BlackRock Amends FIRST INTERSTATE BANCSYSTEM Stake on Dec 31
Ticker: FIBK · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 860413
| Field | Detail |
|---|---|
| Company | First Interstate Bancsystem INC (FIBK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, form-13g
TL;DR
**BlackRock updated its stake in First Interstate Bancsystem, signaling its latest position.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Class A Common Stock in FIRST INTERSTATE BANCSYSTEM INC. This filing, dated for the event on December 31, 2023, is an amendment (No. 8) to their previous disclosures. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
Large institutional investors like BlackRock can influence stock prices through their buying and selling activity, and their updated holdings provide transparency into their investment strategies.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate a significant risk.
Analyst Insight
Investors should note BlackRock's continued involvement with FIRST INTERSTATE BANCSYSTEM INC, but this filing alone doesn't provide enough detail to make a definitive investment decision. Further analysis of BlackRock's specific ownership percentage (which is not detailed in this excerpt) and the company's fundamentals would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- FIRST INTERSTATE BANCSYSTEM INC (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 8)' in the filing.
Who is the reporting entity in this filing?
The reporting entity is BlackRock Inc., as stated under the 'FILED BY' section with 'COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company of this filing?
The subject company is FIRST INTERSTATE BANCSYSTEM INC, as identified under the 'SUBJECT COMPANY' section and 'Name of Issuer' on the Schedule 13G form.
What is the CUSIP number for the securities reported?
The CUSIP number for the Class A Common Stock of FIRST INTERSTATE BANCSYSTEM INC is 32055Y201, as listed on the Schedule 13G cover page.
When was the event that triggered this filing?
The event which required the filing of this statement occurred on December 31, 2023, as specified by 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding FIRST INTERSTATE BANCSYSTEM INC (FIBK).