First Midwest Bancorp Price Target Raised to $18.00 at Robert W. Baird (FMBI)
Research analysts at Robert W. Baird lifted their price objective on shares of First Midwest Bancorp (NASDAQ:FMBI) from $17.00 to $18.00 in a report released on Thursday. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 2.97% from the company’s current price.
First Midwest Bancorp (NASDAQ:FMBI) traded down 1.72% during mid-day trading on Thursday, hitting $17.18. 274,970 shares of the company’s stock traded hands. First Midwest Bancorp has a 52-week low of $14.22 and a 52-week high of $18.49. The stock has a 50-day moving average of $16.86 and a 200-day moving average of $16.75. The company has a market cap of $1.293 billion and a price-to-earnings ratio of 15.93.
First Midwest Bancorp (NASDAQ:FMBI) last released its earnings data on Tuesday, April 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts expect that First Midwest Bancorp will post $1.05 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FMBI. Analysts at Zacks upgraded shares of First Midwest Bancorp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $20.10 price target on the stock. Separately, analysts at Sandler O’Neill upgraded shares of First Midwest Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $19.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of First Midwest Bancorp from $18.50 to $17.50 in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. First Midwest Bancorp currently has an average rating of “Buy” and an average price target of $18.39.
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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