses 8,385 shares of the company, which collectively have a value of $307,813.35. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website. On February 7, director James Brannen made a transaction in which he sold 9,300 shares of the company’s stock.
This piece of information is relevant to this topic.
It was determined that the average selling price for the stock was $36.71 per share, and the total amount of shares sold was $341,403.00.
The director is now the proud owner of 8,385 shares of company stock, which have a combined value of $307,813.35, as a direct result of the transaction that took place earlier. You will be taken to a document that was submitted to the Securities and Exchange Commission if you select this link and click on it.
This document contains additional information about the transaction. Julie A. Scott, also a director of the company, sold 288,000 shares of the company’s stock on February 28.
The total amount obtained from the sale of the shares was $10,261,440.00, which comes out to $35.63 for each share sold. Following the completion of the sale, the director now owns a total of 2,517,351 shares of the company, which have an estimated value of $89,693,216.13 at present.
Disclosures related to the sale might be found in this website section.
Employees have an ownership stake of 6.40 percent of the total company value.
When the market opened on Thursday morning, the price of a share of stock in First Interstate BancSystem was $31.39 per share.
The lowest point during the past year for First Interstate BancSystem, INC was $29.50, while the highest point during the past year for the company was $46.34.
The moving average price of the stock over the previous 200 days is $39.86, while the moving average price over the previous 50 days is $36.33.
The debt-to-equity ratio is 0.85, the current ratio is 0.71, and the quick ratio is 0.71.
All three of these ratios are very similar.
These are all numbers that are very close to one another.
The company has a price-to-earnings ratio of 16.97, and its beta value is 0.86.
Both of these metrics are impressive.
The company has a market capitalization of $3.28 billion at present.
In addition, the company recently announced the distribution of its quarterly dividend, which took place on February 17 and was announced at the same time.
A dividend payment of $0.47 per share was distributed to ” recorded ” shareholders as of February 7.
The result is a dividend yield of 5.99% and an annual dividend payment of $1.88. On Monday, February 6, the dividend was sent out to shareholders who had been eligible for it.
The payout ratio for First Interstate BancSystem currently sits at 101.62% after recent adjustments.