First Midwest Bancorp Inc (NASDAQ:FMBI) Director Robert P. Omeara sold 25,300 shares of First Midwest Bancorp stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $26.00, for a total value of $657,800.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of First Midwest Bancorp Inc (NASDAQ:FMBI) opened at $26.41 on Monday. The stock has a market capitalization of $2,720.43, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.97. First Midwest Bancorp Inc has a one year low of $20.50 and a one year high of $26.48.
First Midwest Bancorp (NASDAQ:FMBI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $154.24 million during the quarter, compared to the consensus estimate of $162.84 million. First Midwest Bancorp had a net margin of 14.59% and a return on equity of 7.69%. During the same quarter in the previous year, the firm earned $0.32 earnings per share. equities research analysts predict that First Midwest Bancorp Inc will post 1.73 EPS for the current year.
A number of analysts recently commented on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $29.00 price target on shares of First Midwest Bancorp in a report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and set a $28.00 price target on shares of First Midwest Bancorp in a report on Friday, December 8th. Zacks Investment Research lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Finally, Sandler O’Neill set a $26.00 target price on First Midwest Bancorp and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.67.
Several institutional investors and hedge funds have recently modified their holdings of FMBI. Zions Bancorporation bought a new stake in shares of First Midwest Bancorp in the third quarter valued at $112,000. Quantbot Technologies LP bought a new stake in shares of First Midwest Bancorp in the third quarter valued at $118,000. CIBC Asset Management Inc purchased a new position in shares of First Midwest Bancorp in the third quarter valued at $201,000. Victory Capital Management Inc. grew its position in shares of First Midwest Bancorp by 38.8% in the third quarter. Victory Capital Management Inc. now owns 10,915 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 3,053 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of First Midwest Bancorp in the fourth quarter valued at $289,000. Hedge funds and other institutional investors own 83.70% of the company’s stock.
First Midwest Bancorp Company Profile
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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