First Interstate BancSystem
FIBK

$30.71

0.87%

Market Cap: $3.21B

About: First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates majority of income from interest charged on loans, and interest and dividends earned on investments.

Employees: 3,585

Financials State Commercial Banks

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

787% more call options, than puts

Call options by funds: $1.4M | Put options by funds: $158K

6% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 80

2% more capital invested

Capital invested by funds: $2.23B [Q1] → $2.27B (+$38.8M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

0.63% less ownership

Funds ownership: 78.82% [Q1] → 78.2% (-0.63%) [Q2]

3% less funds holding

Funds holding: 223 [Q1] → 217 (-6) [Q2]

18% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 33

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$25

19%

downside

Avg. target

$33

7%

upside

High target

$38

24%

upside

9 analyst ratings

4 positive

44%

5 neutral

56%

0 negative

0%

Piper Sandler Matthew Clark 65% 1-year accuracy 11 / 17 met price target	24%upside $38	Overweight Maintained	26 Aug 2024
Barclays Jared Shaw 68% 1-year accuracy 26 / 38 met price target	1%upside $31	Equal-Weight Maintained	29 Jul 2024
Keefe, Bruyette & Woods Christopher Mcgratty 73% 1-year accuracy 11 / 15 met price target	1%upside $31	Market Perform Maintained	29 Jul 2024
DA Davidson Jeff Rulis 88% 1-year accuracy 7 / 8 met price target	11%upside $34	Neutral Maintained	29 Jul 2024
Piper Sandler Matthew Clark 65% 1-year accuracy 11 / 17 met price target	24%upside $38	Overweight Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

First Interstate BancSystem: Big Dividend Yield, But Fairly Valued

First Interstate BancSystem, Inc. has seen some recent insider buying and also offers an over 6.2% dividend yield. The bank's loan book appears in decent shape with manageable exposure to the challenged commercial real estate sector. An analysis around this high yielding bank stock follows in the paragraphs below.

First Interstate BancSystem: Big Dividend Yield, But Fairly Valued

First Interstate BancSystem: CRE Loans Take Up A Huge Weight In The Portfolio

Valuation not expensive, but caution advised due to heavy reliance on CRE loans and potential economic slowdown. Loan portfolio growth stagnant, management shifting strategy towards reducing debt and leveraging. High dividend yield of 6.63% may be attractive, but concerns about sustainability due to exposure to CRE loans and slow growth.

First Interstate BancSystem: CRE Loans Take Up A Huge Weight In The Portfolio

First Interstate BancSystem, Inc. (FIBK) Q2 2024 Earnings Call Transcript

First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Andrea Walton – Investor Relations Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer Conference Call Participants Andrew Terrell – Stephens Matthew Clark – Piper Sandler Jared Shaw – Barclays Chris McGratty – KBW Timur Braziler – Wells Fargo Operator Good day, and welcome to the First Interstate BancSystem, Inc. Second Quarter Earnings. At this time, all participants are in a listen-only mode.

First Interstate BancSystem, Inc. (FIBK) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, First Interstate BancSystem (FIBK) Q2 Earnings: A Look at Key Metrics

The headline numbers for First Interstate BancSystem (FIBK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, First Interstate BancSystem (FIBK) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

First Interstate BancSystem (FIBK) Q2 Earnings Beat Estimates

First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.66 per share a year ago.

First Interstate BancSystem (FIBK) Q2 Earnings Beat Estimates

First Interstate BancSystem, Inc. Reports Second Quarter Earnings

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the second quarter of 2024. For the quarter, the Company reported net income of $60.0 million, or $0.58 per share, which compares to net income of $58.4 million, or $0.57 per share, for the first quarter of 2024 and net income of $67.0 million, or $0.65 per share, for the second quarter of 2023. HIGHLIGHTS Criticized loans decreased $12.0 million at June 30, 20.

First Interstate BancSystem, Inc. Reports Second Quarter Earnings

Zacks Investment Research

Wall Street's Insights Into Key Metrics Ahead of First Interstate BancSystem (FIBK) Q2 Earnings

Besides Wall Street's top -and-bottom-line estimates for First Interstate BancSystem (FIBK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Wall Street's Insights Into Key Metrics Ahead of First Interstate BancSystem (FIBK) Q2 Earnings

First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Thursday, July 25, 2024. A conference call for investors is scheduled for Friday, July 26, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telepho.

First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call

First Interstate BancSystem, Inc. Announces President and CEO Kevin P. Riley's Retirement

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed. Riley joined First Interstate in 2013 as Executive Vice President and the Chief Financial Officer before becoming President and CEO in 2015. “.

First Interstate BancSystem, Inc. Announces President and CEO Kevin P. Riley's Retirement

Zacks Investment Research

First Interstate BancSystem (FIBK)'s Technical Outlook is Bright After Key Golden Cross

After reaching an important support level, First Interstate BancSystem, Inc. (FIBK) could be a good stock pick from a technical perspective. FIBK recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

First Interstate BancSystem (FIBK)'s Technical Outlook is Bright After Key Golden Cross

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