First Interstate BancSystem (FIBK) to Release Earnings on Tuesday

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Tuesday, July 29th. 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 issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). First Interstate BancSystem had a return on equity of 6.57% and a net margin of 14.93%. The business had revenue of $42.00 million for the quarter, compared to analysts' expectations of $253.50 million. During the same quarter in the previous year, the firm posted $0.57 EPS. First Interstate BancSystem's revenue was up 2.0% on a year-over-year basis. 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 Stock Down 0.0%

Shares of FIBK stock traded down $0.01 during trading hours on Friday, reaching $30.76. 523,955 shares of the company's stock were exchanged, compared to its average volume of 709,329. First Interstate BancSystem has a 1 year low of $22.95 and a 1 year high of $36.77. The stock has a market cap of $3.23 billion, a PE ratio of 14.58 and a beta of 0.79. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average price is $28.31 and its two-hundred day moving average price is $29.10.

First Interstate BancSystem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were given a $0.47 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.88 dividend on an annualized basis and a yield of 6.11%. First Interstate BancSystem's dividend payout ratio is currently 89.10%.

Insider Activity

In other First Interstate BancSystem news, major shareholder Susan Scott Heyneman Trust, Su sold 55,000 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $31.11, for a total value of $1,711,050.00. Following the completion of the sale, the insider directly owned 584,256 shares of the company's stock, valued at $18,176,204.16. This trade represents a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Interstate BancSystem

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in First Interstate BancSystem in the 1st quarter valued at about $5,125,000. AQR Capital Management LLC raised its position in First Interstate BancSystem by 37.2% in 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 purchasing an additional 18,210 shares in the last quarter. Intech Investment Management LLC raised its position in First Interstate BancSystem by 47.9% in 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 purchasing an additional 17,016 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Interstate BancSystem by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,230 shares of the financial services provider's stock worth $1,353,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of 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 worth $708,000 after acquiring an additional 24,596 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen raised First Interstate BancSystem from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Barclays raised First Interstate BancSystem from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $28.00 to $32.00 in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised First Interstate BancSystem from a "hold" rating to a "moderate buy" rating and set a $32.00 price target for the company in a report on Monday, June 23rd. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.43.

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.