Allspring Global Investments Holdings LLC Reduces Stock Holdings in First Interstate BancSystem, Inc. $FIBK

Allspring Global Investments Holdings LLC lowered its stake in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 40.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,141 shares of the financial services provider’s stock after selling 37,790 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in First Interstate BancSystem were worth $1,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new stake in First Interstate BancSystem in the fourth quarter worth $25,000. Kestra Advisory Services LLC bought a new position in First Interstate BancSystem during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in First Interstate BancSystem by 139.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 862 shares during the last quarter. First Horizon Corp increased its position in First Interstate BancSystem by 56.0% during the fourth quarter. First Horizon Corp now owns 1,268 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 455 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of First Interstate BancSystem in the third quarter valued at $52,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FIBK has been the subject of several analyst reports. UBS Group raised their target price on shares of First Interstate BancSystem from $30.00 to $33.00 and gave the stock a “sell” rating in a report on Friday, May 1st. Barclays upped their price target on shares of First Interstate BancSystem from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. DA Davidson downgraded shares of First Interstate BancSystem from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $39.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded First Interstate BancSystem from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.33.

First Interstate BancSystem Trading Up 0.1%

FIBK stock opened at $38.12 on Friday. First Interstate BancSystem, Inc. has a 12 month low of $27.60 and a 12 month high of $40.60. The firm’s 50-day moving average is $37.17 and its 200 day moving average is $36.02. The company has a market capitalization of $3.70 billion, a PE ratio of 11.73 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. The company had revenue of $99.10 million during the quarter, compared to analysts’ expectations of $249.32 million. First Interstate BancSystem had a net margin of 22.64% and a return on equity of 9.49%. On average, research analysts anticipate that First Interstate BancSystem, Inc. will post 2.66 EPS for the current year.

First Interstate BancSystem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, August 4th. First Interstate BancSystem’s payout ratio is currently 57.85%.

Insider Activity at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Julie A. Scott sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.97, for a total transaction of $539,550.00. Following the transaction, the insider directly owned 488,359 shares in the company, valued at $17,566,273.23. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Jonathan R. Scott sold 4,500 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.29, for a total value of $163,305.00. Following the transaction, the insider owned 862,128 shares in the company, valued at $31,286,625.12. The trade was a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,392 shares of company stock valued at $1,161,552 in the last ninety days. Insiders own 8.00% of the company’s stock.

Key Stories Impacting First Interstate BancSystem

Here are the key news stories impacting First Interstate BancSystem this week:

• Positive Sentiment: First Interstate BancSystem delivered a stronger-than-expected Q2 2026 profit result, with EPS of $0.87 topping consensus and improving from both the previous quarter and last year. First Interstate BancSystem, Inc. Reports Second Quarter Earnings
• Positive Sentiment: The company also announced a quarterly dividend of $0.47 per share, reinforcing its income appeal with an annualized yield around 4.9%. First Interstate BancSystem, Inc. annonce le versement d’un dividende le 14 août 2026
• Neutral Sentiment: Multiple earnings recap articles and the earnings call transcript are adding attention to the results, but they largely reiterate the same beat-and-dividend story rather than introducing new catalysts. First Interstate BancSystem, Inc. (FIBK) Q2 2026 Earnings Call Transcript

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc is a bank holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides a full range of commercial and consumer banking services. Its offerings include business lending, commercial real estate financing, agricultural loans, residential mortgage products, and deposit accounts suitable for individuals, small businesses, and large corporations.

The company traces its roots back to the late 1960s and has grown through a combination of organic expansion and strategic acquisitions across the Western United States.