NASDAQ:FMBIFirst Midwest Bancorp Stock Price, Forecast & News

$12.56

-0.63 (-4.78 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$12.28

Now: $12.56▼

$13.22

50-Day Range

$11.71

MA: $16.70▼

$21.29

52-Week Range

$11.44

Now: $12.56▼

$23.64

Volume669,225 shs

Average Volume1.10 million shs

Market Capitalization$1.38 billion

P/E Ratio6.90

Dividend Yield4.25%

Beta1.39

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.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
First Midwest Bancorp has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.67, First Midwest Bancorp has a potential upside of 72.5% from its current price of $12.56.
Amount of Analyst Coverage
First Midwest Bancorp has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
First Midwest Bancorp has received 412 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Midwest Bancorp has received 365 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Midwest Bancorp has received 53.02% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
First Midwest Bancorp is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Midwest Bancorp has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of First Midwest Bancorp is 28.28 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Midwest Bancorp will have a dividend payout ratio of 33.14 % next year. This indicates that First Midwest Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Midwest Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.10% of the stock of First Midwest Bancorp is held by insiders.
Percentage Held by Institutions
84.88% of the stock of First Midwest Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for First Midwest Bancorp are expected to grow by 8.33% in the coming year, from $1.56 to $1.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Midwest Bancorp is 6.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Midwest Bancorp is 6.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.31.
Price to Book Value per Share Ratio
First Midwest Bancorp has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.71 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FMBI

Previous Symbol

CUSIP32086710

CIK702325

Webhttp://www.firstmidwest.com/

Phone708-831-7483

Debt

Debt-to-Equity Ratio0.80

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio6.90

Forward P/E Ratio8.05

P/E GrowthN/A

Sales & Book Value

Annual Sales$861.62 million

Price / Sales1.60

Cash Flow$2.26 per share

Price / Cash Flow5.56

Book Value$21.56 per share

Price / Book0.58

Profitability

EPS (Most Recent Fiscal Year)$1.98

Net Income$199.74 million

Net Margins23.08%

Return on Equity9.41%

Return on Assets1.25%

Miscellaneous

Employees2,122

Outstanding Shares109,670,000

Market Cap$1.38 billion

Next Earnings Date4/28/2020 (Estimated)

OptionableOptionable

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First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

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

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 decreased by 14.4% and is now trading at $12.56. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Midwest Bancorp?

5 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Midwest Bancorp.

When is First Midwest Bancorp's next earnings date?

First Midwest Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for First Midwest Bancorp.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp Inc (NASDAQ:FMBI) posted its earnings results on Tuesday, January, 21st. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.01. The financial services provider had revenue of $194.86 million for the quarter, compared to analysts' expectations of $192.33 million. First Midwest Bancorp had a return on equity of 9.41% and a net margin of 23.08%. View First Midwest Bancorp's earnings history.

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 Thursday, February 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.14 per share on Tuesday, April 7th. This represents a $0.56 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Thursday, March 26th. View First Midwest Bancorp's dividend history.

What price target have analysts set for FMBI?

5 brokerages have issued 1 year target prices for First Midwest Bancorp's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate First Midwest Bancorp's stock price to reach $21.67 in the next year. This suggests a possible upside of 72.5% from the stock's current price. View analysts' price targets for First Midwest Bancorp.

Has First Midwest Bancorp been receiving favorable news coverage?

News headlines about FMBI stock have been trending very negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. First Midwest Bancorp earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutFirst Midwest Bancorp.

Are investors shorting First Midwest Bancorp?

First Midwest Bancorp saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 3,010,000 shares, a decrease of 12.5% from the February 27th total of 3,440,000 shares. Based on an average daily trading volume, of 875,500 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.8% of the shares of the stock are short sold. View First Midwest Bancorp's Current Options Chain.

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

Some companies that are related to First Midwest Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and First Financial Bankshares (FFIN).

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 Huntington Bancshares (HBAN), People's United Financial (PBCT), Energy Transfer LP Unit (ET), Cisco Systems (CSCO), Fifth Third Bancorp (FITB), Walgreens Boots Alliance (WBA), Consolidated Edison (ED), Eli Lilly And Co (LLY), Marathon Petroleum (MPC) and Home Bancshares (HOMB).

Who are First Midwest Bancorp's key executives?

First Midwest Bancorp's management team includes the following 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)

What is First Midwest Bancorp's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $12.56.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $1.38 billion and generates $861.62 million in revenue each year. The financial services provider earns $199.74 million in net income (profit) each year or $1.98 on an earnings per share basis. First Midwest Bancorp employs 2,122 workers across the globe. View additional information about First Midwest Bancorp.

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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

NASDAQ:FMBIFirst Midwest Bancorp Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.2 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.7 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment