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NASDAQ:FMBI

First Midwest Bancorp Stock Forecast, Price & News

$15.42
+1.04 (+7.23 %)
(As of 11/24/2020 01:16 PM ET)
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Compare
Today's Range
$14.76
Now: $15.42
$15.46
50-Day Range
$11.10
MA: $12.72
$14.77
52-Week Range
$10.31
Now: $15.42
$23.64
Volume28,497 shs
Average Volume659,187 shs
Market Capitalization$1.76 billion
P/E Ratio15.12
Dividend Yield3.92%
Beta1.25
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 and unsecured 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. The company operates 127 locations and 178 automated teller machines in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.
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First Midwest Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FMBI
CUSIP32086710
Phone708-831-7483
Employees2,122

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$861.62 million
Cash Flow$3.05 per share
Book Value$21.29 per share

Profitability

Net Income$199.74 million

Miscellaneous

Market Cap$1.76 billion
Next Earnings Date1/19/2021 (Estimated)
OptionableOptionable
$15.42
+1.04 (+7.23 %)
(As of 11/24/2020 01:16 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

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

First Midwest Bancorp's stock was trading at $14.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FMBI shares have increased by 5.1% and is now trading at $15.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

What stocks does MarketBeat like better than First Midwest Bancorp?

Wall Street analysts have given First Midwest Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Midwest Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is First Midwest Bancorp's next earnings date?

First Midwest Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for First Midwest Bancorp
.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp, Inc. (NASDAQ:FMBI) released its earnings results on Tuesday, October, 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. First Midwest Bancorp had a return on equity of 6.02% and a net margin of 14.29%. During the same period last year, the company earned $0.52 EPS.
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 Monday, November 23rd. Stockholders of record on Friday, December 18th will be given a dividend of $0.14 per share on Tuesday, January 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, December 17th.
View First Midwest Bancorp's dividend history
.

What price target have analysts set for FMBI?

4 brokers have issued 12-month target prices for First Midwest Bancorp's shares. Their forecasts range from $13.00 to $15.00. On average, they expect First Midwest Bancorp's share price to reach $13.88 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for First Midwest Bancorp
.

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

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 The 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).

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 59, Pay $2.07M)
  • Mr. Mark G. Sander, Pres, COO & Director (Age 61, Pay $1.34M)
  • Mr. Patrick S. Barrett, Exec. VP & CFO (Age 56, Pay $963.67k)
  • Mr. Thomas M. Prame, Exec. VP & Director of Consumer Banking - First Midwest Bank (Age 50, Pay $669.47k)
  • Mr. Michael W. Jamieson, Exec. VP & Director of Commercial Banking -First Midwest Bank (Age 62, Pay $816.19k)
  • Ms. Jo Ann Boylan, Exec. VP and Chief Information & Operations Officer (Age 57)
  • Ryan J. Cushing, Sr. VP of Corp. Devel., Strategy & Investor Relations Officer
  • Mr. Nicholas J. Chulos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 60)
  • Maurissa Kanter, Sr. VP & Director of Corp. Communications
  • Mr. R. Douglas Rose, Exec. VP & Chief HR Officer (Age 51)

What is First Midwest Bancorp's stock symbol?

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

Who are First Midwest Bancorp's major shareholders?

First Midwest Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.55%), Fuller & Thaler Asset Management Inc. (7.37%), State Street Corp (3.78%), Pzena Investment Management LLC (1.85%), Principal Financial Group Inc. (1.78%) and Foundry Partners LLC (1.09%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James V Stadler, Kathryn Hayley, Mark G Sander, Michael L Scudder, Michael Small, Phupinder Gill and R Douglas Rose.
View institutional ownership trends for First Midwest Bancorp
.

Which institutional investors are selling First Midwest Bancorp stock?

FMBI stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., Guggenheim Capital LLC, JPMorgan Chase & Co., Truist Financial Corp, First Trust Advisors LP, Wells Fargo & Company MN, and New York State Common Retirement Fund.
View insider buying and selling activity for First Midwest Bancorp
.

Which institutional investors are buying First Midwest Bancorp stock?

FMBI stock was bought by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Arrowstreet Capital Limited Partnership, Pzena Investment Management LLC, Public Sector Pension Investment Board, Squarepoint Ops LLC, Cubist Systematic Strategies LLC, GSA Capital Partners LLP, and Paloma Partners Management Co. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson, Kathryn Hayley, Mark G Sander, Michael Small, Phupinder Gill, and R Douglas Rose.
View insider buying and selling activity for First Midwest Bancorp
.

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 $15.42.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $1.76 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.

What is First Midwest Bancorp's official website?

The official website for First Midwest Bancorp is 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 11/24/2020 by MarketBeat.com Staff

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