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Jonathan Scott, a ten percent owner in First Interstate BancSystem Inc (NASDAQ:FIBK), reported the sale of 19,315 shares of common stock on October 7th and 8th, 2025. The $3.33 billion regional bank, which has seen its shares rise over 26% in the past six months, completed these sales in multiple transactions, generating $619,370. According to InvestingPro analysis, the stock currently appears undervalued against its Fair Value.
On October 7, 13,715 shares were sold at prices ranging from $32.00 to $32.33. The following day, October 8, an additional 5,600 shares were sold, with prices ranging from $32.00 to $32.07. These transactions occurred as the stock trades near $31.72, maintaining its attractive 5.93% dividend yield.
Following these transactions, the trusts associated with Scott directly or indirectly own 953,509 shares of First Interstate BancSystem Inc. The company has maintained dividend payments for 16 consecutive years, demonstrating consistent shareholder returns. For deeper insights into insider trading patterns and comprehensive analysis, explore the full research report available on InvestingPro.
In other recent news, First Interstate BancSystem announced a new $150 million stock repurchase program authorized by its board of directors, allowing the company to buy back its common stock until March 31, 2027. This announcement was followed by Keefe, Bruyette & Woods reiterating an Outperform rating for the company, with a price target set at $32.00, citing the buyback plan as a positive move. DA Davidson also raised its price target for First Interstate BancSystem to $38.00 from $35.00, maintaining a Buy rating after a recent roadshow with the company’s management.
Additionally, First Interstate BancSystem completed the redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, fulfilling terms set in its indenture agreement. In corporate governance developments, the company appointed Renu Agrawal as a Class III director, filling a board vacancy. Agrawal brings extensive experience from previous roles at Wells Fargo and other organizations. These developments reflect the company’s strategic financial and leadership decisions aimed at strengthening its position in the market.
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