First Interstate BancSystem (NASDAQ:FIBK) Stock: Insider Jonathan Scott Sells 5,000 Shares

Key Points

• Major shareholder Jonathan Scott sold 5,000 FIBK shares at an average price of $36.90, totaling $184,500. The sale reduced his holdings by 0.61%, leaving him with 812,738 shares.
• First Interstate BancSystem reported quarterly EPS of $0.65, missing the $0.92 analyst consensus, while revenue of $249.5 million slightly exceeded expectations.
• The company declared a quarterly dividend of $0.47 per share, representing a $1.88 annualized payout and roughly a 5.1% yield. Analysts maintain a consensus “Reduce” rating with a $37 price target.

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Get Free Report) major shareholder Jonathan Scott sold 5,000 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $36.90, for a total value of $184,500.00. Following the transaction, the insider owned 812,738 shares in the company, valued at $29,990,032.20. The trade was a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

First Interstate BancSystem Stock Performance

Shares of FIBK traded up $0.01 during midday trading on Friday, reaching $36.88. 789,968 shares of the stock were exchanged, compared to its average volume of 1,156,081. First Interstate BancSystem, Inc. has a twelve month low of $29.39 and a twelve month high of $40.60. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.52 billion, a P/E ratio of 11.35 and a beta of 0.73. The stock's 50 day simple moving average is $36.55 and its 200 day simple moving average is $36.55.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.27). The business had revenue of $249.50 million during the quarter, compared to the consensus estimate of $247.93 million. First Interstate BancSystem had a net margin of 23.63% and a return on equity of 9.55%. On average, sell-side analysts expect that First Interstate BancSystem, Inc. will post 2.88 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, November 13th. Shareholders of record on Tuesday, November 3rd will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, November 3rd. This represents a $1.88 annualized dividend and a yield of 5.1%. First Interstate BancSystem's payout ratio is currently 57.85%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIBK. Wells Fargo & Company reissued an "underweight" rating and set a $34.00 target price (down from $36.00) on shares of First Interstate BancSystem in a report on Monday, August 10th. Wall Street Zen raised First Interstate BancSystem from a "sell" rating to a "hold" rating in a research note on Saturday, October 10th. DA Davidson reaffirmed a "neutral" rating and set a $39.00 price objective on shares of First Interstate BancSystem in a research report on Monday, July 27th. Benchmark raised shares of First Interstate BancSystem to a "hold" rating in a research report on Wednesday, September 23rd. Finally, Barclays increased their price objective on shares of First Interstate BancSystem from $37.00 to $38.00 and gave the stock an "underweight" rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $37.00.

Trending Headlines about First Interstate BancSystem

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

• Positive Sentiment: First Interstate declared a quarterly dividend of $0.47 per share, equivalent to $1.88 annually and a yield of approximately 5.2%. The dividend may support investor interest in the regional bank, although shares go ex-dividend on November 3. First Interstate dividend details
• Neutral Sentiment: Third-quarter revenue was $249.5 million, slightly above the $247.9 million consensus estimate, indicating that top-line performance was broadly in line with expectations. First Interstate Q3 2026 revenue results
• Negative Sentiment: FIBK reported third-quarter EPS of $0.65, well below analyst estimates ranging from $0.70 to $0.92. Net income fell to $62.2 million from $71.4 million a year earlier, while EPS declined from $0.69, reinforcing concerns about weaker profitability. FIBK Q3 earnings flash
• Negative Sentiment: Although net interest margin improved to 3.53%, analysts highlighted weak core earnings growth, loan-portfolio contraction and a declining asset base. Branch sales also helped mask subdued underlying operating performance, leaving FIBK less competitive than some regional-bank peers. First Interstate falls short of expectations in Q3

Hedge Funds Weigh In On First Interstate BancSystem

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in First Interstate BancSystem by 17.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,099 shares of the financial services provider's stock valued at $70,000 after buying an additional 315 shares in the last quarter. GAMMA Investing LLC grew its position in First Interstate BancSystem by 31.0% in the third quarter. GAMMA Investing LLC now owns 2,698 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 639 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in First Interstate BancSystem during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new position in First Interstate BancSystem during the third quarter worth about $25,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of First Interstate BancSystem by 18.1% in the third quarter. AdvisorNet Financial Inc now owns 6,055 shares of the financial services provider's stock worth $208,000 after acquiring an additional 930 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

About First Interstate BancSystem

First Interstate BancSystem, Inc is a financial holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides community banking services to individuals, businesses, agricultural customers and governmental entities.

First Interstate Bank offers deposit accounts, consumer and commercial loans, mortgage lending, credit cards, cash-management and treasury-management services, online and mobile banking, and wealth-management and investment services.

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