DA Davidson Issues Negative Outlook for FIBK Earnings

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) - Stock analysts at DA Davidson lowered their Q2 2025 earnings per share (EPS) estimates for shares of First Interstate BancSystem in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings per share of $0.55 for the quarter, down from their previous estimate 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.

FIBK has been the subject of several other reports. Wells Fargo & Company reduced their price objective on 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. Barclays reduced their price target on 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 upgraded shares of First Interstate BancSystem from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Finally, Keefe, Bruyette & Woods upgraded shares of First Interstate BancSystem from a "hold" rating to a "moderate buy" rating and set a $32.00 target price for the company in a report on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $34.43.

First Interstate BancSystem Price Performance

FIBK stock traded up $0.53 on Monday, hitting $31.12. 559,825 shares of the company's stock traded hands, compared to its average volume of 720,165. The stock has a fifty day moving average of $27.41 and a 200-day moving average of $29.25. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 14.75 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. First Interstate BancSystem has a 1-year low of $22.95 and a 1-year high of $36.77.

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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $253.50 million. During the same quarter last year, the firm posted $0.57 earnings per share. First Interstate BancSystem's revenue was up 2.0% compared to the same quarter last year.

Hedge Funds Weigh In On First Interstate BancSystem

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of First Interstate BancSystem by 35.5% in the 4th quarter. FMR LLC now owns 6,786,334 shares of the financial services provider's stock valued at $220,352,000 after acquiring an additional 1,778,269 shares during the period. Nuveen LLC bought a new position in First Interstate BancSystem during the first quarter worth about $32,796,000. Wellington Management Group LLP grew its holdings in First Interstate BancSystem by 88.3% during the fourth quarter. Wellington Management Group LLP now owns 2,425,615 shares of the financial services provider's stock worth $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 fourth quarter. Victory Capital Management Inc. now owns 1,270,296 shares of the financial services provider's stock worth $41,247,000 after buying an additional 960,372 shares during the last quarter. Finally, Norges Bank bought a new stake in First Interstate BancSystem in the fourth quarter valued at approximately $24,137,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

First Interstate BancSystem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were paid a $0.47 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.88 annualized dividend and a dividend yield of 6.04%. First Interstate BancSystem's dividend payout ratio is presently 89.10%.

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.