First Midwest Bancorp (NASDAQ: FMBI) recently received a number of ratings updates from brokerages and research firms:

  • 7/28/2017 – First Midwest Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 7/27/2017 – First Midwest Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/27/2017 – First Midwest Bancorp was downgraded by analysts at FIG Partners from an “outperform” rating to a “market perform” rating. They now have a $25.00 price target on the stock, down previously from $26.00.
  • 7/24/2017 – First Midwest Bancorp was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $26.00 price target on the stock, up previously from $25.00.
  • 7/13/2017 – First Midwest Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/7/2017 – First Midwest Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. “
  • 6/30/2017 – First Midwest Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/23/2017 – First Midwest Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/11/2017 – First Midwest Bancorp had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock.
  • 6/10/2017 – First Midwest Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

First Midwest Bancorp, Inc. (NASDAQ FMBI) traded up 0.86% during trading on Tuesday, reaching $22.17. 698,384 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $23.24 and its 200 day moving average price is $23.47. The firm has a market cap of $2.28 billion, a P/E ratio of 19.01 and a beta of 1.14. First Midwest Bancorp, Inc. has a 52-week low of $18.36 and a 52-week high of $25.83.

First Midwest Bancorp (NASDAQ:FMBI) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. First Midwest Bancorp had a net margin of 17.30% and a return on equity of 7.81%. The firm had revenue of $162.53 million during the quarter, compared to the consensus estimate of $164.02 million. During the same period in the prior year, the business earned $0.32 earnings per share. Equities research analysts anticipate that First Midwest Bancorp, Inc. will post $1.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th were issued a $0.10 dividend. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, June 28th. First Midwest Bancorp’s dividend payout ratio (DPR) is currently 34.19%.

In other news, Director Thomas Lynn Brown bought 3,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost of $24.06 per share, with a total value of $72,180.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $72,180. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.69% of the stock is owned by company insiders.

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

Receive News & Ratings for First Midwest Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Midwest Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.