Analysts’ Weekly Ratings Changes for First Midwest Bancorp (FMBI)

Several brokerages have updated their recommendations and price targets on shares of First Midwest Bancorp (NASDAQ: FMBI) in the last few weeks:

  • 10/5/2017 – First Midwest Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 10/4/2017 – First Midwest Bancorp had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $26.00 price target on the stock.
  • 9/26/2017 – First Midwest Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – First Midwest Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 9/11/2017 – First Midwest Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 9/1/2017 – First Midwest Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 9/1/2017 – First Midwest Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/15/2017 – First Midwest Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “

First Midwest Bancorp, Inc. (FMBI) opened at 23.33 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 20.01 and a beta of 1.16. The firm has a 50-day moving average of $22.30 and a 200 day moving average of $22.67. First Midwest Bancorp, Inc. has a one year low of $18.75 and a one year high of $25.83.

First Midwest Bancorp (NASDAQ:FMBI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $162.53 million for the quarter, compared to analysts’ expectations of $164.02 million. First Midwest Bancorp had a net margin of 17.30% and a return on equity of 7.81%. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities research analysts anticipate that First Midwest Bancorp, Inc. will post $1.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, September 28th. First Midwest Bancorp’s payout ratio is 34.19%.

In other First Midwest Bancorp news, Director Patrick J. Mcdonnell sold 3,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $21.85, for a total transaction of $76,475.00. Following the completion of the sale, the director now directly owns 24,237 shares of the company’s stock, valued at $529,578.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.69% of the company’s stock.

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

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