First Interstate Bancsystem Inc (FIBK) was Downgraded by FIG Partners to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. FIG Partners advised their investors in a research report released on Jul 27, 2016.
First Interstate Bancsystem Inc closed down -0.01 points or -0.03% at $29.14 with 56,512 shares getting traded on Thursday. Post opening the session at $28.86, the shares hit an intraday low of $28.79 and an intraday high of $29.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 1, 2016, Jonathan R Scott (director) sold 1,000 shares at $28.91 per share price. According to the SEC, on May 31, 2016, Kevin Guenthner (SVP & Chief Infor. Officer) sold 897 shares at $28.85 per share price. On May 2, 2016, Kevin P Riley (CEO) purchased 1,200 shares at $27.50 per share price, according to the Form-4 filing with the securities and exchange commission.
First Interstate BancSystem Inc. is a financial and bank holding company. The Company through its wholly owned bank subsidiary First Interstate Bank delivers a range of banking products and services to individuals businesses municipalities and other entities. The Company 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. The Companys loan portfolio consists of short and long-term real estate consumer commercial agricultural and other loans. The Company offers depository products including checking savings and time deposits. It also offers repurchase agreements primarily to commercial and municipal depositors.