Jonathan R Scott sells $300,967 of First Interstate BancSystem stock

Jonathan R. Scott, a director at First Interstate BancSystem Inc (NASDAQ:FIBK), sold 8,071 shares of the company's common stock on September 14, 2026. The shares, sold at a weighted average price of $37.29, ranged between $37.10 and $37.44. This transaction amounted to a total value of $300,967. The insider sale occurred as FIBK stocks were trading at $37.30, near the transaction price.

Investment experts suggest that the stock is currently undervalued, with a P/E ratio of 11.5 and a 5% dividend yield. The company has consistently paid dividends for 17 years, as reported in a Pro Research Report. Following the sale, Mr. Scott's indirect beneficial ownership in the company stands at 817,738 shares, held through various entities such as trusts and companies.

Additionally, Mr. Scott may be part of a group with other stockholders, although he disclaims any beneficial ownership beyond his pecuniary interest. Recent news from First Interstate BancSystem includes stronger-than-expected second-quarter results, with earnings of $0.87 per share on $263.9 million in revenue, surpassing analyst projections.

However, the bank's stock rating was downgraded by Barclays to Underweight, citing a slower-than-expected balance sheet turnaround and reduced loan and deposit balances.