First Midwest Bancorp Company Profile (NASDAQ:FMBI)

About First Midwest Bancorp (NASDAQ:FMBI)

First Midwest Bancorp logoFirst Midwest Bancorp, Inc. is a bank holding company. The Company's principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers. As of December 31, 2016, the Bank operated primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through 117 banking locations. The Bank offers capital market products to commercial customers as risk management solutions, which include derivatives and interest rate risk products. The Bank provides an array of financing products to developers, investors and other real estate professionals, which include funding for the construction, purchase, refinance or improvement of commercial real estate properties. The Company's loan portfolio consists of both corporate and consumer loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:FMBI
  • CUSIP: 32086710
  • Web:
  • Market Cap: $2.43077 billion
  • Outstanding Shares: 102,737,000
Average Prices:
  • 50 Day Moving Avg: $22.70
  • 200 Day Moving Avg: $22.68
  • 52 Week Range: $18.75 - $25.83
  • Trailing P/E Ratio: 20.33
  • Foreward P/E Ratio: 14.91
  • P/E Growth: 2.60
Sales & Book Value:
  • Annual Revenue: $548.27 million
  • Price / Sales: 4.44
  • Book Value: $17.88 per share
  • Price / Book: 1.33
  • Annual Dividend: $0.40
  • Dividend Yield: 1.7%
  • Net Margins: 17.30%
  • Return on Equity: 7.81%
  • Return on Assets: 0.95%
  • Debt-to-Equity Ratio: 0.45%
  • Current Ratio: 0.95%
  • Quick Ratio: 0.95%
  • Average Volume: 643,283 shs.
  • Beta: 1.16
  • Short Ratio: 2.83

Frequently Asked Questions for First Midwest Bancorp (NASDAQ:FMBI)

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 declared a quarterly dividend on Friday, August 18th. Investors of record on Friday, September 29th will be paid a dividend of $0.10 per share on Tuesday, October 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 28th. View First Midwest Bancorp's Dividend History.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp, Inc. (NASDAQ:FMBI) announced its earnings results on Tuesday, July, 25th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm earned $162.53 million during the quarter, compared to analyst estimates of $164.02 million. First Midwest Bancorp had a net margin of 17.30% and a return on equity of 7.81%. During the same period in the prior year, the company posted $0.32 EPS. View First Midwest Bancorp's Earnings History.

When will First Midwest Bancorp make its next earnings announcement?

First Midwest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for First Midwest Bancorp.

Where is First Midwest Bancorp's stock going? Where will First Midwest Bancorp's stock price be in 2017?

5 brokers have issued twelve-month price objectives for First Midwest Bancorp's stock. Their forecasts range from $25.00 to $28.00. On average, they expect First Midwest Bancorp's stock price to reach $26.20 in the next year. View Analyst Ratings for First Midwest Bancorp.

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

Who are First Midwest Bancorp's key executives?

First Midwest Bancorp's management team includes the folowing people:

  • Robert P. O'Meara, Lead Independent Chairman of the Board
  • Michael L. Scudder CPA, President, Chief Executive Officer of the Company and Chairman of the Board, Chief Executive Officer of the Bank
  • Patrick S. Barrett, Chief Financial Officer, Executive Vice President
  • Mark G. Sander, Chief Operating Officer, Senior Executive Vice, Director of the Company and President, Chief Operating Officer, director of the Bank
  • Michelle Y. Hoskins, Chief Human Resource Officer, Executive Vice President
  • Jo Ann Boylan, Executive Vice President and Chief Information and Operations Officer
  • Nicholas J. Chulos, Executive Vice President, General Counsel, Corporate Secretary
  • James P. Hotchkiss, Executive Vice President, Treasurer of the Company and Bank
  • Thomas M. Prame, Executive Vice President and Director of Strategic Planning and Consumer Banking
  • Angela L. Putnam, Senior Vice President of the Company and Bank and Chief Accounting Officer of the Bank

How do I buy First Midwest Bancorp stock?

Shares of First Midwest Bancorp can be purchased through any online brokerage account. Popular online brokerages 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 First Midwest Bancorp stock can currently be purchased for approximately $23.70.

MarketBeat Community Rating for First Midwest Bancorp (NASDAQ FMBI)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  154 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  350
MarketBeat's community ratings are surveys of what our community members think about First Midwest Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Midwest Bancorp (NASDAQ:FMBI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $26.20 (10.55% upside)
Consensus Price Target History for First Midwest Bancorp (NASDAQ:FMBI)
Price Target History for First Midwest Bancorp (NASDAQ:FMBI)
Analysts' Ratings History for First Midwest Bancorp (NASDAQ:FMBI)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/4/2017Piper Jaffray CompaniesReiterated RatingBuy$26.00MediumView Rating Details
8/11/2017Jefferies Group LLCReiterated RatingBuy$27.00MediumView Rating Details
7/27/2017FIG PartnersDowngradeOutperform -> Market Perform$26.00 -> $25.00LowView Rating Details
4/12/2017Keefe, Bruyette & WoodsReiterated RatingHold$25.00LowView Rating Details
12/20/2016SunTrust Banks, Inc.Initiated CoverageBuy$28.00N/AView Rating Details
6/30/2016MacquarieUpgradeNeutral -> OutperformN/AView Rating Details
6/12/2016Sterne Agee CRTInitiated CoverageHoldN/AView Rating Details
4/21/2016Sandler O'NeillDowngradeBuy -> Hold$20.00N/AView Rating Details
4/7/2016DA DavidsonInitiated CoverageNeutral$19.00N/AView Rating Details
3/28/2016Robert W. BairdBoost Price TargetNeutral$17.00 -> $18.00N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for First Midwest Bancorp (NASDAQ:FMBI)
Earnings by Quarter for First Midwest Bancorp (NASDAQ:FMBI)
Earnings History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017$0.36N/AView Earnings Details
7/25/2017Q2 2017$0.36$0.35$164.02 million$162.53 millionViewN/AView Earnings Details
4/25/2017Q1 2017$0.34$0.34$162.00 million$155.15 millionViewN/AView Earnings Details
1/24/2017Q416$0.32$0.32$132.85 million$127.74 millionViewN/AView Earnings Details
10/18/2016Q3$0.32$0.32$130.97 million$136.83 millionViewN/AView Earnings Details
7/19/2016Q216$0.30$0.31$123.86 million$127.80 millionViewN/AView Earnings Details
4/19/2016Q116$0.28$0.27$117.84 million$116.64 millionViewN/AView Earnings Details
1/26/2016Q415$0.30$0.29$114.84 million$114.49 millionViewListenView Earnings Details
10/20/2015Q3$0.31$0.30$115.72 million$112.92 millionViewListenView Earnings Details
7/21/2015Q215$0.29$0.29$112.37 million$112.89 millionViewListenView Earnings Details
4/21/2015Q1$0.27$0.26$111.22 million$111.00 millionViewN/AView Earnings Details
10/21/2014Q314$0.26$0.25$101.22 million$108.14 millionViewN/AView Earnings Details
7/22/2014Q214$0.25$0.25$96.80 million$97.50 millionViewN/AView Earnings Details
4/22/2014Q114$0.25$0.24$95.38 million$90.95 millionViewN/AView Earnings Details
1/22/2014Q413$0.26$0.26$98.71 millionViewN/AView Earnings Details
10/23/2013Q313$0.24$0.39$96.44 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.22$0.22$95.17 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.21$0.20$90.99 millionViewN/AView Earnings Details
1/23/2013Q4 2012$0.19$0.18$96.14 millionViewN/AView Earnings Details
10/31/2012Q312$0.12($0.65)$95.92 millionViewN/AView Earnings Details
7/25/2012$0.11$0.09ViewN/AView Earnings Details
4/25/2012$0.13$0.11ViewN/AView Earnings Details
1/25/2012$0.10$0.05ViewN/AView Earnings Details
10/26/2011$0.12$0.09ViewN/AView Earnings Details
7/27/2011$0.09$0.11ViewN/AView Earnings Details
4/27/2011($0.01)$0.10ViewN/AView Earnings Details
1/26/2011($0.03)($0.41)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for First Midwest Bancorp (NASDAQ:FMBI)
2017 EPS Consensus Estimate: $1.41
2018 EPS Consensus Estimate: $1.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.31$0.35$0.34
Q2 20174$0.34$0.36$0.35
Q3 20174$0.35$0.39$0.36
Q4 20174$0.35$0.38$0.36
Q1 20182$0.35$0.35$0.35
Q2 20182$0.38$0.38$0.38
Q3 20182$0.41$0.41$0.41
Q4 20182$0.40$0.43$0.42
(Data provided by Zacks Investment Research)


Current Dividend Information for First Midwest Bancorp (NASDAQ:FMBI)
Most Recent Dividend:10/10/2017
Annual Dividend:$0.40
Dividend Yield:1.69%
Payout Ratio:34.19% (Trailing 12 Months of Earnings)
27.97% (Based on This Year's Estimates)
25.16% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

Dividend History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Midwest Bancorp (NASDAQ:FMBI)
Insider Ownership Percentage: 1.69%
Institutional Ownership Percentage: 80.94%
Insider Trades by Quarter for First Midwest Bancorp (NASDAQ:FMBI)
Institutional Ownership by Quarter for First Midwest Bancorp (NASDAQ:FMBI)
Insider Trades by Quarter for First Midwest Bancorp (NASDAQ:FMBI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/15/2017Patrick J McdonnellDirectorSell3,500$21.85$76,475.00View SEC Filing  
6/13/2017Thomas Lynn BrownDirectorBuy3,000$24.06$72,180.00View SEC Filing  
3/7/2017Arsdell Stephen C VanDirectorBuy14,000$24.39$341,460.00View SEC Filing  
2/8/2017Robert P. DiedrichEVPSell7,673$23.70$181,850.10View SEC Filing  
12/8/2016Robert P OmearaDirectorSell3,383$24.52$82,951.16View SEC Filing  
11/30/2016Robert P OmearaDirectorSell100,000$24.19$2,419,000.00View SEC Filing  
11/29/2016Robert P OmearaDirectorSell44,800$24.14$1,081,472.00View SEC Filing  
11/28/2016Robert P OmearaDirectorSell20,200$24.08$486,416.00View SEC Filing  
10/27/2016Kathryn HayleyDirectorBuy16,000$19.40$310,400.00View SEC Filing  
8/22/2016Robert P. DiedrichEVPSell1,200$19.17$23,004.00View SEC Filing  
10/22/2015Thomas M PrameEVPSell2,225$17.52$38,982.00View SEC Filing  
9/15/2015Thomas M PrameEVPSell6,800$17.60$119,680.00View SEC Filing  
9/9/2015Thomas M PrameDirectorBuy9,025$17.64$159,201.00View SEC Filing  
12/15/2014Robert P DiedrichDirectorSell1,500$16.50$24,750.00View SEC Filing  
5/7/2014Kimberly McgarryCAOSell3,399$16.20$55,063.80View SEC Filing  
7/31/2013Robert P DiedrichDirectorBuy2,000$15.36$30,720.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for First Midwest Bancorp (NASDAQ:FMBI)
Latest Headlines for First Midwest Bancorp (NASDAQ:FMBI)
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First Midwest Bancorp (FMBI) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by Staff

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