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NASDAQ:FMBIFirst Midwest Bancorp Stock Price, Forecast & News

$13.41
+0.22 (+1.67 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$12.99
Now: $13.41
$13.61
50-Day Range
$11.97
MA: $12.63
$13.57
52-Week Range
$10.31
Now: $13.41
$23.64
Volume560,049 shs
Average Volume679,847 shs
Market Capitalization$1.53 billion
P/E Ratio10.32
Dividend Yield4.24%
Beta1.24
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.02 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FMBI
CUSIP32086710
Phone708-831-7483

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$861.62 million
Cash Flow$2.44 per share
Book Value$21.56 per share

Profitability

Net Income$199.74 million

Miscellaneous

Employees2,122
Market Cap$1.53 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$13.41
+0.22 (+1.67 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Midwest Bancorp (NASDAQ:FMBI) Frequently Asked Questions

How has First Midwest Bancorp's stock price 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 (WHO). Since then, FMBI stock has decreased by 8.6% and is now trading at $13.41.
View which stocks have been most impacted by COVID-19
.

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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, October 27th 2020.
View our earnings forecast for First Midwest Bancorp
.

How were First Midwest Bancorp's earnings last quarter?

First Midwest Bancorp Inc (NASDAQ:FMBI) released its quarterly earnings results on Tuesday, July, 21st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.04. The financial services provider had revenue of $178.23 million for the quarter, compared to analysts' expectations of $185.80 million. First Midwest Bancorp had a return on equity of 6.70% and a net margin of 16.97%.
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. Investors of record on Friday, June 26th will be paid a dividend of $0.14 per share on Tuesday, July 7th. This represents a $0.56 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, June 25th.
View First Midwest Bancorp's dividend history
.

What price target have analysts set for FMBI?

5 Wall Street analysts have issued 1-year price targets for First Midwest Bancorp's stock. Their forecasts range from $13.00 to $23.00. On average, they expect First Midwest Bancorp's share price to reach $17.50 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
View analysts' price targets for First Midwest Bancorp
.

Has First Midwest Bancorp been receiving favorable news coverage?

News articles about FMBI stock have been trending positive on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Midwest Bancorp earned a coverage optimism score of 2.4 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.
View the latest news about First Midwest Bancorp
.

Who are some of First Midwest Bancorp's key 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 Boeing (BA), Mastercard (MA), Main Street Capital (MAIN), QUALCOMM (QCOM), General Motors (GM), Eli Lilly And Co (LLY), NVIDIA (NVDA), People's United Financial (PBCT), AbbVie (ABBV) and Axis Capital (AXS).

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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.92%), Macquarie Group Ltd. (3.84%), Goldman Sachs Group Inc. (2.84%), Principal Financial Group Inc. (1.78%), Pzena Investment Management LLC (1.66%) and Bank of New York Mellon Corp (1.40%). Company insiders that own First Midwest Bancorp stock include Arsdell Stephen C Van, Frank Blaise Modruson, James V Stadler, Kathryn Hayley, Mark G Sander, Michael L Scudder, Michael Small, Phupinder Gill and R Douglas Rose.
View institutional ownership trends for First Midwest Bancorp
.

Which major investors are selling First Midwest Bancorp stock?

FMBI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Glenmede Trust Co. NA, Man Group plc, Mackay Shields LLC, SG Americas Securities LLC, Prudential Financial Inc., Advisor Group Holdings Inc., and LSV Asset Management.
View insider buying and selling activity for First Midwest Bancorp
.

Which major investors are buying First Midwest Bancorp stock?

FMBI stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Principal Financial Group Inc., Macquarie Group Ltd., Chartwell Investment Partners LLC, Elizabeth Park Capital Advisors Ltd., Bank of America Corp DE, Dynamic Advisor Solutions LLC, and Bank of New York Mellon Corp. Company insiders that have bought First Midwest Bancorp stock in the last two years include Arsdell Stephen C Van, Frank Blaise Modruson, Kathryn Hayley, Mark G Sander, Michael Small, Phupinder Gill, and R Douglas Rose.
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 $13.41.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $1.53 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 8/15/2020 by MarketBeat.com Staff

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