Tnf LLC Has $812,000 Stock Holdings in First Interstate BancSystem, Inc. (NASDAQ:FIBK)

Tnf LLC increased its holdings in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,376 shares of the financial services provider’s stock after purchasing an additional 367 shares during the period. Tnf LLC’s holdings in First Interstate BancSystem were worth $812,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of First Interstate BancSystem by 235.6% in the 1st quarter. BNP Paribas Financial Markets now owns 78,311 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 54,973 shares during the period. Jennison Associates LLC lifted its stake in shares of First Interstate BancSystem by 9.6% in the 1st quarter. Jennison Associates LLC now owns 850,767 shares of the financial services provider’s stock valued at $23,149,000 after purchasing an additional 74,434 shares during the period. Sciencast Management LP acquired a new position in shares of First Interstate BancSystem in the 1st quarter valued at $705,000. Dimensional Fund Advisors LP raised its stake in First Interstate BancSystem by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,580,800 shares of the financial services provider’s stock worth $127,204,000 after buying an additional 367,212 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in First Interstate BancSystem during the 1st quarter worth $1,597,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

First Interstate BancSystem Price Performance

Shares of NASDAQ FIBK opened at $31.61 on Thursday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 12.59 and a beta of 0.81. The business has a 50-day moving average of $30.60 and a 200-day moving average of $28.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.79 and a quick ratio of 0.79. First Interstate BancSystem, Inc. has a fifty-two week low of $22.74 and a fifty-two week high of $33.00.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, sell-side analysts predict that First Interstate BancSystem, Inc. will post 2.34 earnings per share for the current fiscal year.

First Interstate BancSystem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Monday, November 4th. First Interstate BancSystem’s payout ratio is currently 74.90%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com downgraded First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods raised their price objective on First Interstate BancSystem from $29.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Wells Fargo & Company downgraded First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $30.00 to $28.00 in a research note on Tuesday, October 1st. Piper Sandler lowered their target price on First Interstate BancSystem from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Monday. Finally, Barclays cut First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $32.00 to $30.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Interstate BancSystem has an average rating of “Hold” and an average target price of $32.50.

First Interstate BancSystem 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.