Bank of New York Mellon Corp Sells 31,178 Shares of First Interstate BancSystem, Inc. $FIBK

Bank of New York Mellon Corp trimmed its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 976,166 shares of the financial services provider’s stock after selling 31,178 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Interstate BancSystem were worth $32,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of First Interstate BancSystem during the 4th quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new stake in First Interstate BancSystem during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 862 shares in the last quarter. First Horizon Corp grew its stake in shares of First Interstate BancSystem by 56.0% in the 4th quarter. First Horizon Corp now owns 1,268 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 455 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of First Interstate BancSystem in the 3rd quarter valued at approximately $52,000. 88.71% of the stock is owned by institutional investors.

Insider Buying and Selling at First Interstate BancSystem

In other news, 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 completion of the sale, the insider directly owned 862,128 shares in the company, valued at approximately $31,286,625.12. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Julie A. Scott sold 15,000 shares of First Interstate BancSystem stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.97, for a total value of $539,550.00. Following the completion of the transaction, the insider directly owned 488,359 shares of the company’s stock, valued at $17,566,273.23. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,392 shares of company stock worth $1,161,552 in the last 90 days. Company insiders own 8.00% of the company’s stock.

Key Headlines 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

Wall Street Analyst Weigh In

Several equities analysts recently commented on FIBK shares. Barclays raised their target price on First Interstate BancSystem from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Wells Fargo & Company increased their price objective on First Interstate BancSystem from $30.00 to $36.00 and gave the stock an “underweight” rating in a research note on Monday, March 30th. Wall Street Zen raised First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a report on Monday, June 22nd. Weiss Ratings upgraded shares of First Interstate BancSystem from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $37.00 target price (down from $38.00) on shares of First Interstate BancSystem in a report on Friday, May 1st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.33.

First Interstate BancSystem Price Performance

Shares of FIBK opened at $38.12 on Monday. The company has a market capitalization of $3.70 billion, a P/E 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, Inc. has a one year low of $27.60 and a one year high of $40.60. The business’s 50 day simple moving average is $37.17 and its 200-day simple moving average is $36.02.

First Interstate BancSystem (NASDAQ:FIBK) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. First Interstate BancSystem had a return on equity of 9.55% and a net margin of 29.44%.The business had revenue of $99.10 million for the quarter, compared to analyst estimates of $249.32 million. As a group, sell-side analysts predict that First Interstate BancSystem, Inc. will post 2.66 EPS for the current fiscal year.

First Interstate BancSystem Dividend Announcement

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

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.