Dimensional Fund Advisors LP Acquires 231,405 Shares of First Interstate BancSystem, Inc. $FIBK

Dimensional Fund Advisors LP grew its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 4.3% during the first quarter, HoldingsChannel reports. The firm owned 5,630,789 shares of the financial services provider’s stock after buying an additional 231,405 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of First Interstate BancSystem worth $188,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in shares of First Interstate BancSystem in the fourth quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of First Interstate BancSystem during the fourth quarter worth about $29,000. First Horizon Corp raised its position in First Interstate BancSystem by 56.0% during the fourth quarter. First Horizon Corp now owns 1,268 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 455 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 862 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in First Interstate BancSystem by 49.6% in the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 516 shares during the period. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of First Interstate BancSystem from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Wells Fargo & Company raised their target price on First Interstate BancSystem from $30.00 to $36.00 and gave the company an “underweight” rating in a research note on Monday, March 30th. Wall Street Zen raised First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. Barclays increased their price target on shares of First Interstate BancSystem from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $37.00 price target (down from $38.00) on shares of First Interstate BancSystem in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, First Interstate BancSystem currently has an average rating of “Hold” and an average target price of $37.33.

Key First Interstate BancSystem News

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

• Positive Sentiment: First Interstate BancSystem delivered a stronger-than-expected Q2 2026 profit result, with EPS of $0.87 topping consensus and improving from both the previous quarter and last year. First Interstate BancSystem, Inc. Reports Second Quarter Earnings
• Positive Sentiment: The company also announced a quarterly dividend of $0.47 per share, reinforcing its income appeal with an annualized yield around 4.9%. First Interstate BancSystem, Inc. annonce le versement d’un dividende le 14 août 2026
• Neutral Sentiment: Multiple earnings recap articles and the earnings call transcript are adding attention to the results, but they largely reiterate the same beat-and-dividend story rather than introducing new catalysts. First Interstate BancSystem, Inc. (FIBK) Q2 2026 Earnings Call Transcript

First Interstate BancSystem Stock Up 0.1%

FIBK stock opened at $38.12 on Friday. First Interstate BancSystem, Inc. has a twelve month low of $27.60 and a twelve month high of $40.60. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.70 billion, a P/E ratio of 11.73 and a beta of 0.76. The business’s 50-day moving average price is $37.17 and its 200-day moving average price is $36.02.

First Interstate BancSystem (NASDAQ:FIBK) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. First Interstate BancSystem had a net margin of 22.64% and a return on equity of 9.49%. The company had revenue of $99.10 million during the quarter, compared to analyst estimates of $249.32 million. On average, equities research analysts forecast that First Interstate BancSystem, Inc. will post 2.66 EPS for the current year.

First Interstate BancSystem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, August 4th. First Interstate BancSystem’s dividend payout ratio is presently 61.24%.

Insider Activity

In other news, major shareholder Julie A. Scott sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.97, for a total value of $539,550.00. Following the completion of the transaction, the insider owned 488,359 shares of the company’s stock, valued at $17,566,273.23. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Jonathan R. Scott sold 12,892 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $35.58, for a total value of $458,697.36. Following the completion of the transaction, the insider directly owned 866,628 shares in the company, valued at approximately $30,834,624.24. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,392 shares of company stock worth $1,161,552 over the last 90 days. Company insiders own 8.00% of the company’s stock.

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.