First Interstate BancSystem (NASDAQ:FIBK) Major Shareholder Sells $385,300.00 in Stock

November 11, 2026 by InsiderTrades.com

Key Points

Major shareholder Jonathan Scott sold 10,000 shares for $385,300 at an average price of $38.53, leaving him with 797,738 shares.
First Interstate reported quarterly EPS of $0.65, below the $0.68 analyst consensus; the company also declared a $0.47 quarterly dividend, equivalent to a 4.9% yield.
Analysts’ average rating was “Reduce,” with an average price target of $37.43; shares opened at $38.00 and were reported down 1.1%.

First Interstate BancSystem, Inc. (NASDAQ:FIBK - Get Free Report) major shareholder Jonathan Scott sold 10,000 shares of the firm's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $38.53, for a total value of $385,300.00. Following the completion of the transaction, the insider directly owned 797,738 shares in the company, valued at $30,736,845.14. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

First Interstate BancSystem Trading Down 1.1%

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Shares of FIBK opened at $38.00 on Wednesday. The stock's 50-day moving average is $36.61 and its two-hundred day moving average is $36.33. The stock has a market cap of $3.52 billion, a PE ratio of 11.97 and a beta of 0.73. First Interstate BancSystem, Inc. has a 12 month low of $29.39 and a 12 month high of $40.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.68 and a quick ratio of 0.68.

First Interstate BancSystem (NASDAQ:FIBK - Get Free Report) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.03). The company had revenue of $43.30 million during the quarter, compared to analyst estimates of $247.93 million. First Interstate BancSystem had a net margin of 23.30% and a return on equity of 9.49%. Equities analysts forecast that First Interstate BancSystem, Inc. will post 2.79 earnings per share for the current fiscal year.

First Interstate BancSystem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, November 3rd will be issued 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, November 3rd. First Interstate BancSystem's dividend payout ratio is currently 58.57%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of First Interstate BancSystem from a "hold" rating to a "sell" rating in a research note on Saturday, October 24th. Barclays upped their target price on shares of First Interstate BancSystem from $37.00 to $38.00 and gave the company an "underweight" rating in a research note on Monday, October 5th. DA Davidson reaffirmed a "neutral" rating and set a $39.00 price target on shares of First Interstate BancSystem in a report on Monday, July 27th. Wells Fargo & Company lifted their price target on shares of First Interstate BancSystem from $34.00 to $36.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Interstate BancSystem in a research note on Monday, September 28th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $37.43.

Read Our Latest Stock Analysis on FIBK

Institutional Trading of First Interstate BancSystem

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in First Interstate BancSystem in the second quarter valued at $529,533,000. Bank of America Corp DE acquired a new stake in First Interstate BancSystem during the second quarter valued at approximately $56,386,000. Bank of New York Mellon Corp acquired a new stake in First Interstate BancSystem during the second quarter valued at approximately $38,663,000. First Trust Advisors LP lifted its holdings in First Interstate BancSystem by 214.9% during the 1st quarter. First Trust Advisors LP now owns 1,197,557 shares of the financial services provider's stock worth $39,998,000 after buying an additional 817,235 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in First Interstate BancSystem during the 2nd quarter worth approximately $30,000,000. Institutional investors own 88.71% of the company's stock.

About First Interstate BancSystem

(Get Free Report)

First Interstate BancSystem, Inc. is a financial holding company whose principal subsidiary is First Interstate Bank. The bank provides personal, business and agricultural banking services, including deposit accounts, loans, mortgage lending and treasury management. Its other offerings include wealth management, trust and investment services, and insurance. The company serves individuals, businesses and communities across a multistate footprint in the western and north-central United States. Established in Montana in 1968, First Interstate BancSystem has grown through the development of its banking operations and acquisitions.