First Interstate BancSystem (FIBK) to Release Quarterly Earnings on Thursday

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $253.73 million for the quarter.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). First Interstate BancSystem had a net margin of 14.93% and a return on equity of 6.57%. The company had revenue of $42.00 million during the quarter, compared to analysts' expectations of $253.50 million. During the same quarter last year, the firm posted $0.57 earnings per share. First Interstate BancSystem's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect First Interstate BancSystem to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Interstate BancSystem Price Performance

First Interstate BancSystem stock opened at $30.14 on Thursday. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $36.77. The business has a 50-day simple moving average of $28.16 and a 200 day simple moving average of $29.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 14.28 and a beta of 0.79.

First Interstate BancSystem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.24%. The ex-dividend date was Monday, May 12th. First Interstate BancSystem's dividend payout ratio (DPR) is currently 89.10%.

Insider Activity at First Interstate BancSystem

In other news, major shareholder Susan Scott Heyneman Trust, Su sold 55,000 shares of First Interstate BancSystem stock in a transaction on Monday, July 14th. The shares were sold at an average price of $31.11, for a total transaction of $1,711,050.00. Following the completion of the sale, the insider directly owned 584,256 shares in the company, valued at approximately $18,176,204.16. The trade was a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIBK. Jane Street Group LLC purchased a new stake in First Interstate BancSystem during the 1st quarter valued at about $5,125,000. Jones Financial Companies Lllp grew its stake in First Interstate BancSystem by 24,352.5% during the 1st quarter. Jones Financial Companies Lllp now owns 24,697 shares of the financial services provider's stock valued at $708,000 after acquiring an additional 24,596 shares in the last quarter. AQR Capital Management LLC grew its stake in First Interstate BancSystem by 37.2% during the 1st quarter. AQR Capital Management LLC now owns 67,214 shares of the financial services provider's stock valued at $1,926,000 after acquiring an additional 18,210 shares in the last quarter. Intech Investment Management LLC grew its stake in First Interstate BancSystem by 47.9% during the 1st quarter. Intech Investment Management LLC now owns 52,558 shares of the financial services provider's stock valued at $1,506,000 after acquiring an additional 17,016 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in First Interstate BancSystem during the 1st quarter valued at about $238,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analyst Weigh In

FIBK has been the subject of a number of recent research reports. Wall Street Zen raised First Interstate BancSystem from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Keefe, Bruyette & Woods raised First Interstate BancSystem from a "hold" rating to a "moderate buy" rating and set a $32.00 price objective on the stock in a research report on Monday, June 23rd. Wells Fargo & Company increased their price target on First Interstate BancSystem from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. Finally, Barclays raised First Interstate BancSystem from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $28.00 to $32.00 in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, First Interstate BancSystem currently has an average rating of "Hold" and a consensus target price of $35.43.

First Interstate BancSystem Company Profile

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.

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