First Midwest Bancorp Downgraded by Keefe, Bruyette & Woods to “Market Perform” (FMBI)
First Midwest Bancorp (NASDAQ:FMBI) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer downgraded shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 8th. Separately, analysts at Zacks downgraded shares of First Midwest Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $20.10 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of First Midwest Bancorp from $17.00 to $18.50 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.27.
First Midwest Bancorp (NASDAQ:FMBI) traded down 4.66% on Thursday, hitting $16.58. The stock had a trading volume of 663,433 shares. First Midwest Bancorp has a 52 week low of $11.57 and a 52 week high of $18.49. The stock’s 50-day moving average is $17.54 and its 200-day moving average is $16.22. The company has a market cap of $1.245 billion and a price-to-earnings ratio of 17.78.
First Midwest Bancorp (NASDAQ:FMBI) last announced its earnings results on Wednesday, January 22nd. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that First Midwest Bancorp will post $1.06 EPS for the current fiscal year.
First Midwest Bancorp, Inc is a bank holding company with operations throughout the greater Chicago metropolitan area as well as northwest Indiana, central and western Illinois, and eastern Iowa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.