North Reef Capital Management LP Lowers Position in First Interstate BancSystem, Inc. $FIBK

North Reef Capital Management LP cut its position in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 83.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,157 shares of the financial services provider’s stock after selling 1,649,842 shares during the quarter. North Reef Capital Management LP’s holdings in First Interstate BancSystem were worth $10,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in First Interstate BancSystem by 13.7% in the fourth quarter. Vanguard Group Inc. now owns 10,048,419 shares of the financial services provider’s stock worth $347,675,000 after purchasing an additional 1,214,454 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of First Interstate BancSystem by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,915,425 shares of the financial services provider’s stock valued at $188,525,000 after buying an additional 1,003,021 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Interstate BancSystem by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,630,789 shares of the financial services provider’s stock valued at $188,066,000 after buying an additional 231,405 shares in the last quarter. State Street Corp grew its position in shares of First Interstate BancSystem by 29.7% in the 4th quarter. State Street Corp now owns 5,482,245 shares of the financial services provider’s stock worth $189,686,000 after buying an additional 1,254,321 shares during the period. Finally, Capital International Investors purchased a new stake in shares of First Interstate BancSystem in the 4th quarter worth about $92,504,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

First Interstate BancSystem Price Performance

FIBK opened at $38.12 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of 11.73 and a beta of 0.76. The stock has a 50-day moving average price of $37.17 and a 200-day moving average price of $36.02. First Interstate BancSystem, Inc. has a 1 year low of $27.60 and a 1 year high of $40.60. 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 for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. The business had revenue of $99.10 million during the quarter, compared to analyst estimates of $249.32 million. First Interstate BancSystem had a net margin of 22.64% and a return on equity of 9.49%. Sell-side analysts predict that First Interstate BancSystem, Inc. will post 2.66 earnings per share for the current fiscal year.

First Interstate BancSystem Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Julie A. Scott sold 15,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $17,566,273.23. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jonathan R. Scott sold 12,892 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $35.58, for a total value of $458,697.36. Following the completion of the transaction, the insider directly owned 866,628 shares in the company, valued at $30,834,624.24. This trade represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,392 shares of company stock valued at $1,161,552. 8.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIBK. DA Davidson cut shares of First Interstate BancSystem from a “buy” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $39.00 in a research report on Wednesday, May 27th. Piper Sandler cut their price objective on shares of First Interstate BancSystem from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $37.00 target price (down from $38.00) on shares of First Interstate BancSystem in a research note on Friday, May 1st. Barclays lifted their target price 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. Finally, UBS Group boosted their price target on First Interstate BancSystem from $30.00 to $33.00 and gave the stock a “sell” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.33.

More First Interstate BancSystem News

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

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.