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NASDAQ:FMBI

First Midwest Bancorp Stock Forecast, Price & News

$11.83
-0.07 (-0.59 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$11.80
Now: $11.83
$12.08
50-Day Range
$11.76
MA: $12.56
$13.57
52-Week Range
$10.31
Now: $11.83
$23.64
Volume2.06 million shs
Average Volume671,026 shs
Market Capitalization$1.35 billion
P/E Ratio9.10
Dividend Yield4.70%
Beta1.23
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: 3.4Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.04 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$2.39 per share
Book Value$21.56 per share

Profitability

Net Income$199.74 million

Miscellaneous

Employees2,122
Market Cap$1.35 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$11.83
-0.07 (-0.59 %)
(As of 09/18/2020 12:00 AM 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 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 shares have decreased by 19.4% and is now trading at $11.83.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 1 hold rating 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) posted its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The financial services provider earned $178.23 million during the quarter, compared to analysts' expectations of $185.80 million. First Midwest Bancorp had a net margin of 16.97% and a return on equity of 6.70%.
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 Monday, August 24th. Shareholders of record on Friday, September 25th will be given a dividend of $0.14 per share on Tuesday, October 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 24th.
View First Midwest Bancorp's dividend history
.

What price target have analysts set for FMBI?

4 equities research analysts have issued 12-month price objectives for First Midwest Bancorp's shares. Their forecasts range from $13.00 to $23.00. On average, they anticipate First Midwest Bancorp's stock price to reach $16.38 in the next year. This suggests a possible upside of 38.4% from the stock's current price.
View analysts' price targets for First Midwest Bancorp
.

Are investors shorting First Midwest Bancorp?

First Midwest Bancorp saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,690,000 shares, a drop of 19.7% from the August 15th total of 3,350,000 shares. Based on an average trading volume of 649,000 shares, the days-to-cover ratio is currently 4.1 days.
View First Midwest Bancorp's Short Interest
.

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), Axis Capital (AXS), Eli Lilly And Co (LLY), Main Street Capital (MAIN), QUALCOMM (QCOM), General Motors (GM), NVIDIA (NVDA), People's United Financial (PBCT) and Tapestry (TPR).

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.92%), Macquarie Group Ltd. (3.84%), Goldman Sachs Group Inc. (2.84%), Principal Financial Group Inc. (1.78%), Principal Financial Group Inc. (1.78%) and Pzena Investment Management LLC (1.66%). 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 institutional 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 institutional investors are buying First Midwest Bancorp stock?

FMBI stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Nuveen Asset Management LLC, Macquarie Group Ltd., Chartwell Investment Partners LLC, Elizabeth Park Capital Advisors Ltd., and Bank of America Corp DE. 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 $11.83.

How big of a company is First Midwest Bancorp?

First Midwest Bancorp has a market capitalization of $1.35 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 9/19/2020 by MarketBeat.com Staff

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