About First Midwest Bancorp (NASDAQ:FMBI)
First 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: www.firstmidwest.com
- Market Cap: $2.43077 billion
- Outstanding Shares: 102,737,000
- 50 Day Moving Avg: $22.70
- 200 Day Moving Avg: $22.68
- 52 Week Range: $18.75 - $25.83
Sales & Book Value:
- Trailing P/E Ratio: 20.33
- Foreward P/E Ratio: 14.91
- P/E Growth: 2.60
- 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?
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?
Some companies that are related to First Midwest Bancorp include First Citizens BancShares (FCNCA), Wintrust Financial Corporation (WTFC), Umpqua Holdings Corporation (UMPQ), First Horizon National Corporation (FHN), TFS Financial Corporation (TFSL), United Bankshares (UBSI), BBVA Banco Frances S.A. (BFR), Popular (BPOP), Ita? CorpBanca (ITCB), Valley National Bancorp (VLY), Washington Federal (WAFD), TCF Financial Corporation (TCF), TCF Financial (TCF), Metro Bank PLC (MTRO), BancorpSouth (BXS), Glacier Bancorp (GBCI), Community Bank System (CBU) and Cybg Plc (CYBG).
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?
MarketBeat Community Rating for First Midwest Bancorp (NASDAQ FMBI)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.
One share of First Midwest Bancorp stock can currently be purchased for approximately $23.70.
Consensus Ratings for First Midwest Bancorp (NASDAQ:FMBI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for First Midwest Bancorp (NASDAQ:FMBI)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/4/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$26.00||Medium|
|8/11/2017||Jefferies Group LLC||Reiterated Rating||Buy||$27.00||Medium|
|7/27/2017||FIG Partners||Downgrade||Outperform -> Market Perform||$26.00 -> $25.00||Low|
|4/12/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$25.00||Low|
|12/20/2016||SunTrust Banks, Inc.||Initiated Coverage||Buy||$28.00||N/A|
|6/30/2016||Macquarie||Upgrade||Neutral -> Outperform||N/A|
|6/12/2016||Sterne Agee CRT||Initiated Coverage||Hold||N/A|
|4/21/2016||Sandler O'Neill||Downgrade||Buy -> Hold||$20.00||N/A|
|4/7/2016||DA Davidson||Initiated Coverage||Neutral||$19.00||N/A|
|3/28/2016||Robert W. Baird||Boost Price Target||Neutral||$17.00 -> $18.00||N/A|
Earnings History for First Midwest Bancorp (NASDAQ:FMBI)Earnings History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.36||$0.35||$164.02 million||$162.53 million||View||N/A|
|4/25/2017||Q1 2017||$0.34||$0.34||$162.00 million||$155.15 million||View||N/A|
|1/24/2017||Q416||$0.32||$0.32||$132.85 million||$127.74 million||View||N/A|
|10/18/2016||Q3||$0.32||$0.32||$130.97 million||$136.83 million||View||N/A|
|7/19/2016||Q216||$0.30||$0.31||$123.86 million||$127.80 million||View||N/A|
|4/19/2016||Q116||$0.28||$0.27||$117.84 million||$116.64 million||View||N/A|
|1/26/2016||Q415||$0.30||$0.29||$114.84 million||$114.49 million||View||Listen|
|10/20/2015||Q3||$0.31||$0.30||$115.72 million||$112.92 million||View||Listen|
|7/21/2015||Q215||$0.29||$0.29||$112.37 million||$112.89 million||View||Listen|
|4/21/2015||Q1||$0.27||$0.26||$111.22 million||$111.00 million||View||N/A|
|10/21/2014||Q314||$0.26||$0.25||$101.22 million||$108.14 million||View||N/A|
|7/22/2014||Q214||$0.25||$0.25||$96.80 million||$97.50 million||View||N/A|
|4/22/2014||Q114||$0.25||$0.24||$95.38 million||$90.95 million||View||N/A|
|7/24/2013||Q2 2013||$0.22||$0.22||$95.17 million||View||N/A|
|4/24/2013||Q1 2013||$0.21||$0.20||$90.99 million||View||N/A|
|1/23/2013||Q4 2012||$0.19||$0.18||$96.14 million||View||N/A|
Earnings Estimates for First Midwest Bancorp (NASDAQ:FMBI)
2017 EPS Consensus Estimate: $1.41
2018 EPS Consensus Estimate: $1.56
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Midwest Bancorp (NASDAQ:FMBI)
|Most Recent Dividend:||10/10/2017|
|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 History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for First Midwest Bancorp (NASDAQ:FMBI)
Insider Ownership Percentage: 1.69%Insider Trades by Quarter for First Midwest Bancorp (NASDAQ:FMBI)
Institutional Ownership Percentage: 80.94%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/15/2017||Patrick J Mcdonnell||Director||Sell||3,500||$21.85||$76,475.00|| |
|6/13/2017||Thomas Lynn Brown||Director||Buy||3,000||$24.06||$72,180.00|| |
|3/7/2017||Arsdell Stephen C Van||Director||Buy||14,000||$24.39||$341,460.00|| |
|2/8/2017||Robert P. Diedrich||EVP||Sell||7,673||$23.70||$181,850.10|| |
|12/8/2016||Robert P Omeara||Director||Sell||3,383||$24.52||$82,951.16|| |
|11/30/2016||Robert P Omeara||Director||Sell||100,000||$24.19||$2,419,000.00|| |
|11/29/2016||Robert P Omeara||Director||Sell||44,800||$24.14||$1,081,472.00|| |
|11/28/2016||Robert P Omeara||Director||Sell||20,200||$24.08||$486,416.00|| |
|10/27/2016||Kathryn Hayley||Director||Buy||16,000||$19.40||$310,400.00|| |
|8/22/2016||Robert P. Diedrich||EVP||Sell||1,200||$19.17||$23,004.00|| |
|10/22/2015||Thomas M Prame||EVP||Sell||2,225||$17.52||$38,982.00|| |
|9/15/2015||Thomas M Prame||EVP||Sell||6,800||$17.60||$119,680.00|| |
|9/9/2015||Thomas M Prame||Director||Buy||9,025||$17.64||$159,201.00|| |
|12/15/2014||Robert P Diedrich||Director||Sell||1,500||$16.50||$24,750.00|| |
|5/7/2014||Kimberly Mcgarry||CAO||Sell||3,399||$16.20||$55,063.80|| |
|7/31/2013||Robert P Diedrich||Director||Buy||2,000||$15.36||$30,720.00|| |
Headline Trends for First Midwest Bancorp (NASDAQ:FMBI)
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First Midwest Bancorp (FMBI) Chart for Saturday, October, 21, 2017