Cullen Capital Management LLC Takes $701,000 Position in First Interstate BancSystem, Inc. $FIBK

Posted by Geri Gentry on Aug 26th, 2026

Cullen Capital Management LLC bought a new stake in First Interstate BancSystem, Inc. (NASDAQ:FIBK – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 18,177 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. acquired a new position in First Interstate BancSystem in the fourth quarter valued at $25,000. Kestra Advisory Services LLC purchased a new stake in shares of First Interstate BancSystem in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its stake in First Interstate BancSystem by 139.3% during 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. CIBC Private Wealth Group LLC purchased a new position in First Interstate BancSystem during the 3rd quarter worth approximately $52,000. Finally, Danske Bank A S acquired a new position in First Interstate BancSystem during the third quarter worth approximately $57,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIBK has been the subject of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $39.00 price objective on shares of First Interstate BancSystem in a report on Monday, July 27th. Barclays downgraded shares of First Interstate BancSystem from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $38.00 to $37.00 in a research report on Monday, August 3rd. UBS Group lifted their price objective on shares of First Interstate BancSystem from $30.00 to $33.00 and gave the company a “sell” rating in a research note on Friday, May 1st. Wells Fargo & Company reiterated an “underweight” rating and set a $34.00 target price (down from $36.00) on shares of First Interstate BancSystem in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded First Interstate BancSystem from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $36.83.

Read Our Latest Research Report on FIBK

Insider Activity at First Interstate BancSystem

In related news, major shareholder Jonathan R. Scott sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $36.29, for a total value of $163,305.00. Following the sale, the insider owned 862,128 shares in the company, valued at $31,286,625.12. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Julie A. Scott sold 15,000 shares of First Interstate BancSystem stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.97, for a total value of $539,550.00. Following the transaction, the insider directly owned 488,359 shares of the company’s stock, valued at $17,566,273.23. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,392 shares of company stock worth $1,161,552 in the last three months. Corporate insiders own 8.00% of the company’s stock.

First Interstate BancSystem Stock Down 0.5%

Shares of NASDAQ:FIBK opened at $37.06 on Wednesday. First Interstate BancSystem, Inc. has a fifty-two week low of $29.10 and a fifty-two week high of $40.60. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $38.24 and its 200-day simple moving average is $36.19. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 11.40 and a beta of 0.76.

First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.18. First Interstate BancSystem had a return on equity of 9.55% and a net margin of 23.63%.The firm had revenue of $263.90 million during the quarter, compared to analysts’ expectations of $249.32 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. First Interstate BancSystem’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that First Interstate BancSystem, Inc. will post 2.84 earnings per share for the current year.

First Interstate BancSystem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.88 annualized dividend and a dividend yield of 5.1%. First Interstate BancSystem’s payout ratio is 57.85%.

First Interstate BancSystem Company Profile

(Free Report)

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.