First Interstate BancSystem - FIBK Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Interstate BancSystem in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1-year price objectives for First Interstate BancSystem's stock. Their FIBK share price forecasts range from $33.00 to $54.00. On average, they predict the company's share price to reach $42.00 in the next year. This suggests a possible upside of 37.1% 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 20.8% and is now trading at $30.63.
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First Interstate BancSystem saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,460,000 shares, an increase of 40.6% from the February 28th total of 1,750,000 shares. Based on an average daily trading volume, of 750,300 shares, the days-to-cover ratio is presently 3.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our FIBK earnings forecast.

First Interstate BancSystem, Inc. (NASDAQ:FIBK) released its quarterly earnings results on Monday, October, 25th. The financial services provider reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The financial services provider earned $166.60 million during the quarter, compared to the consensus estimate of $159.64 million. First Interstate BancSystem had a net margin of 17.07% and a trailing twelve-month return on equity of 9.98%. The company's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS.

First Interstate BancSystem announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.47 per share on Friday, February 17th. This represents a $1.88 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Monday, February 6th.
Read our dividend analysis for FIBK.

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

First Interstate BancSystem (NASDAQ:FIBK) pays an annual dividend of $1.88 per share and currently has a dividend yield of 6.25%. 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 101.62%. 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 49.60% 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 many different institutional and retail investors. Top institutional shareholders include First Interstate Bank (5.84%), Macquarie Group Ltd. (3.83%), Franklin Resources Inc. (3.17%), Dimensional Fund Advisors LP (2.54%), JPMorgan Chase & Co. (1.87%) and Geode Capital Management LLC (1.65%). 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, 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 $30.63.

First Interstate BancSystem (NASDAQ:FIBK) has a market capitalization of $3.20 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 $1.85 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.