NASDAQ:FMBI - First Midwest Bancorp Stock Price, Forecast & News

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

First Midwest Bancorp declared a quarterly dividend on Thursday, November 21st. Shareholders of record on Friday, December 20th will be given a dividend of $0.14 per share on Tuesday, January 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, December 19th. View First Midwest Bancorp's Dividend History.

First Midwest Bancorp Inc (NASDAQ:FMBI) released its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The financial services provider had revenue of $194.86 million for the quarter, compared to analyst estimates of $192.33 million. First Midwest Bancorp had a net margin of 23.08% and a return on equity of 9.41%. View First Midwest Bancorp's Earnings History.

First Midwest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for First Midwest Bancorp.

4 brokerages have issued 12-month price targets for First Midwest Bancorp's shares. Their forecasts range from $22.00 to $23.00. On average, they expect First Midwest Bancorp's share price to reach $22.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for First Midwest Bancorp.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Midwest Bancorp.

Headlines about FMBI stock have been trending very negative recently, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Midwest Bancorp earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for First Midwest Bancorp.

First Midwest Bancorp saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,760,000 shares, an increase of 12.2% from the December 31st total of 3,350,000 shares. Based on an average trading volume of 505,200 shares, the days-to-cover ratio is currently 7.4 days. Approximately 3.5% of the company's shares are short sold. View First Midwest Bancorp's Current Options Chain.

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

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).

First Midwest Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (3.67%), Goldman Sachs Group Inc. (2.37%), Pzena Investment Management LLC (1.68%), Endeavour Capital Advisors Inc. (1.45%), Bank of New York Mellon Corp (1.41%) and Principal Financial Group Inc. (1.25%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James P Hotchkiss, James V Stadler, Kathryn Hayley, Mark G Sander, Michael C Spitler, Michael L Scudder, Robert P Omeara and Thomas M Prame. View Institutional Ownership Trends for First Midwest Bancorp.

FMBI stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Prudential Financial Inc., Martingale Asset Management L P, Stifel Financial Corp, Banc Funds Co. LLC, State of New Jersey Common Pension Fund D, Arizona State Retirement System and Cubist Systematic Strategies LLC. Company insiders that have sold First Midwest Bancorp company stock in the last year include James V Stadler and Michael L Scudder. View Insider Buying and Selling for First Midwest Bancorp.

FMBI stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Pzena Investment Management LLC, LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Great West Life Assurance Co. Can and Foundry Partners LLC. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson and Kathryn Hayley. View Insider Buying and Selling for 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.

One share of FMBI stock can currently be purchased for approximately $21.02.

First Midwest Bancorp has a market capitalization of $2.31 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 2,046 workers across the globe.View Additional Information About First Midwest Bancorp.

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

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]