About First Midwest Bancorp (NASDAQ:FMBI)
First Midwest Bancorp, Inc. is a bank holding company. The Company's principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers. As of December 31, 2016, the Bank operated primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through 117 banking locations. The Bank offers capital market products to commercial customers as risk management solutions, which include derivatives and interest rate risk products. The Bank provides an array of financing products to developers, investors and other real estate professionals, which include funding for the construction, purchase, refinance or improvement of commercial real estate properties. The Company's loan portfolio consists of both corporate and consumer loans.
Industry, Sector and Symbol
Trailing P/E Ratio26.1041666666667
Forward P/E Ratio14.20
Sales & Book Value
Annual Sales$672.86 million
Price / Sales3.75
Cash Flow$1.59 per share
Price / Cash15.45
Book Value$18.16 per share
Price / Book1.35
Net Income$98.38 million
Return on Equity7.69%
Return on Assets1.01%
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 declared a quarterly dividend on Friday, November 17th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.10 per share on Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 21st. View First Midwest Bancorp's Dividend History.
How were First Midwest Bancorp's earnings last quarter?
First Midwest Bancorp Inc (NASDAQ:FMBI) issued its quarterly earnings data on Monday, January, 29th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.03. The financial services provider earned $154.24 million during the quarter, compared to analysts' expectations of $162.84 million. First Midwest Bancorp had a net margin of 14.59% and a return on equity of 7.69%. During the same quarter in the previous year, the firm earned $0.32 earnings per share. View First Midwest Bancorp's Earnings History.
When will First Midwest Bancorp make its next earnings announcement?
Where is First Midwest Bancorp's stock going? Where will First Midwest Bancorp's stock price be in 2018?
5 analysts have issued 1-year price objectives for First Midwest Bancorp's shares. Their forecasts range from $23.00 to $29.00. On average, they expect First Midwest Bancorp's stock price to reach $26.20 in the next twelve months. View Analyst Ratings for First Midwest Bancorp.
Who are some of First Midwest Bancorp's key competitors?
Some companies that are related to First Midwest Bancorp include City National (CYN), Umpqua (UMPQ), Wintrust Financial (WTFC), BBVA Banco Frances (BFR), Popular (BPOP), Valley National Bancorp (VLY), TFS Financial (TFSL), United Bankshares (UBSI), TCF Financial (TCF), First Niagara Financial Group (FNFG), Itau Corpbanca (ITCB), Metro Bank (MTRO), Glacier Bancorp (GBCI), Grupo Aval Acciones y Valores (AVAL), Washington Federal (WAFD), BancorpSouth Bank (BXS), Community Bank System (CBU) and Simmons First National (SFNC).
Who are First Midwest Bancorp's key executives?
First Midwest Bancorp's management team includes the folowing people:
- Michael L. Scudder CPA, Chairman of the Board, President, Chief Executive Officer (Age 56)
- Robert P. O'Meara, Chairman Emeritus (Age 79)
- Patrick S. Barrett, Chief Financial Officer, Executive Vice President (Age 53)
- Mark G. Sander, Chief Operating Officer, Senior Executive Vice, Director of the Company and President, Chief Operating Officer, director of the Bank (Age 58)
- Kathleen S. Carroll, Chief Human Resource Officer, Executive Vice President
- Michelle Y. Hoskins, Chief Human Resource Officer, Executive Vice President (Age 48)
- Jo Ann Boylan, Executive Vice President and Chief Information and Operations Officer (Age 54)
- Nicholas J. Chulos, Executive Vice President, General Counsel, Corporate Secretary (Age 57)
- James P. Hotchkiss, Executive Vice President, Treasurer of the Company and Bank (Age 60)
- Thomas M. Prame, Executive Vice President and Director of Strategic Planning and Consumer Banking (Age 47)
Who owns First Midwest Bancorp stock?
First Midwest Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.83%), Macquarie Group Ltd. (2.67%), Fuller & Thaler Asset Management Inc. (2.62%), Cramer Rosenthal Mcglynn LLC (2.53%), Goldman Sachs Group Inc. (2.49%) and Millennium Management LLC (2.10%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Kathryn Hayley, Patrick J Mcdonnell, Robert P Diedrich, Robert P Omeara and Thomas Lynn Brown. View Institutional Ownership Trends for First Midwest Bancorp.
Who sold First Midwest Bancorp stock? Who is selling First Midwest Bancorp stock?
First Midwest Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Thrivent Financial For Lutherans, Endeavour Capital Advisors Inc., Millennium Management LLC, Cambiar Investors LLC, Goldman Sachs Group Inc., Allianz Asset Management GmbH and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold First Midwest Bancorp company stock in the last year include Patrick J Mcdonnell and Robert P Omeara. View Insider Buying and Selling for First Midwest Bancorp.
Who bought First Midwest Bancorp stock? Who is buying First Midwest Bancorp stock?
First Midwest Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Castleark Management LLC, Peregrine Capital Management LLC, BlackRock Inc., Schroder Investment Management Group, Citadel Advisors LLC, Macquarie Group Ltd. and Deutsche Bank AG. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Kathryn Hayley and Thomas Lynn Brown. View Insider Buying and Selling for First Midwest Bancorp.
How do I buy First Midwest Bancorp stock?
Shares of First Midwest Bancorp 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 First Midwest Bancorp stock can currently be purchased for approximately $24.56.
How big of a company is First Midwest Bancorp?
First Midwest Bancorp has a market capitalization of $2.55 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 $0.96 on an earnings per share basis. First Midwest Bancorp employs 1,882 workers across the globe.
How can I contact First Midwest Bancorp?
First Midwest Bancorp's mailing address is ONE PIERCE PLACE SUITE 1500, ITASCA IL, 60143. The financial services provider can be reached via phone at 630-875-7463 or via email at [email protected]
MarketBeat Community Rating for First Midwest Bancorp (FMBI)MarketBeat's community ratings are surveys of what our community members think about First Midwest Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
First Midwest Bancorp (NASDAQ:FMBI) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Buy|
|Consensus Rating Score: ||2.40||2.40||2.60||2.60|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$26.20||$26.20||$25.80||$26.20|
|Price Target Upside: ||6.94% upside||6.94% upside||12.27% upside||24.94% upside|
First Midwest Bancorp (NASDAQ:FMBI) Consensus Price Target History
First Midwest Bancorp (NASDAQ:FMBI) Analyst Ratings History
(Data available from 2/22/2016 forward)
First Midwest Bancorp (NASDAQ:FMBI) Earnings History and Estimates Chart
First Midwest Bancorp (NASDAQ FMBI) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/29/2018||Q4 2017||$0.37||$0.34||$162.84 million||$154.24 million||View||Listen|
|10/24/2017||Q3 2017||$0.36||$0.37||$164.81 million||$163.24 million||View||N/A|
|7/25/2017||Q2 2017||$0.36||$0.35||$164.02 million||$162.53 million||View||N/A|
|4/25/2017||Q1 2017||$0.34||$0.34||$162.00 million||$155.15 million||View||N/A|
|1/24/2017||Q416||$0.32||$0.32||$132.85 million||$127.74 million||View||N/A|
|10/18/2016||Q3||$0.32||$0.32||$130.97 million||$136.83 million||View||N/A|
|7/19/2016||Q216||$0.30||$0.31||$123.86 million||$127.80 million||View||N/A|
|4/19/2016||Q116||$0.28||$0.27||$117.84 million||$116.64 million||View||N/A|
|1/26/2016||Q415||$0.30||$0.29||$114.84 million||$114.49 million||View||Listen|
|10/20/2015||Q3||$0.31||$0.30||$115.72 million||$112.92 million||View||Listen|
|7/21/2015||Q215||$0.29||$0.29||$112.37 million||$112.89 million||View||Listen|
|4/21/2015||Q1||$0.27||$0.26||$111.22 million||$111.00 million||View||N/A|
|1/20/2015||Q4 2014||$0.24||$0.27||$109.26 million||$106.89 million||View||N/A|
|10/21/2014||Q314||$0.26||$0.25||$101.22 million||$108.14 million||View||N/A|
|7/22/2014||Q214||$0.25||$0.25||$96.80 million||$97.50 million||View||N/A|
|4/22/2014||Q114||$0.25||$0.24||$95.38 million||$90.95 million||View||N/A|
|1/22/2014||Q413||$0.26||$0.26||$98.71 million||$93.47 million||View||N/A|
|10/23/2013||Q313||$0.24||$0.39||$96.44 million||$123.75 million||View||N/A|
|7/24/2013||Q2 2013||$0.22||$0.22||$95.17 million||$92.37 million||View||N/A|
|4/24/2013||Q1 2013||$0.21||$0.20||$90.99 million||$91.42 million||View||N/A|
|1/23/2013||Q4 2012||$0.19||$0.18||$96.14 million||View||N/A|
First Midwest Bancorp (NASDAQ:FMBI) Earnings Estimates
2018 EPS Consensus Estimate: $1.70
2019 EPS Consensus Estimate: $2.00
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
First Midwest Bancorp (NASDAQ:FMBI) Dividend Information
|Most Recent Dividend:||1/9/2018|
|Payout Ratio:||41.67% (Trailing 12 Months of Earnings) |
23.12% (Based on This Year's Estimates)
20.41% (Based on Next Year's Estimates)
First Midwest Bancorp (NASDAQ:FMBI) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
First Midwest Bancorp (NASDAQ FMBI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.69%
Institutional Ownership Percentage: 83.52%
First Midwest Bancorp (NASDAQ FMBI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/15/2017||Robert P Omeara||Director||Sell||50,000||$24.56||$1,228,000.00|| |
|9/15/2017||Patrick J Mcdonnell||Director||Sell||3,500||$21.85||$76,475.00||24,237|| |
|6/13/2017||Thomas Lynn Brown||Director||Buy||3,000||$24.06||$72,180.00||3,000|| |
|3/7/2017||Arsdell Stephen C Van||Director||Buy||14,000||$24.39||$341,460.00||14,000|| |
|2/8/2017||Robert P. Diedrich||EVP||Sell||7,673||$23.70||$181,850.10|| |
|12/8/2016||Robert P Omeara||Director||Sell||3,383||$24.52||$82,951.16|| |
|11/30/2016||Robert P Omeara||Director||Sell||100,000||$24.19||$2,419,000.00|| |
|11/29/2016||Robert P Omeara||Director||Sell||44,800||$24.14||$1,081,472.00|| |
|11/28/2016||Robert P Omeara||Director||Sell||20,200||$24.08||$486,416.00|| |
|10/27/2016||Kathryn Hayley||Director||Buy||16,000||$19.40||$310,400.00|| |
|8/22/2016||Robert P. Diedrich||EVP||Sell||1,200||$19.17||$23,004.00|| |
|10/22/2015||Thomas M Prame||EVP||Sell||2,225||$17.52||$38,982.00||25,019|| |
|9/15/2015||Thomas M Prame||EVP||Sell||6,800||$17.60||$119,680.00||27,244|| |
|9/9/2015||Thomas M Prame||Director||Buy||9,025||$17.64||$159,201.00||34,044|| |
|12/15/2014||Robert P Diedrich||Director||Sell||1,500||$16.50||$24,750.00|| |
|5/7/2014||Kimberly Mcgarry||CAO||Sell||3,399||$16.20||$55,063.80||9,154|| |
|7/31/2013||Robert P Diedrich||Director||Buy||2,000||$15.36||$30,720.00|| |
First Midwest Bancorp (NASDAQ FMBI) News Headlines
|$160.90 Million in Sales Expected for First Midwest Bancorp Inc (FMBI) This Quarter|
www.americanbankingnews.com - February 14 at 5:04 AM
|Zacks Investment Research Lowers First Midwest Bancorp (FMBI) to Hold|
www.americanbankingnews.com - February 14 at 12:28 AM
|First Midwest Bank Names Jim Stadler as Chief Marketing and Communications Officer|
finance.yahoo.com - February 13 at 4:24 PM
|Zacks: Brokerages Expect First Midwest Bancorp Inc (FMBI) Will Post Earnings of $0.39 Per Share|
www.americanbankingnews.com - February 12 at 7:20 PM
|BidaskClub Upgrades First Midwest Bancorp (FMBI) to "Buy"|
www.americanbankingnews.com - February 10 at 11:40 AM
|First Midwest Bancorp Inc (FMBI) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - February 6 at 3:34 PM
|First Midwest Bancorp Inc Forecasted to Earn Q1 2018 Earnings of $0.38 Per Share (FMBI)|
www.americanbankingnews.com - February 5 at 2:28 AM
|Research Analysts Set Expectations for First Midwest Bancorp Inc's Q1 2019 Earnings (FMBI)|
www.americanbankingnews.com - February 2 at 3:08 PM
|FY2018 EPS Estimates for First Midwest Bancorp Inc (FMBI) Lifted by DA Davidson|
www.americanbankingnews.com - February 2 at 12:52 PM
|Equities Analysts Issue Forecasts for First Midwest Bancorp Inc's Q1 2018 Earnings (FMBI)|
www.americanbankingnews.com - February 2 at 10:46 AM
|Jefferies Group Weighs in on First Midwest Bancorp Inc's Q1 2018 Earnings (FMBI)|
www.americanbankingnews.com - February 2 at 9:10 AM
|FY2019 Earnings Estimate for First Midwest Bancorp Inc (FMBI) Issued By FIG Partners|
www.americanbankingnews.com - February 1 at 3:12 PM
|DA Davidson Equities Analysts Raise Earnings Estimates for First Midwest Bancorp Inc (FMBI)|
www.americanbankingnews.com - February 1 at 7:50 AM
|First Midwest Bancorp (FMBI) Issues Earnings Results, Misses Expectations By $0.03 EPS|
www.americanbankingnews.com - January 30 at 7:32 AM
|A Preview Of First Midwest Bancorp's Earnings|
finance.yahoo.com - January 29 at 4:22 PM
|First Midwest Bancorp Inc (FMBI) Expected to Announce Quarterly Sales of $162.84 Million|
www.americanbankingnews.com - January 28 at 2:22 AM
| Analysts Anticipate First Midwest Bancorp Inc (FMBI) Will Announce Earnings of $0.36 Per Share|
www.americanbankingnews.com - January 26 at 9:14 PM
|First Midwest Names Kathleen Carroll as Chief Human Resources Officer|
finance.yahoo.com - January 24 at 4:40 PM
|First Midwest Bancorp (FMBI) to Release Earnings on Monday|
www.americanbankingnews.com - January 15 at 2:12 AM
|First Midwest Bancorp (FMBI) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - January 12 at 10:28 PM
|First Midwest Bancorp Inc (FMBI) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - January 12 at 3:52 PM
|FY2017 EPS Estimates for First Midwest Bancorp Inc (FMBI) Raised by Analyst|
www.americanbankingnews.com - January 12 at 7:32 AM
|BRIEF-First Midwest Bancorp Increases Minimum Pay Rate To $15 For Hourly Employees|
www.reuters.com - January 11 at 5:08 PM
|First Midwest Bancorp, Inc. Announces Expanded Investment in Colleagues and Communities|
finance.yahoo.com - January 11 at 5:08 PM
|First Midwest Bancorp Inc (FMBI) Expected to Post Quarterly Sales of $163.31 Million|
www.americanbankingnews.com - January 11 at 5:36 AM
|First Midwest Bancorp Inc Forecasted to Earn Q2 2018 Earnings of $0.45 Per Share (FMBI)|
www.americanbankingnews.com - January 10 at 10:56 AM
|Q4 2017 Earnings Estimate for First Midwest Bancorp Inc (FMBI) Issued By Jefferies Group|
www.americanbankingnews.com - January 10 at 8:00 AM
|$0.36 EPS Expected for First Midwest Bancorp Inc (FMBI) This Quarter|
www.americanbankingnews.com - January 9 at 7:06 PM
|Q1 2018 Earnings Estimate for First Midwest Bancorp Inc Issued By SunTrust Banks (FMBI)|
www.americanbankingnews.com - January 9 at 10:00 AM
|First Midwest Bancorp, Inc. Announces Schedule for 2017 Fourth Quarter and Full Year Earnings Release and Conference Call|
finance.yahoo.com - January 5 at 4:47 PM
|First Midwest Bancorp, Inc. (FMBI)|
finance.yahoo.com - January 5 at 9:57 AM
|First Midwest Bancorp (FMBI) PT Set at $26.00 by Sandler O'Neill|
www.americanbankingnews.com - January 3 at 8:00 PM
|ETFs with exposure to First Midwest Bancorp, Inc. (Illinois) : December 26, 2017|
finance.yahoo.com - December 27 at 6:41 PM
|First Midwest Bancorp Inc (FMBI) Expected to Announce Quarterly Sales of $163.31 Million|
www.americanbankingnews.com - December 26 at 10:06 PM
|First Midwest Bancorp, Inc. (Illinois) : FMBI-US: Dividend Analysis : December 22nd, 2017 (record date) : By the numbers : December 22, 2017|
finance.yahoo.com - December 22 at 8:18 PM
|Comparing First Midwest Bancorp (FMBI) & Its Competitors|
www.americanbankingnews.com - December 22 at 3:04 AM
|Insider Selling: First Midwest Bancorp Inc (FMBI) Director Sells 50,000 Shares of Stock|
www.americanbankingnews.com - December 19 at 8:50 PM
|First Midwest Bancorp (FMBI) and Its Rivals Head to Head Contrast|
www.americanbankingnews.com - December 19 at 5:26 AM
|First Midwest Bancorp Inc (FMBI) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - December 18 at 3:50 PM
|First Midwest Bancorp's (FMBI) "Buy" Rating Reaffirmed at Jefferies Group|
www.americanbankingnews.com - December 9 at 6:22 AM
|Zacks: Brokerages Expect First Midwest Bancorp Inc (FMBI) Will Announce Quarterly Sales of $163.31 Million|
www.americanbankingnews.com - December 8 at 6:34 AM
|First Midwest Bancorp Inc (FMBI) Expected to Post Earnings of $0.36 Per Share|
www.americanbankingnews.com - December 6 at 5:30 PM
|First Midwest Bancorp (FMBI) & Its Competitors Financial Survey|
www.americanbankingnews.com - December 5 at 9:26 PM
|ETFs with exposure to First Midwest Bancorp, Inc. (Illinois) : December 5, 2017|
finance.yahoo.com - December 5 at 4:58 PM
|First Midwest Bancorp, Inc. (Illinois) :FMBI-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017|
finance.yahoo.com - December 4 at 9:50 AM
|First Midwest Bancorp, Inc. (FMBI) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - November 23 at 7:56 PM
|Zacks: Analysts Anticipate First Midwest Bancorp, Inc. (FMBI) Will Post Quarterly Sales of $163.31 Million|
www.americanbankingnews.com - November 20 at 4:52 AM
|Zacks: Brokerages Expect First Midwest Bancorp, Inc. (FMBI) to Post $0.36 EPS|
www.americanbankingnews.com - November 18 at 7:22 PM
|First Midwest Bancorp, Inc. Declares Fourth Quarter Cash Dividend of $0.10 Per Share|
finance.yahoo.com - November 18 at 8:50 AM
|First Midwest Bancorp, Inc. (FMBI) Announces Quarterly Dividend of $0.10|
www.americanbankingnews.com - November 17 at 6:10 PM
First Midwest Bancorp (NASDAQ:FMBI) SEC Filings
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First Midwest Bancorp (NASDAQ:FMBI) Income Statement, Balance Sheet and Cash Flow Statement
First Midwest Bancorp (NASDAQ FMBI) Stock Chart for Thursday, February, 22, 2018