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 Ratio17.27
Forward P/E Ratio16.90
Sales & Book Value
Annual Sales$537.64 million
Price / Sales4.55
Cash Flow$1.60 per share
Price / Cash14.85
Book Value$18.16 per share
Price / Book1.31
Net Income$92.34 million
Return on Equity7.89%
Return on Assets1.00%
Frequently Asked Questions for First Midwest Bancorp (NASDAQ:FMBI)
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. Stockholders 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 annualized dividend and a dividend yield of 1.68%. The ex-dividend date 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) released its earnings results on Tuesday, October, 24th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.01. The financial services provider earned $163.24 million during the quarter, compared to the consensus estimate of $164.81 million. First Midwest Bancorp had a return on equity of 7.89% and a net margin of 18.08%. During the same quarter in the prior year, the firm posted $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 2017?
5 Wall Street analysts have issued 1-year price targets for First Midwest Bancorp's stock. Their predictions range from $23.00 to $28.00. On average, they anticipate First Midwest Bancorp's share price to reach $25.80 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 Umpqua Holdings Corporation (UMPQ), Wintrust Financial Corporation (WTFC), First Horizon National Corporation (FHN), TFS Financial Corporation (TFSL), BBVA Banco Frances S.A. (BFR), United Bankshares (UBSI), First Niagara Financial Group (FNFG), Popular (BPOP), TCF Financial Corporation (TCF), Metro Bank PLC (MTRO), Valley National Bancorp (VLY), Grupo Aval Acciones y Valores S.A. (AVAL), Washington Federal (WAFD), Glacier Bancorp (GBCI), Ita? CorpBanca (ITCB), BancorpSouth (BXS), Cybg Plc (CYBG) and Community Bank System (CBU).
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)
- 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)
- Angela L. Putnam, Senior Vice President of the Company and Bank and Chief Accounting Officer of the Bank (Age 38)
Who owns First Midwest Bancorp stock?
First Midwest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.91%), Macquarie Group Ltd. (2.50%), Cramer Rosenthal Mcglynn LLC (2.45%), Fuller & Thaler Asset Management Inc. (1.50%), Schroder Investment Management Group (1.38%) and Pzena Investment Management LLC (1.29%). 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 Bank of New York Mellon Corp, JPMorgan Chase & Co., Allianz Asset Management GmbH, Cambiar Investors LLC, Wells Fargo & Company MN, Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP and GSA Capital Partners LLP. Company insiders that have sold First Midwest Bancorp company stock in the last year include Patrick J Mcdonnell, Robert P Diedrich 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 acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Highbridge Capital Management LLC, Dimensional Fund Advisors LP, Macquarie Group Ltd., Principal Financial Group Inc., Citadel Advisors LLC, Ameriprise Financial Inc. and Schroder Investment Management Group. 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 $23.83.
How big of a company is First Midwest Bancorp?
First Midwest Bancorp has a market capitalization of $2.42 billion and generates $537.64 million in revenue each year. The financial services provider earns $92.34 million in net income (profit) each year or $1.19 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 1 Pierce Pl Ste 1500W, ITASCA, IL 60143-1254, United States. The financial services provider can be reached via phone at +1-630-8757450 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.
Analysts' Consensus Rating for First Midwest Bancorp (NASDAQ:FMBI) (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.
|Ratings Breakdown: ||0 Sell Ratings, 2 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$25.80 (8.27% upside)|
Consensus Price Target History for First Midwest Bancorp (NASDAQ:FMBI)
Analysts' Ratings History for First Midwest Bancorp (NASDAQ:FMBI)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/26/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$23.00||N/A|
|10/4/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$26.00||Medium|
|8/11/2017||Jefferies Group LLC||Reiterated Rating||Buy||$27.00||Medium|
|7/27/2017||FIG Partners||Downgrade||Outperform -> Market Perform||$26.00 -> $25.00||Low|
|12/20/2016||SunTrust Banks, Inc.||Initiated Coverage||Buy||$28.00||N/A|
|6/30/2016||Macquarie||Upgrade||Neutral -> Outperform||N/A|
|6/12/2016||Sterne Agee CRT||Initiated Coverage||Hold||N/A|
|4/21/2016||Sandler O'Neill||Downgrade||Buy -> Hold||$20.00||N/A|
|4/7/2016||DA Davidson||Initiated Coverage||Neutral||$19.00||N/A|
|3/28/2016||Robert W. Baird||Boost Price Target||Neutral||$17.00 -> $18.00||N/A|
Earnings History and Estimates Chart for First Midwest Bancorp (NASDAQ:FMBI)
Earnings History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|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|
|7/24/2013||Q2 2013||$0.22||$0.22||$95.17 million||View||N/A|
|4/24/2013||Q1 2013||$0.21||$0.20||$90.99 million||View||N/A|
|1/23/2013||Q4 2012||$0.19||$0.18||$96.14 million||View||N/A|
Earnings Estimates for First Midwest Bancorp (NASDAQ:FMBI)
2017 EPS Consensus Estimate: $1.41
2018 EPS Consensus Estimate: $1.55
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Midwest Bancorp (NASDAQ:FMBI)
|Payout Ratio:||33.61% (Trailing 12 Months of Earnings) |
28.37% (Based on This Year's Estimates)
25.64% (Based on Next Year's Estimates)
Dividend History by Quarter for First Midwest Bancorp (NASDAQ FMBI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for First Midwest Bancorp (NASDAQ FMBI)
Insider Ownership Percentage: 1.69%
Institutional Ownership Percentage: 80.91%
Insider Trades by Quarter for First Midwest Bancorp (NASDAQ FMBI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/15/2017||Patrick J Mcdonnell||Director||Sell||3,500||$21.85||$76,475.00|| |
|6/13/2017||Thomas Lynn Brown||Director||Buy||3,000||$24.06||$72,180.00|| |
|3/7/2017||Arsdell Stephen C Van||Director||Buy||14,000||$24.39||$341,460.00|| |
|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|| |
|9/15/2015||Thomas M Prame||EVP||Sell||6,800||$17.60||$119,680.00|| |
|9/9/2015||Thomas M Prame||Director||Buy||9,025||$17.64||$159,201.00|| |
|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|| |
|7/31/2013||Robert P Diedrich||Director||Buy||2,000||$15.36||$30,720.00|| |
Latest Headlines for First Midwest Bancorp (NASDAQ FMBI)
|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 (FMBI) Announces Michael L. Scudder as Chairman of the Board; Appoints J. Stephen Vanderwoude as Lead Independent Director|
www.streetinsider.com - November 16 at 2:20 PM
|First Midwest Bancorp, Inc. Appoints Michael L. Scudder as Chairman of the Board and J. Stephen Vanderwoude as Lead Independent Director|
www.nasdaq.com - November 16 at 2:20 PM
|First Midwest Bancorp, Inc. (Illinois) breached its 50 day moving average in a Bearish Manner : FMBI-US : November 9, 2017|
finance.yahoo.com - November 10 at 4:46 PM
|First Midwest Bancorp, Inc. (Illinois) – Value Analysis (NASDAQ:FMBI) : November 10, 2017|
finance.yahoo.com - November 10 at 4:46 PM
|First Midwest Bancorp, Inc. (FMBI) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - November 1 at 10:56 PM
|Analysts Offer Predictions for First Midwest Bancorp, Inc.'s FY2017 Earnings (FMBI)|
www.americanbankingnews.com - November 1 at 10:02 AM
|First Midwest Bancorp, Inc. to Post Q2 2018 Earnings of $0.37 Per Share, SunTrust Banks Forecasts (FMBI)|
www.americanbankingnews.com - October 31 at 1:16 PM
|$164.16 Million in Sales Expected for First Midwest Bancorp, Inc. (FMBI) This Quarter|
www.americanbankingnews.com - October 31 at 9:00 AM
|First Midwest Bancorp, Inc. to Post Q4 2017 Earnings of $0.35 Per Share, FIG Partners Forecasts (FMBI)|
www.americanbankingnews.com - October 30 at 6:58 AM
|First Midwest Bancorp, Inc. (FMBI) Expected to Announce Earnings of $0.36 Per Share|
www.americanbankingnews.com - October 29 at 5:16 AM
|FY2017 Earnings Estimate for First Midwest Bancorp, Inc. (FMBI) Issued By DA Davidson|
www.americanbankingnews.com - October 27 at 8:34 AM
|First Midwest Bancorp, Inc. (FMBI) Rating Reiterated by Keefe, Bruyette & Woods|
www.americanbankingnews.com - October 26 at 10:48 PM
|First Midwest Bancorp's (FMBI) CEO Michael Scudder on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - October 26 at 9:49 AM
|First Midwest Bancorp Breaks Below 200-Day Moving Average - Notable for FMBI|
www.nasdaq.com - October 26 at 9:49 AM
|Edited Transcript of FMBI earnings conference call or presentation 25-Oct-17 3:00pm GMT|
finance.yahoo.com - October 26 at 9:49 AM
|First Midwest Bancorp, Inc. to Host Earnings Call|
finance.yahoo.com - October 25 at 10:36 PM
|First Midwest Bancorp, Inc. Announces 2017 Third Quarter Results|
finance.yahoo.com - October 25 at 12:04 AM
|First Midwest Bancorp tops 3Q profit forecasts|
finance.yahoo.com - October 25 at 12:04 AM
|First Midwest Bancorp, Inc. (FMBI) Announces Quarterly Earnings Results|
www.americanbankingnews.com - October 24 at 9:08 PM
|First Midwest Bancorp, Inc. (FMBI) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - October 17 at 6:48 AM
|First Midwest Bancorp, Inc. (Illinois) : FMBI-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 12, 2017|
finance.yahoo.com - October 12 at 7:35 PM
|ETFs with exposure to First Midwest Bancorp, Inc. (Illinois) : October 12, 2017|
finance.yahoo.com - October 12 at 7:34 PM
|First Midwest Bancorp, Inc. (FMBI) Forecasted to Earn Q2 2018 Earnings of $0.38 Per Share|
www.americanbankingnews.com - October 11 at 11:41 AM
|FY2017 Earnings Estimate for First Midwest Bancorp, Inc. Issued By DA Davidson (FMBI)|
www.americanbankingnews.com - October 6 at 8:22 AM
|First Midwest Bancorp, Inc. (FMBI) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - October 5 at 6:14 PM
|DA Davidson Comments on First Midwest Bancorp, Inc.'s Q3 2017 Earnings (FMBI)|
www.americanbankingnews.com - October 5 at 6:28 AM
|First Midwest Bancorp, Inc. (FMBI) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - October 4 at 4:54 PM
|Form 8-K FIRST MIDWEST BANCORP For: Sep 26|
www.streetinsider.com - October 4 at 5:45 AM
|When Should You Sell First Midwest Bancorp Inc (FMBI)?|
finance.yahoo.com - September 30 at 4:09 PM
|First Midwest Bancorp, Inc. Announces Schedule for 2017 Third Quarter Earnings Release and Conference Call - GlobeNewswire (press release)|
globenewswire.com - September 30 at 8:08 AM
|First Midwest Bancorp, Inc. Announces Schedule for 2017 Third Quarter Earnings Release and Conference Call|
www.nasdaq.com - September 29 at 2:44 PM
|First Midwest Bancorp, Inc. (FMBI) Ex-Dividend Date Scheduled for September 28 ...|
www.nasdaq.com - September 27 at 11:19 PM
|First Midwest Bancorp, Inc. (FMBI) Expected to Post Quarterly Sales of $164.90 Million|
www.americanbankingnews.com - September 23 at 6:02 AM
|First Midwest Bancorp, Inc. (FMBI) Director Sells $76,475.00 in Stock|
www.americanbankingnews.com - September 18 at 8:08 PM
|First Midwest Bancorp, Inc. (Illinois) breached its 50 day moving average in a Bullish Manner : FMBI-US : September 13, 2017|
finance.yahoo.com - September 13 at 8:13 PM
|ETFs with exposure to First Midwest Bancorp, Inc. (Illinois) : September 13, 2017|
finance.yahoo.com - September 13 at 8:13 PM
|First Midwest Bancorp, Inc. (Illinois) :FMBI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017|
finance.yahoo.com - September 12 at 7:33 PM
|First Midwest Bancorp, Inc. (FMBI) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - September 9 at 12:40 PM
|Banco Santander, (SAN) and First Midwest Bancorp (FMBI) Critical Analysis|
www.americanbankingnews.com - September 1 at 8:20 PM
|First Midwest Bancorp (FMBI) Declares $0.10 Quarterly Dividend; 1.9% Yield|
www.streetinsider.com - August 18 at 11:38 PM
|First Midwest Bancorp, Inc. (FMBI) Declares $0.10 Quarterly Dividend|
www.americanbankingnews.com - August 18 at 5:22 PM
|First Midwest Bancorp, Inc. Declares Third Quarter Cash Dividend of $0.10 Per Share|
feeds.benzinga.com - August 17 at 7:08 PM
|First Midwest Bancorp, Inc. (FMBI) Expected to Announce Quarterly Sales of $164.90 Million|
www.americanbankingnews.com - August 17 at 7:52 AM
|First Midwest Bancorp, Inc. (FMBI) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - August 15 at 4:37 PM
|First Midwest Bancorp, Inc. (NASDAQ:FMBI) Rating Reiterated by Jefferies Group LLC|
www.americanbankingnews.com - August 12 at 8:56 PM
First Midwest Bancorp (NASDAQ FMBI) Chart for Friday, November, 24, 2017