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First Midwest Bancorp (NASDAQ:FMBI) shares saw unusually-high trading volume on Thursday after the company announced a dividend, ARN reports. Approximately 1,156,008 shares traded hands during trading, an increase of 187% from the previous session’s volume of 402,299 shares.The stock last traded at $15.65 and had previously closed at $15.72.

The newly announced dividend is scheduled for Tuesday, April 15th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, March 25th.

Several analysts have recently commented on the stock. Analysts at FIG Partners upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, January 27th. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, analysts at Oppenheimer downgraded shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.27.

The stock has a 50-day moving average of $16.66 and a 200-day moving average of $16.. The company has a market cap of $1.175 billion and a price-to-earnings ratio of 14.87.

First Midwest Bancorp (NASDAQ:FMBI) last announced its earnings results on Wednesday, January 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that First Midwest Bancorp will post $1.07 earnings per share 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.

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