First Interstate BancSystem (FIBK) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Interstate BancSystem in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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5 brokerages have issued 1-year price targets for First Interstate BancSystem's stock. Their FIBK share price forecasts range from $33.00 to $43.00. On average, they expect the company's stock price to reach $36.40 in the next twelve months. This suggests a possible upside of 65.5% 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 shares have decreased by 43.1% and is now trading at $22.00.
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First Interstate BancSystem saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,770,000 shares, a decline of 6.1% from the April 30th total of 2,950,000 shares. Based on an average daily trading volume, of 835,200 shares, the days-to-cover ratio is currently 3.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our FIBK earnings forecast.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) announced its quarterly earnings data on Thursday, April, 27th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.82 by $0.28. First Interstate BancSystem had a trailing twelve-month return on equity of 11.38% and a net margin of 22.74%. During the same period in the previous year, the business posted $0.21 EPS.

First Interstate BancSystem announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Monday, May 8th will be paid a dividend of $0.47 per share on Thursday, May 18th. This represents a $1.88 annualized dividend and a yield of 8.55%. The ex-dividend date is Friday, May 5th.
Read our dividend analysis for FIBK.

ETFs with the largest weight of First Interstate BancSystem (NASDAQ:FIBK) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), 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), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), ProShares Russell 2000 Dividend Growers ETF (SMDV) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

First Interstate BancSystem (NASDAQ:FIBK) pays an annual dividend of $1.88 per share and currently has a dividend yield of 7.97%. 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 68.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FIBK will have a dividend payout ratio of 61.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FIBK.

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 trades on the NASDAQ under the ticker symbol "FIBK."

First Interstate BancSystem's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.77%), First Interstate Bank (5.82%), FMR LLC (5.08%), Macquarie Group Ltd. (3.89%), Franklin Resources Inc. (3.40%) and State Street Corp (3.17%). 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, Russell A Lee and Susan Scott Heyneman.
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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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One share of FIBK stock can currently be purchased for approximately $22.00.

First Interstate BancSystem (NASDAQ:FIBK) has a market capitalization of $2.30 billion and generates $1.18 billion in revenue each year. The financial services provider earns $202.20 million in net income (profit) each year or $2.75 on an earnings per share basis.

The company employs 3,783 workers across the globe.

First Interstate BancSystem's mailing address is 401 North 31st Street, Billings MT, 59116. The official website for the company is www.fibk.com. The financial services provider can be reached via phone at (406) 255-5311, via email at investor.relations@fib.com, or via fax at 406-255-5350.