What is DA Davidson’s Forecast for FIBK Q2 Earnings?

First Interstate BancSystem, Inc. (NASDAQ:FIBK) – Investment analysts at DA Davidson reduced their Q2 2025 earnings estimates for shares of First Interstate BancSystem in a note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.57. The consensus estimate for First Interstate BancSystem’s current full-year earnings is $2.53 per share. DA Davidson also issued estimates for First Interstate BancSystem’s FY2025 earnings at $2.32 EPS and FY2026 earnings at $2.61 EPS.

Other research analysts also recently issued reports about the company. Barclays dropped their price target on First Interstate BancSystem from $31.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of First Interstate BancSystem from a “sell” rating to a “hold” rating in a research report on Saturday, May 10th. Keefe, Bruyette & Woods raised shares of First Interstate BancSystem from a “hold” rating to a “moderate buy” rating and set a $32.00 target price for the company in a research note on Monday, June 23rd. Finally, Wells Fargo & Company decreased their price target on shares of First Interstate BancSystem from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, First Interstate BancSystem presently has a consensus rating of “Hold” and an average price target of $34.43.

First Interstate BancSystem Stock Performance

NASDAQ:FIBK opened at $28.82 on Monday. The stock has a 50-day moving average price of $27.29 and a 200 day moving average price of $29.24. The stock has a market capitalization of $3.02 billion, a P/E ratio of 13.66 and a beta of 0.79. First Interstate BancSystem has a 12-month low of $22.95 and a 12-month high of $36.77. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

First Interstate BancSystem (NASDAQ:FIBK) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). First Interstate BancSystem had a net margin of 14.93% and a return on equity of 6.57%. The business had revenue of $42.00 million for the quarter, compared to the consensus estimate of $253.50 million. During the same period in the prior year, the business earned $0.57 earnings per share. First Interstate BancSystem’s revenue was up 2.0% compared to the same quarter last year.

First Interstate BancSystem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.52%. The ex-dividend date was Monday, May 12th. First Interstate BancSystem’s dividend payout ratio is presently 89.10%.

Hedge Funds Weigh In On First Interstate BancSystem

Several institutional investors have recently bought and sold shares of FIBK. Wood Tarver Financial Group LLC bought a new stake in shares of First Interstate BancSystem in the 4th quarter worth about $26,000. JNBA Financial Advisors purchased a new position in First Interstate BancSystem in the first quarter worth about $29,000. Quarry LP increased its stake in First Interstate BancSystem by 63.8% during the first quarter. Quarry LP now owns 1,155 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 450 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in First Interstate BancSystem during the fourth quarter worth approximately $69,000. Finally, Covestor Ltd raised its position in First Interstate BancSystem by 25.8% during the fourth quarter. Covestor Ltd now owns 2,485 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 510 shares during the period. Institutional investors own 88.71% of the company’s stock.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.