First Interstate Ban (NASDAQ:FIBK).
Basswood Capital Management, L.l.c. increased its stake in First Interstate Ban by 297,172 shares in a 13F filing with the SEC. Its position was valued at $12,936,000 an increase of 747.7% as of the end of the quarter.
Basswood Capital Management, L.l.c. isn’t the only one who has changed their investment in FIBK. Lsv Asset Management expanded its ownership by buying 65,100 shares an increase of 10.5% in the quarter. Lsv Asset Management controls 683,685 shares worth $26,150,000. The total value of its holdings increased 13.6%. As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 111,928 shares growing its stake by 5.1%. The value of the investment in (FIBK) went from $81,762,000 to $88,349,000 a change of $6,587,000 quarter over quarter.
Great Lakes Advisors, LLC grew its position by buying 2,822 shares an increase of 7.8% as of 09/30/2017. Great Lakes Advisors, LLC claims 38,852 shares with a value of $1,486,000. The value of the position overall is up by 10.9%.
Barclays PLC updated coverage of FIBK with a rating of “Buy” and setting a price target of $43.00.
The company is trading up by 0.53% since yesterday’s close of 37.55. The P/E ratio is 18.89 and market capitalization is 2.13B. As of the last earnings report the EPS was $2.00 with 33.38M shares outstanding.
Short traders are feeling a little more bullish recently if you take into consideration the motion in short interest. The firm realized a fall in short interest of -21.84% as of October 13, 2017 from the last reporting period. Short interest fell from 372,596 to 291,228 over that period. With short interest at 291,228 and short average daily volume at 190,814, days to cover is 2.0 and the short interest percentage is 0.01% as of October 13.