First Interstate BancSystem’s (FIBK) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of First Interstate BancSystem (NASDAQ:FIBK) in a report published on Thursday morning,Benzinga reports. They currently have a $42.00 price objective on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised their target price on First Interstate BancSystem from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Wall Street Zen lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. UBS Group restated a “neutral” rating and set a $37.00 target price on shares of First Interstate BancSystem in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of First Interstate BancSystem in a research report on Monday, December 29th. Finally, Barclays raised their target price on shares of First Interstate BancSystem from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.86.

First Interstate BancSystem Stock Down 1.4%

Shares of First Interstate BancSystem stock opened at $36.14 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.73 and a current ratio of 0.74. First Interstate BancSystem has a 52-week low of $22.95 and a 52-week high of $38.78. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 12.25 and a beta of 0.80. The company’s 50 day moving average price is $35.40 and its 200-day moving average price is $32.71.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.44. The company had revenue of $205.10 million during the quarter, compared to analyst estimates of $256.89 million. First Interstate BancSystem had a net margin of 17.62% and a return on equity of 8.86%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Equities research analysts forecast that First Interstate BancSystem will post 2.53 EPS for the current year.

First Interstate BancSystem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, February 10th. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 63.73%.

Insider Transactions at First Interstate BancSystem

In other First Interstate BancSystem news, Director John M. Heyneman, Jr. sold 30,432 shares of First Interstate BancSystem stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $31.03, for a total value of $944,304.96. Following the completion of the sale, the director owned 1,414,636 shares of the company’s stock, valued at approximately $43,896,155.08. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jonathan R. Scott sold 1,827 shares of First Interstate BancSystem stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $36.92, for a total value of $67,452.84. Following the completion of the sale, the insider directly owned 936,024 shares of the company’s stock, valued at $34,558,006.08. The trade was a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 60,232 shares of company stock valued at $1,914,116. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On First Interstate BancSystem

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HoldCo Asset Management LP bought a new position in shares of First Interstate BancSystem during the 2nd quarter valued at approximately $102,890,000. Vanguard Group Inc. raised its stake in First Interstate BancSystem by 13.7% during the 4th quarter. Vanguard Group Inc. now owns 10,048,419 shares of the financial services provider’s stock worth $347,675,000 after acquiring an additional 1,214,454 shares during the period. Azora Capital LP lifted its holdings in First Interstate BancSystem by 1,538.7% during the third quarter. Azora Capital LP now owns 1,275,693 shares of the financial services provider’s stock valued at $40,656,000 after purchasing an additional 1,197,843 shares in the last quarter. UBS Group AG boosted its position in shares of First Interstate BancSystem by 140.5% in the third quarter. UBS Group AG now owns 1,754,104 shares of the financial services provider’s stock worth $55,903,000 after purchasing an additional 1,024,683 shares during the period. Finally, Norges Bank purchased a new stake in shares of First Interstate BancSystem in the second quarter worth $29,082,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about First Interstate BancSystem

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

• Positive Sentiment: Q4 earnings sharply beat expectations — GAAP EPS of $1.08 topped consensus and net income jumped year‑over‑year, showing profit leverage. Business Wire: Q4 Earnings
• Positive Sentiment: Management signaled cost actions (branch optimization/restructuring) and an intensifying share‑repurchase program that should boost capital returns and EPS over time. Yahoo: Q4 Deep Dive
• Positive Sentiment: Company expects sequential net interest margin (NIM) improvement through 2026 as balance sheet and pricing actions take hold — a tailwind for future net interest income. MSN: NIM Guidance
• Positive Sentiment: Board approved/announced a quarterly dividend of $0.47 (annualized yield ~5.3%), supporting income investors and signaling confidence in cash flow.
• Positive Sentiment: DA Davidson reaffirmed a Buy rating with a $42 price target, highlighting upside from margins and capital returns. Benzinga: Analyst Note
• Neutral Sentiment: Revenue was up ~19.8% year‑over‑year, showing top‑line growth momentum despite the quarter’s execution issues. MarketBeat: Earnings Summary
• Negative Sentiment: Revenue missed expectations materially ($205.1M vs. ~$257M consensus), which likely drove investor concern and the share price pullback — growth quality and fee/other income execution were questioned. Zacks: Q4 Metrics
• Negative Sentiment: Restructuring and branch optimization may produce near‑term costs and execution risk — investors often punish stocks when near-term profitability or revenue growth is uncertain even if long‑term benefits exist. Yahoo: Earnings Call Highlights

About First Interstate BancSystem

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.