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

Company Overview

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. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.

Key Stats

• Today's Range: $32.76 to $33.44
• 50-Day Range: $29.07 to $34.45
• 52-Week Range: $24.16 to $34.53
• Volume: 432,494 shs
• Average Volume: 633,007 shs
• Market Capitalization: $3.49 billion
• P/E Ratio: 14.64
• Dividend Yield: 5.63%
• Price Target: $32.50
• Consensus Rating: Hold

First Interstate BancSystem Stock Analysis - MarketRank™

First Interstate BancSystem scored higher than 85% of companies evaluated by MarketBeat, and ranked 217th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

First Interstate BancSystem has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

First Interstate BancSystem has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.21%

Earnings Growth

Earnings for First Interstate BancSystem are expected to grow by 9.21% in the coming year, from $2.28 to $2.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Interstate BancSystem is 14.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Interstate BancSystem is 14.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.29.

Price to Book Value per Share Ratio

First Interstate BancSystem has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.05% of the outstanding shares of First Interstate BancSystem have been sold short.

Short Interest Ratio / Days to Cover

First Interstate BancSystem has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in First Interstate BancSystem has recently decreased by 0.93%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

First Interstate BancSystem is a leading dividend payer. It pays a dividend yield of 5.61%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

First Interstate BancSystem has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of First Interstate BancSystem is 82.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, First Interstate BancSystem will have a dividend payout ratio of 75.50% in the coming year. This indicates that First Interstate BancSystem may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.84

Percentage of Shares Shorted

2.05% of the outstanding shares of First Interstate BancSystem have been sold short.

Short Interest Ratio / Days to Cover

First Interstate BancSystem has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in First Interstate BancSystem has recently decreased by 0.93%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.05

News Sentiment

First Interstate BancSystem has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for First Interstate BancSystem this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for FIBK on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added First Interstate BancSystem to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, First Interstate BancSystem insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,647,096.00 in company stock.

Percentage Held by Insiders

Only 6.90% of the stock of First Interstate BancSystem is held by insiders.

Percentage Held by Institutions

88.71% of the stock of First Interstate BancSystem is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FIBK Stock Analysis - Frequently Asked Questions

How have FIBK shares performed this year?

First Interstate BancSystem's stock was trading at $30.75 on January 1st, 2024. Since then, FIBK shares have increased by 8.6% and is now trading at $33.39.
View the best growth stocks for 2024 here.

How were First Interstate BancSystem's earnings last quarter?

First Interstate BancSystem, Inc. (NASDAQ:FIBK) posted its quarterly earnings results on Thursday, October, 24th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.04. First Interstate BancSystem had a trailing twelve-month return on equity of 7.48% and a net margin of 15.94%.

Who are First Interstate BancSystem's major shareholders?

First Interstate BancSystem's top institutional shareholders include FMR LLC (4.79%), First Interstate Bank (4.67%), State Street Corp (3.73%) and Geode Capital Management LLC (1.91%). Insiders that own company stock include John M Heyneman Jr, Jonathan R Scott, Homer Scott Jr Trust, Homer Sc, Julie A Scott, Kevin P Riley, James R Scott Jr, Marcy D Mutch, Karlyn M Knieriem, Kirk D Jensen, Kristina Robbins, James Brannen, Lorrie F Asker, Russell A Lee, Philip G Gaglia and Ross E Leckie.
View institutional ownership trends.

How do I buy shares of First Interstate BancSystem?

Shares of FIBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Interstate BancSystem own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Interstate BancSystem investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 11/14 Dividend: 11/04/2024
• Dividend Payable: 11/14/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FIBK
• CUSIP: 32055Y20
• CIK: 860413
• Web: www.fibk.com
• Phone: (406) 255-5311
• Fax: 406-255-5350
• Employees: 3,585
• Year Founded: 1968

Price Target and Rating

• Average Stock Price Target: $32.50
• High Stock Price Target: $36.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: -2.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.28
• Trailing P/E Ratio: 14.64
• Forward P/E Ratio: 14.64
• P/E Growth: N/A
• Net Income: $257.50 million
• Net Margins: 15.94%
• Pretax Margin: 20.91%
• Return on Equity: 7.48%
• Return on Assets: 0.81%

Debt

• Debt-to-Equity Ratio: 0.71
• Current Ratio: 0.78
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $990.70 million
• Price / Sales: 3.52
• Cash Flow: $3.13 per share
• Price / Cash Flow: 10.66
• Book Value: $31.05 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 104,530,000
• Free Float: 97,317,000
• Market Cap: $3.49 billion
• Optionable: Optionable
• Beta: 0.81