Barclays Cuts First Interstate BancSystem (NASDAQ:FIBK) Price Target to $36.00

First Interstate BancSystem (NASDAQ:FIBK) had its price objective lowered by analysts at Barclays from $38.00 to $36.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 1.47% from the company’s current price.

Several other brokerages have also recently issued reports on FIBK. Weiss Ratings restated a “hold (c+)” rating on shares of First Interstate BancSystem in a report on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on First Interstate BancSystem from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. 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. DA Davidson reissued a “buy” rating and issued a $42.00 target price on shares of First Interstate BancSystem in a report on Thursday. Finally, UBS Group reiterated a “neutral” rating and set a $37.00 price target on shares of First Interstate BancSystem in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, First Interstate BancSystem presently has an average rating of “Hold” and an average target price of $37.57.

First Interstate BancSystem Stock Down 1.8%

Shares of FIBK stock traded down $0.66 on Friday, reaching $35.48. 237,705 shares of the stock were exchanged, compared to its average volume of 1,025,839. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 12.04 and a beta of 0.80. The business’s 50 day moving average price is $35.40 and its 200 day moving average price is $32.71. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.09. First Interstate BancSystem has a twelve month low of $22.95 and a twelve month high of $38.78.

First Interstate BancSystem (NASDAQ:FIBK) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.44. First Interstate BancSystem had a return on equity of 8.86% and a net margin of 17.62%.The company had revenue of $205.10 million during the quarter, compared to the consensus estimate of $256.89 million. During the same period in the previous year, the business earned $0.50 EPS. First Interstate BancSystem’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, sell-side analysts expect 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 4,800 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $31.27, for a total value of $150,096.00. Following the completion of the sale, the insider owned 941,024 shares of the company’s stock, valued at approximately $29,425,820.48. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Susan Scott Heyneman Trust, Su sold 10,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $32.75, for a total transaction of $327,500.00. Following the sale, the insider owned 224,460 shares in the company, valued at approximately $7,351,065. This trade represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 60,232 shares of company stock worth $1,914,116. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FIBK. State of New Jersey Common Pension Fund D boosted its stake in First Interstate BancSystem by 13.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 71,154 shares of the financial services provider’s stock valued at $2,051,000 after purchasing an additional 8,243 shares in the last quarter. Norges Bank bought a new stake in shares of First Interstate BancSystem during the 2nd quarter worth $29,082,000. HoldCo Asset Management LP purchased a new position in First Interstate BancSystem in the 2nd quarter worth about $102,890,000. Villere ST Denis J & Co. LLC increased its position in shares of First Interstate BancSystem by 4.9% in the second quarter. Villere ST Denis J & Co. LLC now owns 556,628 shares of the financial services provider’s stock worth $16,042,000 after acquiring an additional 25,799 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in shares of First Interstate BancSystem by 4.4% in the second quarter. Peregrine Capital Management LLC now owns 194,378 shares of the financial services provider’s stock valued at $5,602,000 after purchasing an additional 8,115 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

More First Interstate BancSystem News

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

• Positive Sentiment: Strong EPS and earnings momentum: FIBK reported $1.08 EPS for Q4 (well above the $0.64 consensus) and meaningful net income growth year‑over‑year, which supports profitability metrics and valuation. Read More.
• Positive Sentiment: Analyst support: DA Davidson reaffirmed a Buy rating and set a $42 price target (~16% implied upside vs recent levels), which could anchor near‑term investor interest. Read More.
• Positive Sentiment: Capital returns & dividend: Company announced a $0.47 quarterly dividend (~5.3% yield) and is intensifying share repurchases, both of which provide cash return to shareholders and can support the share price. Read More.
• Positive Sentiment: Outlook for margin improvement: Management expects sequential net interest margin gains through 2026 driven by branch optimization and buybacks, a structural tailwind for NIM and earnings. Read More.
• Neutral Sentiment: Detailed disclosures and presentation: Management provided a slide deck and full earnings call transcript for deeper review — useful for modeling loan yields, fee income trends and expense assumptions. Read More. • Read More.
• Neutral Sentiment: Analyst writeups: Multiple outlets (Zacks, Seeking Alpha, Yahoo) highlight the beat on EPS and rising revenues year‑over‑year; review these for metric comparisons to street estimates. Read More.
• Negative Sentiment: Revenue missed consensus by a notable margin: FIBK reported $205.1M revenue vs. a ~ $256.9M consensus — the topline shortfall likely drove the intra‑day weakness as investors weigh sustainability of growth and fee/interest income trends. Read More.

About First Interstate BancSystem

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.