Stock Mover of The Day: First Interstate Bancsystem Inc Can’t Burn Your Short Portfolio. Has Another Weak Session

Stock Mover of The Day: First Interstate Bancsystem Inc Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of First Interstate Bancsystem Inc (NASDAQ:FIBK) is a huge mover today! About 392,429 shares traded hands or 362.78% up from the average. First Interstate Bancsystem Inc (NASDAQ:FIBK) has risen 32.23% since April 18, 2016 and is uptrending. It has outperformed by 27.80% the S&P500.
The move comes after 7 months negative chart setup for the $1.62B company. It was reported on Nov, 18 by Barchart.com. We have $34.30 PT which if reached, will make NASDAQ:FIBK worth $81.00 million less.

First Interstate Bancsystem Inc (NASDAQ:FIBK) Ratings Coverage

Out of 5 analysts covering First Interstate Bancsystem (NASDAQ:FIBK), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. First Interstate Bancsystem has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of First Interstate Bancsystem Inc (NASDAQ:FIBK) has “Outperform” rating given on Tuesday, February 9 by FIG Partners. The stock of First Interstate Bancsystem Inc (NASDAQ:FIBK) earned “Market Perform” rating by FIG Partners on Wednesday, July 27. The stock of First Interstate Bancsystem Inc (NASDAQ:FIBK) has “Market Perform” rating given on Wednesday, April 27 by Wood. The firm has “Buy” rating given on Wednesday, July 22 by Sandler O’Neill. On Thursday, July 30 the stock rating was upgraded by Piper Jaffray to “Overweight”.

According to Zacks Investment Research, “First Interstate BancSystem, Inc. is a financial and bank holding company. Through its wholly-owned subsidiary, First Interstate Bank, it delivers a range of banking products and services to individuals, businesses, municipalities and other entities throughout its market areas. The Company’s banking products and services include demand, time, checking, and savings deposits. The Company’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural, and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction, residential, agricultural, and other real estate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. First Interstate BancSystem, Inc. is headquartered in Billings, Montana.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.08, from 1.25 in 2016Q1. The ratio is negative, as 10 funds sold all First Interstate Bancsystem Inc shares owned while 34 reduced positions. 8 funds bought stakes while 47 increased positions. They now own 14.53 million shares or 2.65% less from 14.93 million shares in 2016Q1.
Blackrock Fund Advsr has 0% invested in the company for 478,997 shares. Massachusetts Fincl Services Ma reported 308,864 shares or 0% of all its holdings. Hexavest owns 3,200 shares or 0% of their US portfolio. Metropolitan Life Insur Ny holds 14,208 shares or 0% of its portfolio. Vanguard Gp has invested 0% of its portfolio in First Interstate Bancsystem Inc (NASDAQ:FIBK). Deere And holds 0.01% or 8,058 shares in its portfolio. Schwab Charles Mgmt, a California-based fund reported 104,080 shares. Victory Capital Mgmt has 4,199 shares for 0% of their US portfolio. The Pennsylvania-based Susquehanna Intll Grp Llp has invested 0% in First Interstate Bancsystem Inc (NASDAQ:FIBK). Natl Asset Mgmt holds 0.06% or 22,000 shares in its portfolio. Richard C Young Limited holds 200,815 shares or 1.25% of its portfolio. Moreover, Strs Ohio has 0% invested in First Interstate Bancsystem Inc (NASDAQ:FIBK) for 13,900 shares. Teachers Advisors accumulated 42,548 shares or 0% of the stock. Heartland accumulated 276,308 shares or 0.44% of the stock. Mutual Of America Capital Mgmt Limited Liability Corp last reported 0.08% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 8 sales for $527,786 net activity. $29,200 worth of First Interstate Bancsystem Inc (NASDAQ:FIBK) shares were sold by Scott Jonathan R. 897 shares with value of $25,878 were sold by GUENTHNER KEVIN on Thursday, May 26. $45,037 worth of shares were sold by Leckie Ross E. on Thursday, August 4. Scott James R. Jr also sold $196,987 worth of First Interstate Bancsystem Inc (NASDAQ:FIBK) shares.

More notable recent First Interstate Bancsystem Inc (NASDAQ:FIBK) news were published by: Reuters.com which released: “BRIEF-First Interstate BancSystem Inc expands into growth markets in the n…” on November 17, 2016, also Businesswire.com with their article: “First Interstate BancSystem, Inc. Expands into Growth Markets in the Northwest …” published on November 17, 2016, Businesswire.com published: “First Interstate BancSystem, Inc. Agrees to Acquire Flathead Bank of Bigfork …” on April 06, 2016. More interesting news about First Interstate Bancsystem Inc (NASDAQ:FIBK) were released by: Businesswire.com and their article: “First Interstate BancSystem, Inc. Announces Appointment of Chief Banking Officer” published on October 30, 2015 as well as Businesswire.com‘s news article titled: “First Interstate BancSystem, Inc. Announces Appointment of Chief Credit Officer” with publication date: March 10, 2016.

FIBK Company Profile

First Interstate BancSystem, Inc., incorporated on March 15, 1971, is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking services and products to individuals, businesses, municipalities and other entities. The Firm operates through community banking segment. The Company’s community banking segment provides clients with commercial and consumer banking services and products in its market areas through community service activities. The Firm also offers Internet and mobile banking services. In addition to its primary emphasis on commercial and consumer banking services, the Company also offers trust, employee benefit, investment and insurance services through its bank subsidiary. It operates approximately 80 banking offices, including detached drive up facilities, in over 40 communities located in Montana, Wyoming and western South Dakota.

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