First Interstate BancSystem - FIBK Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Interstate BancSystem in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FIBK shares.
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4 brokers have issued twelve-month target prices for First Interstate BancSystem's stock. Their FIBK share price forecasts range from $42.00 to $54.00. On average, they predict the company's stock price to reach $47.40 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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First Interstate BancSystem's stock was trading at $40.67 at the start of the year. Since then, FIBK shares have increased by 0.9% and is now trading at $41.02.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our FIBK earnings forecast.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) posted its quarterly earnings data on Wednesday, October, 26th. The financial services provider reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.12. The financial services provider earned $291.80 million during the quarter, compared to analysts' expectations of $299.74 million. First Interstate BancSystem had a net margin of 16.71% and a trailing twelve-month return on equity of 9.58%. First Interstate BancSystem's revenue for the quarter was up 75.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share.

First Interstate BancSystem announced a quarterly dividend on Monday, October 24th. Investors of record on Tuesday, November 8th will be given a dividend of $0.47 per share on Friday, November 18th. This represents a $1.88 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Monday, November 7th. This is an increase from the stock's previous quarterly dividend of $0.41.
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 4.51%. 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 101.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FIBK will have a dividend payout ratio of 42.92% 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.35%), BlackRock Inc. (6.20%), First Interstate Bank (5.77%), Macquarie Group Ltd. (4.19%), State Street Corp (3.33%) and Massachusetts Financial Services Co. MA (2.72%). Insiders that own company stock include James R Scott Jr, Jeremy Scott, John M Heyneman Jr, Jonathan R Scott, Kevin P Riley, 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 $41.02.

First Interstate BancSystem (NASDAQ:FIBK) has a market capitalization of $4.28 billion and generates $656 million in revenue each year. The financial services provider earns $192.10 million in net income (profit) each year or $1.86 on an earnings per share basis.

The company employs 2,358 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) 255-5000, via email at investor.relations@fib.com, or via fax at 406-255-5350.