FY2025 EPS Estimates for First Interstate BancSystem, Inc. (NASDAQ:FIBK) Increased by Analyst

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Free Report) - Equities research analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for First Interstate BancSystem in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings per share of $2.70 for the year, up from their previous estimate of $2.55. DA Davidson has a "Neutral" rating and a $34.00 price objective on the stock. The consensus estimate for First Interstate BancSystem's current full-year earnings is $2.34 per share.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. First Interstate BancSystem had a net margin of 17.22% and a return on equity of 8.19%. The firm had revenue of $244.30 million for the quarter, compared to analyst estimates of $246.07 million. During the same period in the previous year, the company earned $0.66 earnings per share.

Several other equities research analysts have also commented on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $38.00 price target on shares of First Interstate BancSystem in a report on Monday, August 26th. Barclays raised their target price on First Interstate BancSystem from $31.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. StockNews.com downgraded First Interstate BancSystem from a "hold" rating to a "sell" rating in a report on Thursday. Stephens lifted their price objective on shares of First Interstate BancSystem from $32.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Finally, Wells Fargo & Company cut First Interstate BancSystem from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $30.00 to $28.00 in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.17.

First Interstate BancSystem Stock Performance

NASDAQ FIBK traded down $0.35 on Monday, hitting $29.49. 291,512 shares of the company's stock traded hands, compared to its average volume of 688,500. The firm has a market capitalization of $3.08 billion, a PE ratio of 11.75 and a beta of 0.81. First Interstate BancSystem has a 1-year low of $20.81 and a 1-year high of $33.00. The firm's 50-day moving average price is $29.80 and its two-hundred day moving average price is $28.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.92.

First Interstate BancSystem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Monday, August 5th. First Interstate BancSystem's dividend payout ratio is presently 74.90%.

Institutional Trading of First Interstate BancSystem

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in First Interstate BancSystem by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 9,180,595 shares of the financial services provider's stock worth $282,303,000 after purchasing an additional 533,293 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in First Interstate BancSystem by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,580,800 shares of the financial services provider's stock valued at $127,204,000 after acquiring an additional 367,212 shares during the last quarter. Wellington Management Group LLP grew its position in shares of First Interstate BancSystem by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 2,970,727 shares of the financial services provider's stock valued at $91,350,000 after purchasing an additional 142,069 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in First Interstate BancSystem by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,051,632 shares of the financial services provider's stock worth $56,974,000 after buying an additional 32,348 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of First Interstate BancSystem by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 887,559 shares of the financial services provider's stock worth $24,648,000 after acquiring an additional 11,493 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.