First Midwest Bancorp Given Average Rating of “Buy” by Brokerages (NASDAQ:FMBI)
Shares of First Midwest Bancorp (NASDAQ:FMBI) have earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, American Banking News.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.42.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of First Midwest Bancorp in a research note on Thursday, July 24th. They now have a $19.00 price target on the stock, down previously from $20.00. Analysts at Robert W. Baird raised their price target on shares of First Midwest Bancorp from $17.00 to $18.00 in a research note on Thursday, July 10th. They now have a “neutral” rating on the stock.
Shares of First Midwest Bancorp (NASDAQ:FMBI) opened at 16.23 on Thursday. First Midwest Bancorp has a 1-year low of $14.49 and a 1-year high of $18.49. The stock’s 50-day moving average is $16.81 and its 200-day moving average is $16.62. The company has a market cap of $1.222 billion and a price-to-earnings ratio of 14.32.
First Midwest Bancorp (NASDAQ:FMBI) last released its earnings data on Tuesday, July 22nd. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. On average, analysts predict that First Midwest Bancorp will post $1.02 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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