NASDAQ:FMBIFirst Midwest Bancorp Stock Price, Forecast & News

$13.20

+0.12 (+0.92 %)

(As of 06/3/2020 09:39 AM ET)

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Today's Range

$12.93

Now: $13.20▼

$13.44

50-Day Range

$10.97

MA: $12.92▼

$15.61

52-Week Range

$10.31

Now: $13.20▼

$23.64

Volume541,493 shs

Average Volume613,741 shs

Market Capitalization$1.51 billion

P/E Ratio8.41

Dividend Yield4.28%

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 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.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
First Midwest Bancorp has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.50, First Midwest Bancorp has a potential upside of 40.2% from its current price of $13.20.
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 413 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Midwest Bancorp has received 368 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Midwest Bancorp has received 52.88% “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.

4.2 Dividend Strength

Dividend Leadership
First Midwest Bancorp is a leading dividend payer. It pays a dividend yield of 4.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Midwest Bancorp has been increasing its dividend for 7 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 52.34 % next year. This indicates that First Midwest Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Midwest Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.10% of the stock of First Midwest Bancorp is held by insiders.
Percentage Held by Institutions
80.70% 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 -7.76% in the coming year, from $1.16 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Midwest Bancorp is 8.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Midwest Bancorp is 8.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.30.
Price to Book Value per Share Ratio
First Midwest Bancorp has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

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

Debt

Debt-to-Equity Ratio1.18

Current Ratio1.02

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio8.41

Forward P/E Ratio11.38

P/E GrowthN/A

Sales & Book Value

Annual Sales$861.62 million

Price / Sales1.75

Cash Flow$2.39 per share

Price / Cash Flow5.52

Book Value$21.56 per share

Price / Book0.61

Profitability

EPS (Most Recent Fiscal Year)$1.98

Net Income$199.74 million

Net Margins19.76%

Return on Equity8.10%

Return on Assets1.05%

Miscellaneous

Employees2,122

Outstanding Shares114,260,000

Market Cap$1.51 billion

Next Earnings Date7/28/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FMBI stock has decreased by 10.0% and is now trading at $13.20. View which stocks have been most 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, July 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) announced its earnings results on Thursday, April, 30th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.11. The financial services provider had revenue of $182.94 million for the quarter, compared to analyst estimates of $182.33 million. First Midwest Bancorp had a return on equity of 8.10% and a net margin of 19.76%. 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 Tuesday, May 19th. Shareholders of record on Friday, June 26th will be given a dividend of $0.14 per share on Tuesday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Thursday, June 25th. View First Midwest Bancorp's dividend history.

What price target have analysts set for FMBI?

5 equities research analysts have issued 12 month price objectives for First Midwest Bancorp's stock. Their forecasts range from $13.00 to $23.00. On average, they expect First Midwest Bancorp's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 40.2% from the stock's current price. View analysts' price targets for First Midwest Bancorp.

Has First Midwest Bancorp been receiving favorable news coverage?

News coverage about FMBI stock has been trending positive this week, according to InfoTrie Sentiment Analysis. 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 public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Midwest Bancorp earned a daily sentiment score of 2.4 on InfoTrie's scale. They also gave news articles 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 impact on the company's share price in the near future. View the latest news aboutFirst Midwest Bancorp.

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

Some companies that are related to First Midwest Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 Energy Transfer LP Unit (ET), Huntington Bancshares (HBAN), People's United Financial (PBCT), Cisco Systems (CSCO), Consolidated Edison (ED), Fifth Third Bancorp (FITB), Eli Lilly And Co (LLY), Marathon Petroleum (MPC), Walgreens Boots Alliance (WBA) and AbbVie (ABBV).

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."

Who are First Midwest Bancorp's major shareholders?

First Midwest Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.63%), Fuller & Thaler Asset Management Inc. (6.36%), Wellington Management Group LLP (4.01%), State Street Corp (3.97%), Pzena Investment Management LLC (1.72%) and Geode Capital Management LLC (1.38%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James V Stadler, Kathryn Hayley, Michael L Scudder and Thomas M Prame. View institutional ownership trends for First Midwest Bancorp.

Which institutional investors are selling First Midwest Bancorp stock?

FMBI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, JPMorgan Chase & Co., Schroder Investment Management Group, Rothschild & Co. Asset Management US Inc., Mackay Shields LLC, Public Sector Pension Investment Board, Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for First Midwest Bancorp.

Which institutional investors are buying First Midwest Bancorp stock?

FMBI stock was bought by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Assenagon Asset Management S.A., BlackRock Inc., State Street Corp, Principal Financial Group Inc., Foundry Partners LLC, First Trust Advisors LP, and Geode Capital Management LLC. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson, and Kathryn Hayley. View insider buying and selling activity for First Midwest Bancorp.

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 $13.20.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $1.51 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 6/3/2020 by MarketBeat.com Staff