Analysts Offer Predictions for FIBK Q2 Earnings

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) - Analysts at DA Davidson issued their Q2 2025 EPS estimates for First Interstate BancSystem in a research note issued on Thursday, May 1st. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.57 per share for the quarter. DA Davidson has a "Buy" rating and a $42.00 price target on the stock. The consensus estimate for First Interstate BancSystem's current full-year earnings is $2.53 per share. DA Davidson also issued estimates for First Interstate BancSystem's FY2025 earnings at $2.35 EPS and FY2026 earnings at $2.65 EPS.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $42.00 million during the quarter, compared to the consensus estimate of $253.50 million. First Interstate BancSystem had a return on equity of 6.92% and a net margin of 15.94%. The business's revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS.

A number of other research analysts have also weighed in on the company. Stephens cut their price objective on First Interstate BancSystem from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of First Interstate BancSystem from $30.00 to $25.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price objective on shares of First Interstate BancSystem from $31.00 to $28.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Piper Sandler decreased their target price on shares of First Interstate BancSystem from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com lowered First Interstate BancSystem from a "hold" rating to a "sell" rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $35.00.

First Interstate BancSystem Price Performance

FIBK traded down $0.33 during trading on Friday, hitting $26.72. 1,516,923 shares of the company traded hands, compared to its average volume of 654,113. The company has a market cap of $2.79 billion, a PE ratio of 12.20 and a beta of 0.81. First Interstate BancSystem has a 1 year low of $22.95 and a 1 year high of $36.77. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.71. The stock's 50-day simple moving average is $27.58 and its two-hundred day simple moving average is $30.95.

First Interstate BancSystem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, May 12th. This represents a $1.88 annualized dividend and a dividend yield of 7.04%. First Interstate BancSystem's dividend payout ratio (DPR) is presently 89.10%.

Insider Activity

In related news, Director John M. Heyneman, Jr. sold 1,335 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $32.56, for a total value of $43,467.60. Following the completion of the sale, the director now owns 1,414,886 shares in the company, valued at approximately $46,068,688.16. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of First Interstate BancSystem by 35.5% during the 4th quarter. FMR LLC now owns 6,786,334 shares of the financial services provider's stock worth $220,352,000 after buying an additional 1,778,269 shares in the last quarter. Wellington Management Group LLP grew its holdings in First Interstate BancSystem by 88.3% during the 4th quarter. Wellington Management Group LLP now owns 2,425,615 shares of the financial services provider's stock worth $78,760,000 after acquiring an additional 1,137,401 shares in the last quarter. Victory Capital Management Inc. grew its holdings in First Interstate BancSystem by 309.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,270,296 shares of the financial services provider's stock worth $41,247,000 after acquiring an additional 960,372 shares in the last quarter. Norges Bank purchased a new position in First Interstate BancSystem during the 4th quarter valued at about $24,137,000. Finally, Jennison Associates LLC raised its holdings in shares of First Interstate BancSystem by 73.9% in the 4th quarter. Jennison Associates LLC now owns 1,540,490 shares of the financial services provider's stock valued at $50,020,000 after purchasing an additional 654,688 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.