DA Davidson Reaffirms “Buy” Rating for First Interstate BancSystem (NASDAQ:FIBK)

First Interstate BancSystem (NASDAQ:FIBK)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They presently have a $42.00 target price on the financial services provider’s stock. DA Davidson’s target price would suggest a potential upside of 18.41% from the stock’s previous close.

FIBK has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Interstate BancSystem in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on shares of First Interstate BancSystem from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. UBS Group reissued a “neutral” rating and set a $37.00 price objective on shares of First Interstate BancSystem in a report on Tuesday, January 6th. Wall Street Zen lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Barclays increased their price target on First Interstate BancSystem from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.50.

First Interstate BancSystem Trading Down 1.9%

FIBK opened at $35.47 on Thursday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 12.02 and a beta of 0.80. The company’s 50 day moving average price is $35.48 and its two-hundred day moving average price is $32.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.73 and a quick ratio of 0.73. First Interstate BancSystem has a fifty-two week low of $22.95 and a fifty-two 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 8.83% and a net margin of 17.62%.The business had revenue of $205.10 million during the quarter, compared to the consensus estimate of $256.89 million. During the same period in the prior year, the business posted $0.50 earnings per share. First Interstate BancSystem’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, research analysts predict that First Interstate BancSystem will post 2.53 earnings per share for the current year.

Insider Activity

In related news, major shareholder Jonathan R. Scott sold 1,827 shares of First Interstate BancSystem stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $36.92, for a total transaction of $67,452.84. Following the completion of the sale, the insider owned 936,024 shares of the company’s stock, valued at approximately $34,558,006.08. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Heyneman, Jr. sold 30,432 shares of First Interstate BancSystem stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $31.03, for a total value of $944,304.96. Following the sale, the director owned 1,414,636 shares of the company’s stock, valued at approximately $43,896,155.08. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,232 shares of company stock worth $1,914,116 over the last ninety days. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

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