First Interstate BancSystem, Inc. (NASDAQ:FIBK – Free Report) – Analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for First Interstate BancSystem in a report issued on Thursday, January 30th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $0.46 for the quarter. DA Davidson has a “Buy” rating and a $42.00 price objective on the stock. The consensus estimate for First Interstate BancSystem’s current full-year earnings is $2.54 per share. DA Davidson also issued estimates for First Interstate BancSystem’s FY2025 earnings at $2.55 EPS and FY2026 earnings at $2.80 EPS.
Other research analysts have also issued reports about the company. Stephens lowered their price target on First Interstate BancSystem from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group started coverage on First Interstate BancSystem in a research report on Tuesday, December 17th. They set a “neutral” rating and a $35.00 price target for the company. Barclays raised their price target on First Interstate BancSystem from $30.00 to $31.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price target on First Interstate BancSystem from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on First Interstate BancSystem from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.14.
First Interstate BancSystem Price Performance
FIBK stock opened at $32.44 on Monday. First Interstate BancSystem has a 52-week low of $24.16 and a 52-week high of $36.77. The business has a fifty day moving average of $32.97 and a two-hundred day moving average of $31.62. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 14.81 and a beta of 0.85. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71.
First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. First Interstate BancSystem had a return on equity of 6.92% and a net margin of 15.94%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in shares of First Interstate BancSystem during the 3rd quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of First Interstate BancSystem during the 3rd quarter worth about $69,000. KBC Group NV boosted its position in shares of First Interstate BancSystem by 34.1% during the 4th quarter. KBC Group NV now owns 4,018 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,022 shares in the last quarter. CWM LLC boosted its position in shares of First Interstate BancSystem by 65.0% during the 3rd quarter. CWM LLC now owns 5,152 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 2,029 shares in the last quarter. Finally, Telos Capital Management Inc. purchased a new stake in shares of First Interstate BancSystem in the 3rd quarter valued at about $201,000. 88.71% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, major shareholder Julie A. Scott sold 20,220 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $32.78, for a total transaction of $662,811.60. Following the completion of the transaction, the insider now directly owns 635,069 shares of the company’s stock, valued at approximately $20,817,561.82. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder James R. Scott, Jr. sold 6,067 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $34.50, for a total value of $209,311.50. Following the transaction, the insider now directly owns 75,387 shares of the company’s stock, valued at approximately $2,600,851.50. This represents a 7.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,837 shares of company stock valued at $1,839,583 in the last three months. 6.90% of the stock is owned by corporate insiders.
First Interstate BancSystem Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, February 10th. This represents a $1.88 annualized dividend and a yield of 5.80%. First Interstate BancSystem’s payout ratio is 85.85%.
About First Interstate BancSystem
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.
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