First Interstate BancSystem Stock Price, News & Analysis (NASDAQ:FIBK)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Interstate BancSystem in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FIBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FIBK, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 12-month target prices for First Interstate BancSystem's stock. Their FIBK share price targets range from $25.00 to $33.00. On average, they expect the company's share price to reach $31.00 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
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First Interstate BancSystem's stock was trading at $38.65 at the beginning of the year. Since then, FIBK stock has decreased by 26.8% and is now trading at $28.30.
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First Interstate BancSystem saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,110,000 shares, an increase of 20.5% from the October 31st total of 2,580,000 shares. Based on an average trading volume of 609,200 shares, the short-interest ratio is currently 5.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our FIBK earnings forecast.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) issued its earnings results on Wednesday, October, 25th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The financial services provider had revenue of $255.70 million for the quarter, compared to analyst estimates of $258.97 million. First Interstate BancSystem had a trailing twelve-month return on equity of 9.22% and a net margin of 20.07%. During the same period in the previous year, the company posted $1.01 earnings per share.

First Interstate BancSystem declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.47 per share on Thursday, November 16th. This represents a $1.88 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Friday, November 3rd.
Read our dividend analysis for FIBK.

First Interstate BancSystem (NASDAQ:FIBK) pays an annual dividend of $1.88 per share and currently has a dividend yield of 6.68%. FIBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FIBK will have a dividend payout ratio of 78.01% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FIBK.

ETFs with the largest weight of First Interstate BancSystem (NASDAQ:FIBK) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), First Trust NASDAQ ABA Community Bank Index Fund (QABA), ProShares Russell 2000 Dividend Growers ETF (SMDV), SPDR S&P Regional Banking ETF (KRE), First Trust Mid Cap Value AlphaDEX Fund (FNK), WBI Power Factor High Dividend ETF (WBIY) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

35 employees have rated First Interstate BancSystem Chief Executive Officer Edward Garding on Glassdoor.com. Edward Garding has an approval rating of 92% among the company's employees. This puts Edward Garding in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 84.0% of employees surveyed would recommend working at First Interstate BancSystem to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Interstate BancSystem investors own include Skyworks Solutions (SWKS), AbbVie (ABBV), Exxon Mobil (XOM), BCE (BCE), Enbridge (ENB), Energy Transfer (ET), Philip Morris International (PM), Verizon Communications (VZ), Carnival Co. & (CCL) and CenterPoint Energy (CNP).

First Interstate BancSystem's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (6.14%), First Interstate Bank (5.80%), JPMorgan Chase & Co. (3.10%), Wellington Management Group LLP (2.69%), American Century Companies Inc. (2.12%) and Massachusetts Financial Services Co. MA (1.82%). Insiders that own company stock include James Brannen, James R Scott Jr, Jeremy Scott, John M Heyneman Jr, Jonathan R Scott, Julie A Scott, Kevin P Riley, Kirk D Jensen, Marcy D Mutch, Philip G Gaglia, Ross E Leckie and Russell A Lee.
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Shares of FIBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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