Jennison Associates LLC Has $46.93 Million Stock Position in First Interstate BancSystem, Inc. $FIBK

Jennison Associates LLC cut its holdings in shares of First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,356,333 shares of the financial services provider’s stock after selling 272,789 shares during the period. Jennison Associates LLC’s holdings in First Interstate BancSystem were worth $46,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIBK. AQR Capital Management LLC boosted its stake in First Interstate BancSystem by 37.2% during the 1st quarter. AQR Capital Management LLC now owns 67,214 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 18,210 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Interstate BancSystem by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,230 shares of the financial services provider’s stock worth $1,353,000 after purchasing an additional 2,070 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of First Interstate BancSystem in the first quarter valued at approximately $238,000. Jones Financial Companies Lllp lifted its holdings in shares of First Interstate BancSystem by 24,352.5% in the first quarter. Jones Financial Companies Lllp now owns 24,697 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 24,596 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Interstate BancSystem during the first quarter valued at approximately $5,125,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

First Interstate BancSystem Stock Up 3.1%

FIBK stock opened at $35.49 on Friday. The stock’s fifty day simple moving average is $34.19 and its two-hundred day simple moving average is $34.41. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.09. First Interstate BancSystem, Inc. has a 1-year low of $25.81 and a 1-year high of $39.26. The stock has a market cap of $3.59 billion, a P/E ratio of 11.56 and a beta of 0.77.

First Interstate BancSystem (NASDAQ:FIBK) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $41.10 million during the quarter, compared to analyst estimates of $242.78 million. First Interstate BancSystem had a return on equity of 9.07% and a net margin of 21.40%.During the same period last year, the firm posted $0.49 EPS. Analysts expect that First Interstate BancSystem, Inc. will post 2.71 EPS for the current year.

First Interstate BancSystem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Monday, May 11th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, May 11th. First Interstate BancSystem’s dividend payout ratio (DPR) is 61.24%.

Wall Street Analysts Forecast Growth

FIBK has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and issued a $42.00 price target on shares of First Interstate BancSystem in a research report on Thursday, January 29th. Wall Street Zen lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Stephens lowered shares of First Interstate BancSystem from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 5th. UBS Group downgraded shares of First Interstate BancSystem from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $38.00 to $35.00 in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company increased their price objective on shares of First Interstate BancSystem from $30.00 to $36.00 and gave the company an “underweight” rating in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, First Interstate BancSystem currently has a consensus rating of “Hold” and an average price target of $38.00.

More First Interstate BancSystem News

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

• Positive Sentiment: Q1 EPS slightly topped expectations — $0.61 vs. the $0.60 consensus, showing year-over-year improvement from $0.49 and beating estimates. First Interstate BancSystem (FIBK) Q1 Earnings Surpass Estimates
• Positive Sentiment: Board declared a quarterly dividend of $0.47/share (ex-dividend May 11), implying a roughly 5.3% yield — attractive to income-focused investors and likely supporting the stock.
• Neutral Sentiment: The company released its Q1 press release, slide deck and conference-call materials for deeper detail on NII, margin drivers and credit trends; these materials may guide near-term sentiment. Q1 Press Release / Slide Deck
• Neutral Sentiment: Analyst write-ups (Zacks, MarketBeat) break down key metrics (net interest margin, ROE, net margin) and provide context for the modest EPS beat versus broader revenue and trend data. Compared to Estimates, First Interstate BancSystem (FIBK) Q1 Earnings: A Look at Key Metrics
• Negative Sentiment: Revenue came in well below Street expectations (reported ~$41.1M vs. consensus near ~$243M in some reports), a large top-line miss that raises questions about fee income or accounting variances and pressures valuation. First Interstate BancSystem (NASDAQ:FIBK) misses Q1 CY2026 sales expectations
• Negative Sentiment: On a sequential basis, Q1 EPS declined from $1.08 in Q4 2025 to $0.61 in Q1 2026, signaling quarter-to-quarter pressure on earnings power that investors should monitor. First Interstate BancSystem, Inc. Reports First Quarter Earnings

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.