Analysts Set Expectations for FIBK Q2 Earnings

First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for First Interstate BancSystem in a research note issued to investors on Thursday, May 1st. DA Davidson analyst J. Rulis forecasts that the financial services provider will post earnings of $0.57 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 $2.53 per share. DA Davidson also issued estimates for First Interstate BancSystem’s FY2025 earnings at $2.35 EPS and FY2026 earnings at $2.65 EPS.

A number of other equities analysts also recently commented on the stock. Stephens reduced their target price on shares of 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. Wells Fargo & Company cut their target price on First Interstate BancSystem from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, April 9th. Piper Sandler decreased their target price on shares of First Interstate BancSystem from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Barclays lowered their price target on First Interstate BancSystem from $31.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com cut shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, First Interstate BancSystem currently has an average rating of “Hold” and an average target price of $35.00.

First Interstate BancSystem Stock Up 1.5 %

NASDAQ FIBK opened at $27.05 on Friday. The business’s fifty day simple moving average is $27.58 and its 200-day simple moving average is $30.96. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.83 billion, a PE ratio of 12.35 and a beta of 0.81. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $36.77.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $42.00 million during the quarter, compared to analyst estimates of $253.50 million. First Interstate BancSystem had a net margin of 15.94% and a return on equity of 6.92%. First Interstate BancSystem’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS.

First Interstate BancSystem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, May 12th. This represents a $1.88 dividend on an annualized basis and a yield of 6.95%. First Interstate BancSystem’s payout ratio is currently 89.10%.

Insider Transactions at First Interstate BancSystem

In related news, Director John M. Heyneman, Jr. sold 1,335 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $32.56, for a total value of $43,467.60. Following the completion of the sale, the director now directly owns 1,414,886 shares of the company’s stock, valued at $46,068,688.16. This represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On First Interstate BancSystem

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIBK. Wood Tarver Financial Group LLC purchased a new stake in First Interstate BancSystem in the 4th quarter valued at $26,000. JNBA Financial Advisors acquired a new position in First Interstate BancSystem in the first quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in shares of First Interstate BancSystem in the fourth quarter valued at about $69,000. Covestor Ltd boosted its stake in shares of First Interstate BancSystem by 25.8% during the fourth quarter. Covestor Ltd now owns 2,485 shares of the financial services provider’s stock worth $81,000 after buying an additional 510 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of First Interstate BancSystem by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,501 shares of the financial services provider’s stock worth $81,000 after buying an additional 2,231 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About First Interstate BancSystem

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.