First Interstate BancSystem’s (FIBK) “Buy” Rating Reiterated at DA Davidson

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

Several other equities analysts have also commented on FIBK. Weiss Ratings reissued a “hold (c+)” rating on shares of First Interstate BancSystem in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their price target on shares of First Interstate BancSystem from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Wall Street Zen downgraded First Interstate BancSystem from a “hold” rating to a “sell” rating in a report on Friday, November 28th. UBS Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of First Interstate BancSystem in a research report on Tuesday, January 6th. Finally, Barclays boosted their price target on First Interstate BancSystem from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, First Interstate BancSystem has an average rating of “Hold” and an average price target of $37.50.

First Interstate BancSystem Price Performance

Shares of First Interstate BancSystem stock opened at $35.47 on Thursday. The company has a market cap of $3.65 billion, a PE ratio of 12.02 and a beta of 0.80. The business has a 50 day moving average of $35.48 and a 200 day moving average of $32.75. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $38.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.09.

First Interstate BancSystem (NASDAQ:FIBK) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.64 by $0.44. First Interstate BancSystem had a net margin of 17.62% and a return on equity of 8.83%. The business had revenue of $205.10 million during the quarter, compared to analyst estimates of $256.89 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities research analysts forecast that First Interstate BancSystem will post 2.53 earnings per share for the current year.

First Interstate BancSystem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 10th. This represents a $1.88 annualized dividend and a dividend yield of 5.3%. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 63.73%.

Insider Buying and Selling at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Susan Scott Heyneman Trust, Su sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $32.75, for a total value of $327,500.00. Following the sale, the insider owned 224,460 shares in the company, valued at $7,351,065. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Heyneman, Jr. sold 30,432 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was 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 in the company, valued at $43,896,155.08. This represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 60,232 shares of company stock worth $1,914,116. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On First Interstate BancSystem

A number of large investors have recently made changes to their positions in FIBK. HoldCo Asset Management LP bought a new stake in shares of First Interstate BancSystem during the 2nd quarter worth approximately $102,890,000. Vanguard Group Inc. increased its position 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 valued at $347,675,000 after purchasing an additional 1,214,454 shares during the period. Azora Capital LP increased 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 buying an additional 1,197,843 shares during the period. UBS Group AG increased its holdings in shares of First Interstate BancSystem by 140.5% in the 3rd quarter. UBS Group AG now owns 1,754,104 shares of the financial services provider’s stock valued at $55,903,000 after acquiring an additional 1,024,683 shares during the period. Finally, Norges Bank bought a new stake in First Interstate BancSystem during the second quarter valued at about $29,082,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

More First Interstate BancSystem News

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

• Positive Sentiment: Q4 earnings beat: reported EPS $1.08 vs. ~$0.64 consensus, a sizable beat that drove the upbeat tone in results; revenue commentary is mixed across outlets but earnings momentum is clear. Zacks: Q4 Earnings
• Positive Sentiment: Management expects sequential net interest margin (NIM) improvement and is accelerating branch optimization and share repurchases—these initiatives support margin recovery and EPS growth over 2026. MSN: NIM & Strategy
• Positive Sentiment: Shareholder returns: the board announced a quarterly dividend of $0.47 (annualized yield ~5.3%), with an ex-dividend date of Feb 10, which increases income appeal for yield-focused holders.
• Positive Sentiment: Analyst support persists: DA Davidson reaffirmed a “Buy” rating with a $42 price target, signaling meaningful upside from current levels. American Banking News: DA Davidson
• Neutral Sentiment: Earnings call materials available — the transcript and slide deck provide detail on restructuring, branch rationalization and capital deployment plans for 2026; these give investors visibility but require monitoring execution. Seeking Alpha: Transcript Seeking Alpha: Presentation
• Negative Sentiment: Barclays downgraded the outlook by trimming its price target from $38 to $36 and moving to an “Equal Weight” stance, which reduces analyst-driven upside and likely contributed to selling pressure. Benzinga: Barclays PT Cut

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.