NASDAQ:FMBI - First Midwest Bancorp Stock Price, News, & Analysis

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$19.86 -0.86 (-4.15 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$20.72
Today's Range$19.80 - $20.59
52-Week Range$18.10 - $27.70
Volume823,288 shs
Average Volume555,812 shs
Market Capitalization$2.12 billion
P/E Ratio11.89
Dividend Yield2.32%
Beta1.27
First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital loans; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties. In addition, the company offers treasury management products and services comprising automated clearing house collection, lockbox, remote deposit capture, and financial electronic data interchange; wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay services; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides fiduciary and executor, financial planning, investment advisory, employee benefit plan, and private banking services to corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. Additionally, the company offers debit and automated teller machine, and credit cards; Internet and mobile, and telephone banking services; and financial education services. It serves commercial and industrial, commercial real estate, municipal, and consumer customers. The company operates 120 locations and 177 automated teller machines in greater Chicago metropolitan area, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FMBI
CUSIP32086710
Phone708-831-7483

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$727.08 million
Cash Flow$1.8843 per share
Book Value$19.32 per share

Profitability

Net Income$157.87 million

Miscellaneous

Employees2,046
Market Cap$2.12 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

What is First Midwest Bancorp's stock symbol?

First Midwest Bancorp trades on the NASDAQ under the ticker symbol "FMBI."

How often does First Midwest Bancorp pay dividends? What is the dividend yield for First Midwest Bancorp?

First Midwest Bancorp announced a quarterly dividend on Friday, February 22nd. Investors of record on Friday, March 22nd will be paid a dividend of $0.12 per share on Tuesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, March 21st. View First Midwest Bancorp's Dividend History.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp Inc (NASDAQ:FMBI) issued its earnings results on Tuesday, January, 22nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.01. The financial services provider had revenue of $175.09 million for the quarter, compared to the consensus estimate of $173.47 million. First Midwest Bancorp had a net margin of 21.67% and a return on equity of 8.88%. During the same period in the previous year, the business posted $0.34 earnings per share. View First Midwest Bancorp's Earnings History.

When is First Midwest Bancorp's next earnings date?

First Midwest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for First Midwest Bancorp.

What price target have analysts set for FMBI?

6 analysts have issued 12-month price objectives for First Midwest Bancorp's stock. Their predictions range from $24.00 to $30.00. On average, they anticipate First Midwest Bancorp's stock price to reach $26.70 in the next year. This suggests a possible upside of 34.4% from the stock's current price. View Analyst Price Targets for First Midwest Bancorp.

What is the consensus analysts' recommendation for First Midwest Bancorp?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Midwest Bancorp.

Has First Midwest Bancorp been receiving favorable news coverage?

News headlines about FMBI stock have been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Midwest Bancorp earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next several days.

Who are some of First Midwest Bancorp's key competitors?

What other stocks do shareholders of First Midwest Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Midwest Bancorp investors own include Eli Lilly And Co (LLY), PrivateBancorp (PVTB), Qorvo (QRVO), Fifth Third Bancorp (FITB), Celgene (CELG), Lennar (LEN), Progressive (PGR), Abbott Laboratories (ABT), W. R. Berkley (WRB) and Energy Transfer LP Unit (ET).

Who are First Midwest Bancorp's key executives?

First Midwest Bancorp's management team includes the folowing people:
  • Mr. Michael L. Scudder, Chairman & CEO (Age 58)
  • Mr. Mark G. Sander, Pres, COO & Director (Age 60)
  • Mr. Patrick S. Barrett, Exec. VP & CFO (Age 55)
  • Mr. Thomas M. Prame, Exec. VP & Director of Strategic Planning and Consumer Banking - First Midwest Bank (Age 49)
  • Mr. Michael W. Jamieson, Exec. VP & Director of Commercial Banking -First Midwest Bank (Age 61)

Who are First Midwest Bancorp's major shareholders?

First Midwest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.77%), Dimensional Fund Advisors LP (6.56%), Macquarie Group Ltd. (2.58%), Northern Trust Corp (1.93%), Bank of New York Mellon Corp (1.74%) and Pzena Investment Management LLC (1.38%). Company insiders that own First Midwest Bancorp stock include Frank Blaise Modruson, James P Hotchkiss, Kathryn Hayley, Mark G Sander, Michael C Spitler, Michael L Scudder, Patrick J Mcdonnell, Robert P Omeara, Thomas Lynn Brown and Thomas M Prame. View Institutional Ownership Trends for First Midwest Bancorp.

Which major investors are selling First Midwest Bancorp stock?

FMBI stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, BlackRock Inc., Barclays PLC, Skyline Asset Management LP, First Trust Advisors LP, Banc Funds Co. LLC, MetLife Investment Advisors LLC and Chartwell Investment Partners LLC. Company insiders that have sold First Midwest Bancorp company stock in the last year include James P Hotchkiss, Michael C Spitler, Michael L Scudder and Thomas M Prame. View Insider Buying and Selling for First Midwest Bancorp.

Which major investors are buying First Midwest Bancorp stock?

FMBI stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Millennium Management LLC, JCSD Capital LLC, Pzena Investment Management LLC, Basswood Capital Management L.L.C., Dimensional Fund Advisors LP and D. E. Shaw & Co. Inc.. Company insiders that have bought First Midwest Bancorp stock in the last two years include Frank Blaise Modruson, Kathryn Hayley and Thomas Lynn Brown. View Insider Buying and Selling for First Midwest Bancorp.

How do I buy shares of First Midwest Bancorp?

Shares of FMBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $19.86.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $2.12 billion and generates $727.08 million in revenue each year. The financial services provider earns $157.87 million in net income (profit) each year or $1.67 on an earnings per share basis. First Midwest Bancorp employs 2,046 workers across the globe.

What is First Midwest Bancorp's official website?

The official website for First Midwest Bancorp is http://www.firstmidwest.com.

How can I contact First Midwest Bancorp?

First Midwest Bancorp's mailing address is 8750 WEST BRYN MAWR AVENUE SUITE 1300, CHICAGO IL, 60631. The financial services provider can be reached via phone at 708-831-7483 or via email at [email protected]


MarketBeat Community Rating for First Midwest Bancorp (NASDAQ FMBI)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  290 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  577
MarketBeat's community ratings are surveys of what our community members think about First Midwest Bancorp and other stocks. Vote "Outperform" if you believe FMBI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FMBI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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