First Interstate BancSystem (FIBK) 10% owner sells $21,687 in stock

A 10% owner of First Interstate BancSystem Inc (NASDAQ:FIBK), Jonathan Scott, along with related trusts and entities, reported selling 685 shares of common stock on October 9, 2025. The shares were sold at a weighted average price of $31.66, for a total transaction value of $21,687. The $3.29 billion bank holding company currently offers a 5.93% dividend yield and has maintained dividend payments for 16 consecutive years, according to InvestingPro data.

The sales occurred in multiple transactions with prices ranging from $31.52 to $31.76. Following the transaction, the reporting parties collectively own 952,824 shares. Trading at 0.96 times book value and up 26% over the past six months, the stock appears undervalued based on InvestingPro’s Fair Value analysis. Investors should note that the company’s next earnings report is scheduled for October 29, 2025.

The reporting owners include Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04, IXL Ltd Liability Co, Holland Elizabeth Scott Trust, Harper Grace Scott Trust, and Harrison William Scott Trust. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full First Interstate BancSystem research report on InvestingPro.

In other recent news, First Interstate BancSystem has authorized a $150 million stock repurchase program, allowing the company to buy back up to 4.5% of its shares by March 31, 2027. This move has been met with a reiterated Outperform rating and a $32.00 price target from Keefe, Bruyette & Woods. Additionally, DA Davidson raised its price target for First Interstate BancSystem to $38.00, maintaining a Buy rating following a non-deal roadshow with the company’s management team.

In another development, First Interstate BancSystem announced the redemption of all its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, in accordance with the terms of the original indenture agreement. The company also made a significant appointment to its board of directors, naming Renu Agrawal as a Class III director, with her term extending until the 2027 annual meeting of shareholders. Agrawal brings extensive experience from her previous roles at Wells Fargo and other firms.

These recent developments reflect First Interstate BancSystem’s strategic initiatives to enhance shareholder value and strengthen its leadership team.

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