Research Analysts Issue Forecasts for FIBK Q1 Earnings

First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of First Interstate BancSystem in a research report issued on Thursday, January 30th. DA Davidson analyst J. Rulis anticipates that the financial services provider will earn $0.46 per share for the quarter. DA Davidson has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for First Interstate BancSystem’s current full-year earnings is $2.54 per share. DA Davidson also issued estimates for First Interstate BancSystem’s FY2025 earnings at $2.55 EPS and FY2026 earnings at $2.80 EPS.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. First Interstate BancSystem had a return on equity of 6.92% and a net margin of 15.94%.

Several other analysts also recently weighed in on FIBK. Wells Fargo & Company boosted their price target on First Interstate BancSystem from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday. StockNews.com downgraded First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Stephens lowered their target price on First Interstate BancSystem from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Barclays upped their target price on First Interstate BancSystem from $30.00 to $31.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods upped their target price on First Interstate BancSystem from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.14.

First Interstate BancSystem Stock Up 2.2 %

First Interstate BancSystem stock opened at $32.44 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50-day simple moving average is $32.97 and its two-hundred day simple moving average is $31.62. The company has a market cap of $3.39 billion, a PE ratio of 14.81 and a beta of 0.85. First Interstate BancSystem has a fifty-two week low of $24.16 and a fifty-two week high of $36.77.

First Interstate BancSystem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.88 dividend on an annualized basis and a yield of 5.80%. First Interstate BancSystem’s dividend payout ratio is currently 85.85%.

Insiders Place Their Bets

In other First Interstate BancSystem news, major shareholder James R. Scott, Jr. sold 6,067 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $34.50, for a total transaction of $209,311.50. Following the transaction, the insider now owns 75,387 shares in the company, valued at approximately $2,600,851.50. This represents a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Julie A. Scott sold 20,220 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.78, for a total value of $662,811.60. Following the transaction, the insider now directly owns 635,069 shares of the company’s stock, valued at $20,817,561.82. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,837 shares of company stock worth $1,839,583. 6.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Interstate BancSystem

A number of hedge funds have recently made changes to their positions in FIBK. Renaissance Technologies LLC acquired a new position in shares of First Interstate BancSystem during the second quarter valued at approximately $825,000. AQR Capital Management LLC acquired a new position in shares of First Interstate BancSystem during the second quarter valued at approximately $242,000. The Manufacturers Life Insurance Company raised its holdings in shares of First Interstate BancSystem by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 49,348 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 598 shares during the last quarter. Algert Global LLC acquired a new position in shares of First Interstate BancSystem during the second quarter valued at approximately $261,000. Finally, Creative Planning raised its holdings in shares of First Interstate BancSystem by 11.6% during the second quarter. Creative Planning now owns 24,415 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 2,545 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.