First Interstate BancSystem (NASDAQ:FIBK) Price Target Cut to $36.00 by Analysts at Barclays

First Interstate BancSystem (NASDAQ:FIBK) had its price target cut by Barclays from $38.00 to $36.00 in a research report report published on Friday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Interstate BancSystem in a research note on Monday, December 29th. DA Davidson restated a “buy” rating and set a $42.00 price target on shares of First Interstate BancSystem in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on First Interstate BancSystem from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Wall Street Zen lowered First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of First Interstate BancSystem in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, First Interstate BancSystem has a consensus rating of “Hold” and a consensus price target of $37.50.

First Interstate BancSystem Trading Down 1.9%

FIBK stock opened at $35.47 on Friday. The company has a market capitalization of $3.65 billion, a PE ratio of 12.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.73 and a current ratio of 0.73. First Interstate BancSystem has a one year low of $22.95 and a one year high of $38.78. The company’s 50 day moving average price is $35.48 and its two-hundred day moving average price is $32.74.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.44. The company had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $256.89 million. First Interstate BancSystem had a net margin of 17.62% and a return on equity of 8.83%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. As a group, analysts predict that First Interstate BancSystem will post 2.53 earnings per share for the current fiscal year.

First Interstate BancSystem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $1.88 annualized dividend and a dividend yield of 5.3%. First Interstate BancSystem’s payout ratio is 63.73%.

Insider Activity at First Interstate BancSystem

In related news, major shareholder Susan Scott Heyneman Trust, Su sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $32.75, for a total value of $327,500.00. Following the completion of the sale, the insider owned 224,460 shares of the company’s stock, valued at $7,351,065. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jonathan R. Scott sold 4,800 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $31.27, for a total transaction of $150,096.00. Following the transaction, the insider directly owned 941,024 shares in the company, valued at approximately $29,425,820.48. The trade was a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,232 shares of company stock worth $1,914,116 over the last quarter. 8.20% of the stock is owned by corporate insiders.

Institutional Trading of First Interstate BancSystem

Several institutional investors and hedge funds have recently bought and sold shares of FIBK. New York State Teachers Retirement System bought a new stake in First Interstate BancSystem during the 4th quarter valued at approximately $683,000. State of New Jersey Common Pension Fund D boosted its position in shares of First Interstate BancSystem by 1.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 71,943 shares of the financial services provider’s stock valued at $2,489,000 after purchasing an additional 1,112 shares in the last quarter. Keybank National Association OH grew its stake in First Interstate BancSystem by 13.6% in the fourth quarter. Keybank National Association OH now owns 13,849 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 1,660 shares during the period. Torren Management LLC bought a new position in First Interstate BancSystem in the fourth quarter worth $61,000. Finally, Comerica Bank lifted its position in First Interstate BancSystem by 113.9% during the fourth quarter. Comerica Bank now owns 36,716 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 19,548 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting First Interstate BancSystem

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

• Positive Sentiment: Q4 earnings beat: reported EPS $1.08 vs. ~$0.64 consensus, a sizable beat that drove the upbeat tone in results; revenue commentary is mixed across outlets but earnings momentum is clear. Zacks: Q4 Earnings
• Positive Sentiment: Management expects sequential net interest margin (NIM) improvement and is accelerating branch optimization and share repurchases—these initiatives support margin recovery and EPS growth over 2026. MSN: NIM & Strategy
• Positive Sentiment: Shareholder returns: the board announced a quarterly dividend of $0.47 (annualized yield ~5.3%), with an ex-dividend date of Feb 10, which increases income appeal for yield-focused holders.
• Positive Sentiment: Analyst support persists: DA Davidson reaffirmed a “Buy” rating with a $42 price target, signaling meaningful upside from current levels. American Banking News: DA Davidson
• Neutral Sentiment: Earnings call materials available — the transcript and slide deck provide detail on restructuring, branch rationalization and capital deployment plans for 2026; these give investors visibility but require monitoring execution. Seeking Alpha: Transcript Seeking Alpha: Presentation
• Negative Sentiment: Barclays downgraded the outlook by trimming its price target from $38 to $36 and moving to an “Equal Weight” stance, which reduces analyst-driven upside and likely contributed to selling pressure. Benzinga: Barclays PT Cut

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.