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NASDAQ:FMBI

First Midwest Bancorp Stock Forecast, Price & News

$18.49
+0.15 (+0.82 %)
(As of 09/24/2021 12:00 AM ET)
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Compare
Today's Range
$18.33
$18.64
50-Day Range
$17.53
$18.88
52-Week Range
$10.38
$24.28
Volume393,342 shs
Average Volume736,672 shs
Market Capitalization$2.11 billion
P/E Ratio14.11
Dividend Yield3.05%
Beta1.25
30 days | 90 days | 365 days | Advanced Chart
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First Midwest Bancorp logo

About First Midwest Bancorp

First Midwest Bancorp, Inc. is a bank holding company, which engages in the provision of commercial and retail banking services. It offers a full range of commercial, retail, treasury management, and wealth management products and services to commercial and industrial, agricultural, commercial real estate, municipal, and consumer customers. The company was founded in 1982 and is headquartered in Chicago, IL.

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MarketRank

Overall MarketRank

2.54 out of 5 stars

Finance Sector

209th out of 1,331 stocks

National Commercial Banks Industry

18th out of 109 stocks

Analyst Opinion: 2.1Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

Is First Midwest Bancorp a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" First Midwest Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMBI, but not buy additional shares or sell existing shares.
View analyst ratings for First Midwest Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than First Midwest Bancorp?

Wall Street analysts have given First Midwest Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First Midwest Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is First Midwest Bancorp's next earnings date?

First Midwest Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for First Midwest Bancorp
.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp, Inc. (NASDAQ:FMBI) issued its earnings results on Monday, July, 19th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.04. The financial services provider earned $190.56 million during the quarter, compared to analyst estimates of $189.05 million. First Midwest Bancorp had a trailing twelve-month return on equity of 7.77% and a net margin of 21.08%. During the same quarter last year, the business earned $0.19 earnings per share.
View First Midwest Bancorp's earnings history
.

How has First Midwest Bancorp's stock been impacted by COVID-19?

First Midwest Bancorp's stock was trading at $14.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FMBI stock has increased by 26.0% and is now trading at $18.49.
View which stocks have been most impacted by COVID-19
.

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, August 27th. Investors of record on Friday, September 24th will be given a dividend of $0.14 per share on Tuesday, October 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, September 23rd.
View First Midwest Bancorp's dividend history
.

Is First Midwest Bancorp a good dividend stock?

First Midwest Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.05%. First Midwest Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of First Midwest Bancorp is 47.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Midwest Bancorp will have a dividend payout ratio of 37.58% next year. This indicates that First Midwest Bancorp will be able to sustain or increase its dividend.
View First Midwest Bancorp's dividend history.

What price target have analysts set for FMBI?

4 analysts have issued 12 month price objectives for First Midwest Bancorp's stock. Their forecasts range from $22.00 to $24.00. On average, they expect First Midwest Bancorp's share price to reach $22.89 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price.
View analysts' price targets for First Midwest Bancorp
or view top-rated stocks among Wall Street analysts.

Who are First Midwest Bancorp's key executives?

First Midwest Bancorp's management team includes the following people:
  • Michael L. Scudder, Chairman & Chief Executive Officer
  • Mark G. Sander, President, Chief Operating Officer & Director
  • Jo Ann Boylan, Chief Information & Operations Officer, EVP
  • Patrick Sean Barrett, Chief Financial Officer & Executive Vice President
  • James P. Hotchkiss, Treasurer & Executive Vice President

What is Michael L. Scudder's approval rating as First Midwest Bancorp's CEO?

87 employees have rated First Midwest Bancorp CEO Michael L. Scudder on Glassdoor.com. Michael L. Scudder has an approval rating of 93% among First Midwest Bancorp's employees. This puts Michael L. Scudder in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 The Boeing (BA), Mastercard (MA), AXIS Capital (AXS), Eli Lilly and (LLY), Main Street Capital (MAIN), QUALCOMM (QCOM), General Motors (GM), NVIDIA (NVDA), People's United Financial (PBCT) and Tapestry (TPR).

What is First Midwest Bancorp's stock symbol?

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

Who are First Midwest Bancorp's major shareholders?

First Midwest Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.76%), Vanguard Group Inc. (11.14%), Fuller & Thaler Asset Management Inc. (8.85%), Dimensional Fund Advisors LP (6.57%), State Street Corp (5.75%) and Pzena Investment Management LLC (3.12%). Company insiders that own First Midwest Bancorp stock include Frank Blaise Modruson, Kevin P Geoghegan, Mark G Sander, Michael Small, Phupinder Gill and R Douglas Rose.
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 Principal Financial Group Inc., Macquarie Group Ltd., Goldman Sachs Group Inc., Deutsche Bank AG, Pzena Investment Management LLC, Victory Capital Management Inc., Thrivent Financial for Lutherans, and Thrivent Financial for Lutherans.
View insider buying and selling activity for First Midwest Bancorp
or view top insider-selling stocks.

Which major investors are buying First Midwest Bancorp stock?

FMBI stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., JPMorgan Chase & Co., State Street Corp, CNH Partners LLC, Citigroup Inc., Healthcare of Ontario Pension Plan Trust Fund, Balyasny Asset Management LLC, and Tudor Investment Corp Et Al. Company insiders that have bought First Midwest Bancorp stock in the last two years include Frank Blaise Modruson, Kevin P Geoghegan, Mark G Sander, Michael Small, Phupinder Gill, and R Douglas Rose.
View insider buying and selling activity for First Midwest Bancorp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $18.49.

How much money does First Midwest Bancorp make?

First Midwest Bancorp has a market capitalization of $2.11 billion and generates $791.97 million in revenue each year. The financial services provider earns $107.90 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does First Midwest Bancorp have?

First Midwest Bancorp employs 2,074 workers across the globe.

When was First Midwest Bancorp founded?

First Midwest Bancorp was founded in 1982.

What is First Midwest Bancorp's official website?

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

Where are First Midwest Bancorp's headquarters?

First Midwest Bancorp is headquartered at 8750 WEST BRYN MAWR AVENUE SUITE 1300, CHICAGO IL, 60631.

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].


This page was last updated on 9/24/2021 by MarketBeat.com Staff

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