First Midwest Bancorp Given Average Recommendation of “Hold” by Analysts (NASDAQ:FMBI)
Shares of First Midwest Bancorp (NASDAQ:FMBI) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Analyst Ratings Net reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.18.
First Midwest Bancorp (NASDAQ:FMBI) traded down 0.18% during mid-day trading on Monday, hitting $16.31. The stock had a trading volume of 14,364 shares. First Midwest Bancorp has a 52 week low of $11.63 and a 52 week high of $18.49. The stock has a 50-day moving average of $16.99 and a 200-day moving average of $16.86. The company has a market cap of $1.228 billion and a P/E ratio of 15.46.
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.
A number of research firms have recently commented on FMBI. Analysts at SunTrust initiated coverage on shares of First Midwest Bancorp in a research note on Tuesday, April 1st. They set a “neutral” rating and a $18.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of First Midwest Bancorp from $18.00 to $18.50 in a research note on Thursday, March 20th. Finally, analysts at Sandler O’Neill downgraded shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.
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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