First Interstate BancSystem Stock Is Back in Focus After Shelf Filing and Analyst Cut
First Interstate BancSystem Inc. filed a new automatic shelf registration on Tuesday, giving the Montana-based regional bank room to raise capital later, a move that put FIBK back in focus after the shares closed higher and a market headline reported a D.A. Davidson downgrade. A shelf registration is a standing SEC filing that lets a company sell securities later, usually with a new supplement spelling out the price, size and underwriters. First Interstate’s May 26 filing covered common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts and units.