What is DA Davidson's Forecast for FIBK Q2 Earnings?

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) - Investment analysts at DA Davidson dropped their Q2 2025 earnings estimates for First Interstate BancSystem in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.57. 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 $2.32 EPS and FY2026 earnings at $2.61 EPS.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.49 earnings per share (EPS) 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 net margin of 14.93% and a return on equity of 6.57%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Barclays reduced their target price on shares of First Interstate BancSystem from $31.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen raised shares of First Interstate BancSystem from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Keefe, Bruyette & Woods raised shares of First Interstate BancSystem from a "hold" rating to a "moderate buy" rating and set a $32.00 price objective for the company in a research report on Monday, June 23rd. Finally, Wells Fargo & Company cut their price objective on shares of First Interstate BancSystem from $30.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.43.

First Interstate BancSystem Trading Down 1.8%

Shares of First Interstate BancSystem stock opened at $28.48 on Monday. The firm has a 50-day moving average of $27.24 and a 200-day moving average of $29.31. The stock has a market cap of $2.99 billion, a PE ratio of 13.50 and a beta of 0.79. First Interstate BancSystem has a 52-week low of $22.95 and a 52-week high of $36.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 0.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of First Interstate BancSystem by 35.5% in the fourth quarter. FMR LLC now owns 6,786,334 shares of the financial services provider's stock worth $220,352,000 after purchasing an additional 1,778,269 shares during the last quarter. Nuveen LLC acquired a new stake in First Interstate BancSystem during the 1st quarter valued at approximately $32,796,000. Wellington Management Group LLP increased its position 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 valued at $78,760,000 after purchasing an additional 1,137,401 shares during the period. Victory Capital Management Inc. increased its position 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 valued at $41,247,000 after purchasing an additional 960,372 shares during the period. Finally, Norges Bank acquired a new stake in First Interstate BancSystem during the 4th quarter valued at approximately $24,137,000. Institutional investors own 88.71% of the company's stock.

First Interstate BancSystem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were issued a $0.47 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.60%. First Interstate BancSystem's dividend payout ratio (DPR) is currently 89.10%.

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.

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