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.
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Industry, Sector and Symbol
Industry N/A
Sub-IndustryRegional Banks
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees2,046
Next Earnings Date4/28/2020 (Estimated)
OptionableOptionable
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 Thursday, November 21st. Stockholders of record on Friday, December 20th will be given a dividend of $0.14 per share on Tuesday, January 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, December 19th. View First Midwest Bancorp's Dividend History.
How were First Midwest Bancorp's earnings last quarter?
First Midwest Bancorp Inc (NASDAQ:FMBI) released its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The financial services provider earned $194.86 million during the quarter, compared to analyst estimates of $192.33 million. View First Midwest Bancorp's Earnings History.
When is First Midwest Bancorp's next earnings date?
What price target have analysts set for FMBI?
4 Wall Street analysts have issued twelve-month target prices for First Midwest Bancorp's shares. Their forecasts range from $22.00 to $23.00. On average, they anticipate First Midwest Bancorp's share price to reach $22.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for First Midwest Bancorp.
What is the consensus analysts' recommendation for First Midwest Bancorp?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Midwest Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Midwest Bancorp.
Has First Midwest Bancorp been receiving favorable news coverage?
News coverage about FMBI stock has trended somewhat positive on Monday, according to InfoTrie Sentiment. 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 companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Midwest Bancorp earned a news impact score of 2.0 on InfoTrie's scale. They also gave headlines 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 stock's share price in the near future. View News Stories for First Midwest Bancorp.
Are investors shorting First Midwest Bancorp?
First Midwest Bancorp saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,760,000 shares, an increase of 12.2% from the December 31st total of 3,350,000 shares. Based on an average trading volume of 505,200 shares, the short-interest ratio is currently 7.4 days. Approximately 3.5% of the company's shares are sold short. View First Midwest Bancorp's Current Options Chain.
Who are some of First Midwest Bancorp's key competitors?
Some companies that are related to First Midwest Bancorp include SunTrust Banks (STI), TCF Financial (TCF), Valley National Bancorp (VLY), Ameris Bancorp (ABCB), Park National (PRK), Tompkins Financial (TMP), Arrow Financial (AROW), American National BankShares (AMNB), Bar Harbor Bankshares (BHB), Ames National (ATLO), MidSouth Bancorp (MSL), First Trust California Municipal High Income ETF (FCAL), 1st Source (SRCE), BancFirst (BANF) and Bancorp (TBBK).
What other stocks do shareholders of First Midwest Bancorp own?
Who are First Midwest Bancorp's key executives?
First Midwest Bancorp's management team includes the folowing 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)
Who are First Midwest Bancorp's major shareholders?
First Midwest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.67%), Goldman Sachs Group Inc. (2.37%), Pzena Investment Management LLC (1.68%), Bank of New York Mellon Corp (1.41%), Principal Financial Group Inc. (1.25%) and Schroder Investment Management Group (1.11%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James P Hotchkiss, James V Stadler, Kathryn Hayley, Mark G Sander, Michael C Spitler, Michael L Scudder, Robert P Omeara 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 Strs Ohio, Prudential Financial Inc., Martingale Asset Management L P, Stifel Financial Corp, Banc Funds Co. LLC, State of New Jersey Common Pension Fund D, Arizona State Retirement System and Cubist Systematic Strategies LLC. Company insiders that have sold First Midwest Bancorp company stock in the last year include James V Stadler and Michael L Scudder. View Insider Buying and Selling for First Midwest Bancorp.
Which institutional investors are buying First Midwest Bancorp stock?
FMBI stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Pzena Investment Management LLC, LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Great West Life Assurance Co. Can and Foundry Partners 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 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 $21.02.
MarketBeat Community Rating for First Midwest Bancorp (NASDAQ 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 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.
