Leeward Investments LLC MA Sells 34,839 Shares of First Interstate BancSystem, Inc. $FIBK

Posted by Brian Himes on Oct 26th, 2026

Leeward Investments LLC MA decreased its position in First Interstate BancSystem, Inc. (NASDAQ:FIBK – Free Report) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 583,577 shares of the financial services provider’s stock after selling 34,839 shares during the quarter. First Interstate BancSystem accounts for approximately 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 27th largest position. Leeward Investments LLC MA’s holdings in First Interstate BancSystem were worth $20,857,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of First Interstate BancSystem in the second quarter worth $529,533,000. Dimensional Fund Advisors LP raised its stake in shares of First Interstate BancSystem by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,630,789 shares of the financial services provider’s stock valued at $188,066,000 after acquiring an additional 231,405 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Interstate BancSystem by 1.4% in the first quarter. Bank of America Corp DE now owns 1,778,094 shares of the financial services provider’s stock valued at $59,388,000 after acquiring an additional 24,250 shares in the last quarter. First Trust Advisors LP raised its stake in shares of First Interstate BancSystem by 214.9% in the first quarter. First Trust Advisors LP now owns 1,197,557 shares of the financial services provider’s stock valued at $39,998,000 after acquiring an additional 817,235 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in First Interstate BancSystem during the 2nd quarter worth $38,663,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on First Interstate BancSystem from $37.00 to $38.00 and gave the company an “underweight” rating in a research note on Monday, October 5th. Wall Street Zen lowered shares of First Interstate BancSystem from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $34.00 target price (down from $36.00) on shares of First Interstate BancSystem in a report on Monday, August 10th. DA Davidson reiterated a “neutral” rating and issued a $39.00 price target on shares of First Interstate BancSystem in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated 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 given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, First Interstate BancSystem presently has an average rating of “Reduce” and a consensus price target of $37.00.

Check Out Our Latest Research Report on FIBK

First Interstate BancSystem Stock Performance

NASDAQ FIBK opened at $36.78 on Monday. The firm has a market cap of $3.51 billion, a P/E ratio of 11.46 and a beta of 0.73. First Interstate BancSystem, Inc. has a 52-week low of $29.39 and a 52-week high of $40.60. The business’s 50-day moving average price is $36.50 and its 200 day moving average price is $36.57. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.09.

First Interstate BancSystem (NASDAQ:FIBK – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). First Interstate BancSystem had a return on equity of 9.49% and a net margin of 29.18%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $247.93 million. On average, equities research analysts expect that First Interstate BancSystem, Inc. will post 2.88 earnings per share for the current year.

First Interstate BancSystem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, November 3rd will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, November 3rd. First Interstate BancSystem’s payout ratio is currently 58.57%.

More First Interstate BancSystem News

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

Positive Sentiment: First Interstate declared a quarterly dividend of $0.47 per share, equivalent to $1.88 annually and a yield of approximately 5.2%. The dividend supports the stock’s income appeal. First Interstate dividend information
Positive Sentiment: Third-quarter revenue totaled $249.5 million, slightly exceeding analyst expectations of $247.93 million. Net interest margin also improved to 3.53%, a potentially encouraging sign for future earnings if sustained. First Interstate third-quarter earnings release
Neutral Sentiment: Major shareholder Jonathan Scott sold 5,000 shares for approximately $184,500. The sale reduced his holdings by only 0.61%, leaving him with 812,738 shares, so the transaction is relatively small compared with his remaining stake. SEC insider ownership filing
Negative Sentiment: FIBK reported third-quarter earnings of $0.65 per diluted share, missing consensus estimates, which ranged from roughly $0.70 to $0.92 depending on the data provider. Net income fell to $62.2 million from $71.4 million a year earlier, while earnings declined to $0.65 from $0.69 per share. First Interstate earnings flash
Negative Sentiment: Investors remain concerned about weak core earnings growth, a contracting loan portfolio and a declining asset base. These trends suggest that improved margins have not yet translated into stronger overall operating performance relative to regional-bank peers. First Interstate Q3 analysis

Insider Buying and Selling at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Julie A. Scott sold 2,700 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $37.64, for a total transaction of $101,628.00. Following the completion of the transaction, the insider owned 484,309 shares in the company, valued at approximately $18,229,390.76. This represents a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jonathan Scott sold 16,929 shares of First Interstate BancSystem stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $37.03, for a total transaction of $626,880.87. Following the completion of the sale, the insider directly owned 825,809 shares in the company, valued at approximately $30,579,707.27. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,700 shares of company stock worth $1,213,976 over the last three months. 8.00% of the stock is currently owned by corporate insiders.

First Interstate BancSystem Profile

(Free Report)

First Interstate BancSystem, Inc is a financial holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides community banking services to individuals, businesses, agricultural customers and governmental entities.

First Interstate Bank offers deposit accounts, consumer and commercial loans, mortgage lending, credit cards, cash-management and treasury-management services, online and mobile banking, and wealth-management and investment services.