First Midwest Bancorp - FMBI Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FMBI shares.
View FMBI analyst ratings or view top-rated stocks.

2 equities research analysts have issued twelve-month price objectives for First Midwest Bancorp's shares. Their FMBI share price forecasts range from $22.67 to $25.00. On average, they anticipate the company's share price to reach $23.84 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for FMBI or view top-rated stocks among Wall Street analysts.

First Midwest Bancorp, Inc. (NASDAQ:FMBI) released its quarterly earnings results on Monday, October, 18th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The financial services provider earned $190.38 million during the quarter, compared to the consensus estimate of $189.86 million. First Midwest Bancorp had a trailing twelve-month return on equity of 8.19% and a net margin of 25.27%. During the same period in the previous year, the business earned $0.33 EPS.

First Midwest Bancorp declared a quarterly dividend on Wednesday, November 17th. Stockholders of record on Monday, December 6th will be paid a dividend of $0.14 per share on Wednesday, December 15th. This represents a $0.56 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, December 3rd.
Read our dividend analysis for FMBI.

First Midwest Bancorp (NASDAQ:FMBI) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FMBI.

87 employees have rated First Midwest Bancorp Chief Executive Officer Michael L. Scudder on Glassdoor.com. Michael L. Scudder has an approval rating of 93% among the company's employees. This puts Michael L. Scudder in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Midwest Bancorp investors own include 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).

First Midwest Bancorp trades on the NASDAQ under the ticker symbol "FMBI."

One share of FMBI stock can currently be purchased for approximately $21.51.

First Midwest Bancorp (NASDAQ:FMBI) has a market capitalization of $2.46 billion and generates $789.56 million in revenue each year. The financial services provider earns $199.56 million in net income (profit) each year or $1.60 on an earnings per share basis.

First Midwest Bancorp employs 2,074 workers across the globe.

First Midwest Bancorp was founded in 1982.

First Midwest Bancorp's mailing address is 8750 WEST BRYN MAWR AVENUE SUITE 1300, CHICAGO IL, 60631. The official website for the company is www.firstmidwest.com. The financial services provider can be reached via phone at (708) 831-7483, via email at investor.relations@firstmidwest.com, or via fax at 630-875-7474.