FIRST INTERSTATE BANK recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
PO BOX 30918 Billings, MT 59116
As of the latest 13F report, the guru’s equity portfolio contained 185 stocks valued at a total of $1.35Bil. The top holdings were
According to GuruFocus data, these were FIRST INTERSTATE BANK’s top five trades of the quarter.
First Interstate BancSystem Inc
FIRST INTERSTATE BANK reduced their investment in NAS:FIBK by 1,792,997 shares. The trade had a 5.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $40.28.
On 01/31/2023, First Interstate BancSystem Inc traded for a price of $34.28 per share and a market cap of $3.58Bil. The stock has returned -3.59% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, First Interstate BancSystem Inc has a price-earnings ratio of 33.28, a price-book ratio of 1.19, a price-earnings-to-growth (PEG) ratio of 4.21 and a price-sales ratio of 3.31.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Vanguard Intermediate-Term Government Bond ETF
During the quarter, FIRST INTERSTATE BANK bought 724,540 shares of NAS:VGIT for a total holding of 1,325,149. The trade had a 3.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $60.43.
On 01/31/2023, Vanguard Intermediate-Term Government Bond ETF traded for a price of $59.64 per share and a market cap of $13.79Bil. The stock has returned -7.27% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Russell 3000 ETF
The guru sold out of their 84,589-share investment in ARCA:IWV. Previously, the stock had a 1.39% weight in the equity portfolio. Shares traded for an average price of $229.05 during the quarter.
On 01/31/2023, iShares Russell 3000 ETF traded for a price of $232.09 per share and a market cap of $10.90Bil. The stock has returned -7.87% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 3000 ETF has a price-earnings ratio of 18.80 and a price-book ratio of 3.46.
iShares U.S. Preferred Stock
FIRST INTERSTATE BANK reduced their investment in NAS:PFF by 368,846 shares. The trade had a 0.92% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.19.
On 01/31/2023, iShares U.S. Preferred Stock traded for a price of $33.4 per share and a market cap of $14.14Bil. The stock has returned -5.46% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Vanguard Intermediate-Term Corporate Bond ETF
During the quarter, FIRST INTERSTATE BANK bought 104,929 shares of NAS:VCIT for a total holding of 1,209,030. The trade had a 0.64% impact on the equity portfolio. During the quarter, the stock traded for an average price of $79.70999999999999.
On 01/31/2023, Vanguard Intermediate-Term Corporate Bond ETF traded for a price of $80.2 per share and a market cap of $41.08Bil. The stock has returned -8.62% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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