DA Davidson Reiterates Buy Rating for First Interstate BancSystem (NASDAQ:FIBK)

First Interstate BancSystem (NASDAQ:FIBK)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $42.00 price target on the financial services provider’s stock. DA Davidson’s target price indicates a potential upside of 16.46% from the stock’s current price.

A number of other brokerages have also issued reports on FIBK. Barclays increased their price target on First Interstate BancSystem from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Keefe, Bruyette & Woods lifted their target price on First Interstate BancSystem from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. UBS Group restated a “neutral” rating and issued a $37.00 price target on shares of First Interstate BancSystem in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Interstate BancSystem in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.86.

First Interstate BancSystem Stock Performance

First Interstate BancSystem stock traded down $0.60 during trading on Thursday, reaching $36.07. The company had a trading volume of 1,204,438 shares, compared to its average volume of 1,027,984. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 15.26 and a beta of 0.80. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $35.29 and its 200 day simple moving average is $32.68. First Interstate BancSystem has a 52 week low of $22.95 and a 52 week high of $38.78.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.44. First Interstate BancSystem had a return on equity of 7.25% and a net margin of 17.62%.The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $256.89 million. During the same period in the previous year, the firm earned $0.50 EPS. The business’s quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts forecast that First Interstate BancSystem will post 2.53 earnings per share for the current fiscal year.

Insider Activity at First Interstate BancSystem

In other news, major shareholder Jonathan R. Scott sold 1,827 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $36.92, for a total value of $67,452.84. Following the sale, the insider owned 936,024 shares of the company’s stock, valued at approximately $34,558,006.08. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John M. Heyneman, Jr. sold 30,432 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $31.03, for a total transaction of $944,304.96. Following the transaction, the director owned 1,414,636 shares in the company, valued at $43,896,155.08. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 60,232 shares of company stock worth $1,914,116. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Horizon Corp bought a new stake in shares of First Interstate BancSystem during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC grew its position in First Interstate BancSystem by 186.5% in the 2nd quarter. GAMMA Investing LLC now owns 994 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 647 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in First Interstate BancSystem by 139.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 862 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of First Interstate BancSystem by 1,485.1% in the third quarter. Jones Financial Companies Lllp now owns 1,601 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in First Interstate BancSystem in the 3rd quarter worth about $52,000. Institutional investors own 88.71% of the company’s stock.

Key First Interstate BancSystem News

Here are the key news stories impacting First Interstate BancSystem this week:

• Positive Sentiment: Large EPS beat — FIBK reported $1.08 GAAP EPS for Q4 vs. the $0.64 consensus, driven by higher net income ($108.8M) and strong year-over-year earnings acceleration; this explains positive reaction to profitability metrics. First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings
• Positive Sentiment: Dividend support — the board declared a quarterly dividend of $0.47 (annualized yield ~5.3%) with an ex-dividend date of Feb 10. The yield and visible cash return can attract income-focused investors.
• Neutral Sentiment: Revenue mixed — revenue was $205.1M, up 19.8% YoY but below some analyst forecasts (consensus ~ $256.9M), a mixed data point that tempers the EPS beat. First Interstate BancSystem, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Investor materials available — the company posted its press release and slide deck / earnings presentation, useful for digging into loan growth, deposit trends, and capital metrics. View Press Release / Slide Deck
• Neutral Sentiment: Analyst write-ups summarize the beat/miss — coverage (Zacks, MSN) highlights the EPS outperformance and revenue shortfall; read for metric breakdowns and context. First Interstate BancSystem (NASDAQ:FIBK) reports upbeat Q4 CY2025 First Interstate BancSystem (FIBK) Q4 Earnings and Revenues Surpass Estimates
• Negative Sentiment: Revenue shortfall and investor focus on top-line — the sizable miss to consensus revenue likely drove the intraday selloff despite the EPS beat; investors may be concerned about fee/interest income trends or one-time items inflating EPS. Compared to Estimates, First Interstate BancSystem (FIBK) Q4 Earnings: A Look at Key Metrics
• Negative Sentiment: Return metrics remain modest — ROE (~7.25%) and margins may look light versus peers, which could limit re-rating potential absent clearer top-line or efficiency improvements.
• Neutral Sentiment: Short-interest data appears negligible/irregular and is unlikely to be a near-term factor; no obvious short-covering squeeze dynamics.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc is a bank holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides a full range of commercial and consumer banking services. Its offerings include business lending, commercial real estate financing, agricultural loans, residential mortgage products, and deposit accounts suitable for individuals, small businesses, and large corporations.

The company traces its roots back to the late 1960s and has grown through a combination of organic expansion and strategic acquisitions across the Western United States.