First Midwest Bancorp, Inc. (NASDAQ:FMBI) is scheduled to release its earnings data after the market closes on Tuesday, October 24th. Analysts expect First Midwest Bancorp to post earnings of $0.36 per share for the quarter.

First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $162.53 million during the quarter, compared to analyst estimates of $164.02 million. During the same quarter in the prior year, the company posted $0.32 EPS. On average, analysts expect First Midwest Bancorp to post $1.43 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.

First Midwest Bancorp, Inc. (NASDAQ FMBI) opened at 23.50 on Tuesday. First Midwest Bancorp, Inc. has a 52 week low of $18.75 and a 52 week high of $25.83. The firm has a market cap of $2.41 billion, a PE ratio of 20.15 and a beta of 1.15. The stock has a 50 day moving average of $22.39 and a 200-day moving average of $22.67.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, September 28th. First Midwest Bancorp’s dividend payout ratio is currently 34.19%.

ILLEGAL ACTIVITY WARNING: “First Midwest Bancorp, Inc. (FMBI) Scheduled to Post Earnings on Tuesday” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub downgraded First Midwest Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. FIG Partners downgraded First Midwest Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $26.00 to $25.00 in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and set a $27.00 target price on shares of First Midwest Bancorp in a report on Friday, August 11th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $26.00 target price on shares of First Midwest Bancorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.17.

In related news, Director Patrick J. Mcdonnell sold 3,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.85, for a total value of $76,475.00. Following the completion of the transaction, the director now owns 24,237 shares of the company’s stock, valued at $529,578.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.69% of the stock is owned by insiders.

About First Midwest Bancorp

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.

Earnings History for First Midwest Bancorp (NASDAQ:FMBI)

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's FREE daily email newsletter.