NASDAQ:FMBI

First Midwest Bancorp Stock Forecast, Price & News

$18.46

+0.07 (+0.38 %)

(As of 01/15/2021 08:00 PM ET)

Add

Compare

Today's Range

$17.91

Now: $18.46▼

$18.60

50-Day Range

$13.99

MA: $15.80▼

$18.39

52-Week Range

$10.31

Now: $18.46▼

$22.53

Volume63,638 shs

Average Volume1.05 million shs

Market Capitalization$2.11 billion

P/E Ratio18.10

Dividend Yield3.03%

Beta1.27

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.

MarketRank^™

Overall MarketRank^™

2.15 out of 5 stars

Finance Sector

148th out of 301 stocks

National Commercial Banks Industry

24th out of 40 stocks

1.3 Analyst's Opinion

Consensus Rating
First Midwest Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.88, First Midwest Bancorp has a forecasted downside of 24.8% from its current price of $18.46.
Amount of Analyst Coverage
First Midwest Bancorp has only been the subject of 2 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
First Midwest Bancorp has received 418 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Midwest Bancorp has received 384 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Midwest Bancorp has received 52.12% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
First Midwest Bancorp pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Midwest Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First Midwest Bancorp is 28.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Midwest Bancorp will have a dividend payout ratio of 56.00% next year. This indicates that First Midwest Bancorp will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Midwest Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $25,003.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.10% of the stock of First Midwest Bancorp is held by insiders.
Percentage Held by Institutions
79.29% of the stock of First Midwest Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First Midwest Bancorp are expected to decrease by -1.96% in the coming year, from $1.02 to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Midwest Bancorp is 18.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Midwest Bancorp is 18.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.51.
Price to Book Value per Share Ratio
First Midwest Bancorp has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FMBI

Previous Symbol

CUSIP32086710

CIK702325

Webwww.firstmidwest.com

Phone708-831-7483

Employees2,122

Debt

Debt-to-Equity Ratio0.90

Current Ratio1.00

Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio18.10

Forward P/E Ratio18.10

P/E GrowthN/A

Sales & Book Value

Annual Sales$861.62 million

Price / Sales2.45

Cash Flow$2.45 per share

Price / Cash Flow7.52

Book Value$21.56 per share

Price / Book0.86

Profitability

EPS (Most Recent Fiscal Year)$1.98

Net Income$199.74 million

Net Margins14.29%

Return on Equity6.02%

Return on Assets0.73%

Miscellaneous

Outstanding Shares114,302,000

Market Cap$2.11 billion

Next Earnings Date1/26/2021 (Confirmed)

OptionableOptionable

$18.46

+0.07 (+0.38 %)

(As of 01/15/2021 08:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive FMBI News and Ratings via Email

Sign-up to receive the latest news and ratings for FMBI and its competitors with MarketBeat's FREE daily newsletter.

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 25.8% and is now trading at $18.46.
View which stocks have been most impacted by COVID-19.

Is First Midwest Bancorp a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" First Midwest Bancorp stock.
View analyst ratings for First Midwest Bancorp or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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 26th 2021.
View our earnings forecast for First Midwest Bancorp.

How can I listen to First Midwest Bancorp's earnings call?

First Midwest Bancorp will be holding an earnings conference call on Tuesday, January 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp, Inc. (NASDAQ:FMBI) issued its earnings results on Tuesday, October, 20th. The financial services provider reported $0.33 EPS for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.11. The financial services provider earned $183.31 million during the quarter, compared to analyst estimates of $177.72 million. 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 business posted $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 announced a quarterly dividend on Monday, November 23rd. Shareholders 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 yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 17th.
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 3.03%. First Midwest Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of First Midwest Bancorp is 28.28%. 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 56.00% 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 brokers have issued 1-year target prices for First Midwest Bancorp's shares. Their forecasts range from $13.00 to $15.00. On average, they anticipate First Midwest Bancorp's share price to reach $13.88 in the next twelve months. This suggests that the stock has a possible downside of 24.8%.
View analysts' price targets for First Midwest Bancorp or view Wall Street analyst' top-rated stocks.

Are investors shorting First Midwest Bancorp?

First Midwest Bancorp saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,930,000 shares, an increase of 15.4% from the December 15th total of 2,540,000 shares. Based on an average daily volume of 655,600 shares, the days-to-cover ratio is presently 4.5 days.
View First Midwest Bancorp's Short Interest.

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

Some companies that are related to First Midwest Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of FMBI's 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 60, Pay $2.07M)
Mr. Mark G. Sander, Pres, COO & Director (Age 62, Pay $1.34M)
Mr. Patrick S. Barrett, Exec. VP & CFO (Age 57, Pay $963.67k)
Mr. Thomas M. Prame, Exec. VP & Director of Consumer Banking - First Midwest Bank (Age 51, Pay $669.47k)
Mr. Michael W. Jamieson, Exec. VP & Director of Commercial Banking -First Midwest Bank (Age 63, Pay $816.19k)
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. R. Douglas Rose, Exec. VP & Chief HR Officer (Age 52)

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 retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%) and First Hawaiian Bank (0.02%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James V Stadler, Kathryn Hayley, Kevin P Geoghegan, Mark G Sander, Michael L Scudder, 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 State of Alaska Department of Revenue.
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 First Hawaiian Bank. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson, Kathryn Hayley, 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.

What is First Midwest Bancorp's stock price today?

One share of FMBI stock can currently be purchased for approximately $18.46.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $2.11 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 1/18/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here