First Interstate BancSystem director Scott sells $626,880 in shares

Director and 10% owner of First Interstate BancSystem Inc (NASDAQ: FIBK), Jonathan R. Scott, divested 16,929 shares of the company's common stock on September 11, 2026. The sale occurred at prices ranging from $37.00 to $37.23 per share, amounting to a total value of $626,880. After these transactions, Mr. Scott held 825,809 shares of First Interstate BancSystem common stock.

Currently, the stock price stands at $36.51, with a P/E ratio of 11.25, suggesting the stock is undervalued according to InvestingPro analysis. The significant ownership stake is distributed across various entities, including the Jonathan R. Scott Trust, IXL Limited Liability Company, and several trust names associated with Mr. Scott and his spouse.

The bank offers a dividend yield of 5.15% and has consistently paid dividends for 17 years. First Interstate BancSystem reported strong earnings for the second quarter of 2026, exceeding expectations with earnings of $0.87 per share on $263.9 million in revenue. Net income rose to $83.9 million, driven by a rising net interest margin.

Despite this positive performance, Barclays downgraded the bank from Equalweight to Underweight, citing a slower-than-expected turnaround in its balance sheet and reduced guidance for net interest income. Barclays highlighted a 3% decline in loan balances and a 2% drop in deposits during the quarter. The mixed outlook for the bank reflects a complex situation for First Interstate BancSystem.