First Midwest Bancorp (FMBI) Stock Forecast, Price & News

First Midwest Bancorp, Inc. (NASDAQ:FMBI) posted its quarterly earnings data on Monday, October, 18th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The financial services provider had revenue of $190.38 million for the quarter, compared to analysts' expectations of $189.86 million. First Midwest Bancorp had a net margin of 25.27% and a trailing twelve-month return on equity of 8.19%. During the same period in the prior year, the business earned $0.33 earnings per share.

First Midwest Bancorp (NASDAQ:FMBI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FMBI.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other First Midwest Bancorp investors own include 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).

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

One share of FMBI stock can currently be purchased for approximately $21.51.

First Midwest Bancorp (NASDAQ:FMBI) has a market capitalization of $2.46 billion and generates $789.56 million in revenue each year. The financial services provider earns $199.56 million in net income (profit) each year or $1.60 on an earnings per share basis.

The company employs 2,074 workers across the globe.

First Midwest Bancorp's mailing address is 8750 WEST BRYN MAWR AVENUE SUITE 1300, CHICAGO IL, 60631. The official website for the company is www.firstmidwest.com. The financial services provider can be reached via phone at (708) 831-7483, via email at investor.relations@firstmidwest.com, or via fax at 630-875-7474.