First Midwest Bancorp Inc Declares Quarterly Dividend of $0.08 (FMBI)
First Midwest Bancorp (NASDAQ:FMBI) announced a quarterly dividend on Wednesday, August 20th, Analyst RN reports. Shareholders of record on Friday, September 26th will be paid a dividend of 0.08 per share on Tuesday, October 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.91%.
A number of analysts have recently weighed in on FMBI shares. 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.42.
First Midwest Bancorp (NASDAQ:FMBI) traded down 0.30% on Wednesday, hitting $16.72. The stock had a trading volume of 192,747 shares. First Midwest Bancorp has a 52 week low of $14.49 and a 52 week high of $18.49. The stock’s 50-day moving average is $16.72 and its 200-day moving average is $16.62. The company has a market cap of $1.259 billion and a price-to-earnings ratio of 14.88.
First Midwest Bancorp (NASDAQ:FMBI) last released its earnings data on Tuesday, July 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the 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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