Have First Interstate BancSystem, Inc. (NASDAQ:FIBK) Insiders Been Selling Their Stock?

Have First Interstate BancSystem, Inc. (NASDAQ:FIBK) Insiders Been Selling Their Stock?

NASDAQ:FIBK) shareholders haven’t noticed that an insider, James Scott, recently sold US$165k worth of stock at US$43.63 per share. On the bright side, that sale was only 7.7% of their holding, so we doubt it’s very meaningful, on its own.” data-reactid=”27″>We’d be surprised if First Interstate BancSystem, Inc. (NASDAQ:FIBK) shareholders haven’t noticed that an insider, James Scott, recently sold US$165k worth of stock at US$43.63 per share. On the bright side, that sale was only 7.7% of their holding, so we doubt it’s very meaningful, on its own.

In the last twelve months, the biggest single sale by an insider was when the insider, Jonathan Scott, sold US$645k worth of shares at a price of US$41.14 per share. So it’s clear an insider wanted to take some cash off the table, even below the current price of US$42.75. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. It is worth noting that this sale was 99% of Jonathan Scott’s holding.

Over the last year we saw more insider selling of First Interstate BancSystem shares, than buying. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:FIBK Recent Insider Trading, November 11th 2019

free report showing analyst forecasts for its future.” data-reactid=”48″>Insiders sold First Interstate BancSystem shares recently, but they didn’t buy any. And our longer term analysis of insider transactions didn’t bring confidence, either. But it is good to see that First Interstate BancSystem is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.‘ data-reactid=”51″>We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.


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