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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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.7Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.71 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$861.62 million
Cash Flow$2.26 per share
Book Value$21.56 per share

Profitability

Net Income$199.74 million

Miscellaneous

Employees2,122
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?

What other stocks do shareholders of First Midwest Bancorp own?

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

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