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

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$22.75 +0.47 (+2.11 %)
(As of 11/15/2018 12:37 PM ET)
Previous Close$22.28
Today's Range$22.00 - $22.78
52-Week Range$21.25 - $27.70
Volume12,070 shs
Average Volume520,611 shs
Market Capitalization$2.44 billion
P/E Ratio16.64
Dividend Yield1.92%
Beta1.21
First Midwest Bancorp, Inc. operates as a 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 and lines of credit; 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 auto 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 135 locations and 184 automated teller machines in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Itasca, Illinois.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FMBI
Previous Symbol
CUSIP32086710
Phone708-831-7483

Debt

Debt-to-Equity Ratio0.66
Current Ratio0.97
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio16.64
Forward P/E Ratio13.62
P/E Growth1.96

Sales & Book Value

Annual Sales$672.86 million
Price / Sales3.60
Cash Flow$1.7080 per share
Price / Cash13.32
Book Value$18.03 per share
Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$1.35
Net Income$98.38 million
Net Margins17.04%
Return on Equity8.22%
Return on Assets1.06%

Miscellaneous

Employees2,152
Outstanding Shares106,380,000
Market Cap$2.44 billion
OptionableOptionable

First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

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 announced a quarterly dividend on Friday, August 17th. Stockholders of record on Friday, September 28th will be given a dividend of $0.11 per share on Tuesday, October 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 27th. View First Midwest Bancorp's Dividend History.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp Inc (NASDAQ:FMBI) issued its earnings results on Tuesday, October, 23rd. The financial services provider reported $0.46 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.46. The financial services provider had revenue of $167.69 million for the quarter, compared to analyst estimates of $168.87 million. First Midwest Bancorp had a net margin of 17.04% and a return on equity of 8.22%. During the same quarter in the prior year, the company posted $0.37 earnings per share. View First Midwest Bancorp's Earnings History.

When is First Midwest Bancorp's next earnings date?

First Midwest Bancorp is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for First Midwest Bancorp.

What price target have analysts set for FMBI?

7 brokers have issued 1-year price targets for First Midwest Bancorp's stock. Their predictions range from $25.00 to $30.00. On average, they expect First Midwest Bancorp's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View Analyst Price Targets for First Midwest Bancorp.

What is the consensus analysts' recommendation for First Midwest Bancorp?

7 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Midwest Bancorp.

Has First Midwest Bancorp been receiving favorable news coverage?

Headlines about FMBI stock have trended very negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Midwest Bancorp earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

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

Who are First Midwest Bancorp's key executives?

First Midwest Bancorp's management team includes the folowing people:
  • Mr. Michael L. Scudder, Chairman, Pres & CEO (Age 57)
  • Mr. Patrick S. Barrett, Exec. VP, CFO & Principal Accounting Officer (Age 54)
  • Mr. Mark G. Sander, Sr. EVP, COO & Director (Age 59)
  • Mr. Thomas M. Prame, Exec. VP of First Midwest Bank & Director of Retail Banking - First Midwest Bank (Age 48)
  • Mr. Michael W. Jamieson, Exec. VP & Director of Commercial Banking -First Midwest Bank (Age 60)

Who are First Midwest Bancorp's major shareholders?

First Midwest Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.44%), Dimensional Fund Advisors LP (6.36%), Fuller & Thaler Asset Management Inc. (2.77%), Bank of New York Mellon Corp (2.08%), Pzena Investment Management LLC (1.20%) and Schroder Investment Management Group (1.14%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James P Hotchkiss, Mark G Sander, Michael C Spitler, Michael L Scudder, Patrick J Mcdonnell, Robert P Diedrich, Robert P Omeara, Thomas Lynn Brown and Thomas M Prame. 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 JPMorgan Chase & Co., JPMorgan Chase & Co., Banc Funds Co. LLC, Icon Advisers Inc. Co., Fuller & Thaler Asset Management Inc., Alliancebernstein L.P., Thrivent Financial for Lutherans and Laurion Capital Management LP. Company insiders that have sold First Midwest Bancorp company stock in the last year include James P Hotchkiss, Mark G Sander, Michael C Spitler, Michael L Scudder, Robert P Omeara and Thomas M Prame. View Insider Buying and Selling for First Midwest Bancorp.

Which major investors are buying First Midwest Bancorp stock?

FMBI stock was purchased by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, BlackRock Inc., Prudential Financial Inc., Dimensional Fund Advisors LP, Martingale Asset Management L P, Allianz Asset Management GmbH, Bank of New York Mellon Corp and Providence Wealth Advisors LLC. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson and Thomas Lynn Brown. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $22.75.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $2.44 billion and generates $672.86 million in revenue each year. The financial services provider earns $98.38 million in net income (profit) each year or $1.35 on an earnings per share basis. First Midwest Bancorp employs 2,152 workers across the globe.

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]


MarketBeat Community Rating for First Midwest Bancorp (NASDAQ FMBI)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  275 (Vote Underperform)
Total Votes:  532
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.
This page was last updated on 11/15/2018 by MarketBeat.com Staff

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