NASDAQ:FMBI

First Midwest Bancorp Stock Forecast, Price & News

$20.75
+0.04 (+0.19 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$20.72
$20.99
50-Day Range
$20.45
$22.03
52-Week Range
$10.38
$24.28
Volume446,755 shs
Average Volume866,871 shs
Market Capitalization$2.37 billion
P/E Ratio19.58
Dividend Yield2.70%
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
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First Midwest Bancorp logo

About First Midwest Bancorp

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 needs; 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 (ATM), and credit cards; internet and mobile, and telephone banking services; and financial education services. The company operates 115 locations and 184 ATMs in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, eastern Iowa, and other markets in the Midwest. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.

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MarketRank

Overall MarketRank

1.80 out of 5 stars

Finance Sector

251st out of 1,979 stocks

National Commercial Banks Industry

26th out of 167 stocks

Analyst Opinion: 1.0Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

Is First Midwest Bancorp a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" First Midwest Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMBI, but not buy additional shares or sell existing shares.
View analyst ratings for First Midwest Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than First Midwest Bancorp?

Wall Street analysts have given First Midwest Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First Midwest Bancorp wasn't one of them. MarketBeat thinks these five companies 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, July 20th 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 quarterly earnings results on Monday, April, 19th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. The financial services provider earned $186.92 million during the quarter, compared to analysts' expectations of $190.48 million. First Midwest Bancorp had a net margin of 17.11% and a trailing twelve-month return on equity of 6.41%. During the same quarter in the prior year, the business posted $0.22 EPS.
View First Midwest Bancorp's earnings history
.

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FMBI shares have increased by 41.4% and is now trading at $20.75.
View which stocks have been most impacted by COVID-19
.

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, May 20th. Shareholders of record on Friday, June 25th will be given a dividend of $0.14 per share on Tuesday, July 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 24th.
View First Midwest Bancorp's dividend history
.

Is First Midwest Bancorp a good dividend stock?

First Midwest Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.70%. First Midwest Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of First Midwest Bancorp is 47.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Midwest Bancorp will have a dividend payout ratio of 38.10% next year. This indicates that First Midwest Bancorp will be able to sustain or increase its dividend.
View First Midwest Bancorp's dividend history.

What price target have analysts set for FMBI?

4 brokerages have issued 1-year target prices for First Midwest Bancorp's shares. Their forecasts range from $13.50 to $24.00. On average, they expect First Midwest Bancorp's stock price to reach $18.38 in the next year. This suggests that the stock has a possible downside of 11.4%.
View analysts' price targets for First Midwest Bancorp
or view top-rated stocks among Wall Street analysts.

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 60, Pay $1.79M)
  • Mr. Mark G. Sander, Pres, COO & Director (Age 62, Pay $1.22M)
  • Mr. Patrick S. Barrett, Exec. VP & CFO (Age 57, Pay $867.43k)
  • Mr. Thomas M. Prame, Exec. VP & Director of Consumer Banking - First Midwest Bank (Age 51, Pay $669.46k)
  • Mr. Michael W. Jamieson, Exec. VP & Director of Commercial Banking - First Midwest Bank (Age 63, Pay $763.93k)
  • Ms. Jo Ann Boylan, Exec. VP and Chief Information & Operations Officer (Age 58)
  • Ryan J. Cushing, Sr. VP of Corp. Devel., Strategy & Investor Relations Officer
  • Mr. Nicholas J. Chulos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 61)
  • Maurissa Kanter, Sr. VP & Director of Corp. Communications
  • Mr. James M. Roolf, Sr. VP (Age 69)

What is Michael L. Scudder's approval rating as First Midwest Bancorp's CEO?

87 employees have rated First Midwest Bancorp CEO Michael L. Scudder on Glassdoor.com. Michael L. Scudder has an approval rating of 93% among First Midwest Bancorp's employees. This puts Michael L. Scudder in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.76%), Dimensional Fund Advisors LP (6.53%), Pzena Investment Management LLC (3.38%), Principal Financial Group Inc. (2.76%), Principal Financial Group Inc. (2.76%) and Geode Capital Management LLC (1.66%). Company insiders that own First Midwest Bancorp stock include Frank Blaise Modruson, James V Stadler, Kevin P Geoghegan, Mark G Sander, Michael Small, Phupinder Gill and R Douglas Rose.
View institutional ownership trends for First Midwest Bancorp
.

Which major investors are selling First Midwest Bancorp stock?

FMBI stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Millennium Management LLC, Endeavour Capital Advisors Inc., Gillson Capital LP, Morgan Stanley, Prudential Financial Inc., UBS Group AG, and State of New Jersey Common Pension Fund D.
View insider buying and selling activity for First Midwest Bancorp
or view top insider-selling stocks.

Which major investors are buying First Midwest Bancorp stock?

FMBI stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Pzena Investment Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., BlackRock Inc., Richard Bernstein Advisors LLC, JPMorgan Chase & Co., and Geode Capital Management LLC. Company insiders that have bought First Midwest Bancorp stock in the last two years include Frank Blaise Modruson, Kevin P Geoghegan, Mark G Sander, Michael Small, Phupinder Gill, and R Douglas Rose.
View insider buying and selling activity for First Midwest Bancorp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $20.75.

How much money does First Midwest Bancorp make?

First Midwest Bancorp has a market capitalization of $2.37 billion and generates $791.97 million in revenue each year. The financial services provider earns $107.90 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does First Midwest Bancorp have?

First Midwest Bancorp employs 2,074 workers across the globe.

What is First Midwest Bancorp's official website?

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

Where are First Midwest Bancorp's headquarters?

First Midwest Bancorp is headquartered at 8750 WEST BRYN MAWR AVENUE SUITE 1300, CHICAGO IL, 60631.

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 6/13/2021 by MarketBeat.com Staff
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