First Midwest Bancorp (FMBI) & Its Competitors Financial Survey
First Midwest Bancorp (NASDAQ: FMBI) is one of 308 public companies in the “Banks” industry, but how does it contrast to its peers? We will compare First Midwest Bancorp to similar businesses based on the strength of its dividends, profitability, risk, analyst recommendations, valuation, earnings and institutional ownership.
Valuation and Earnings
This table compares First Midwest Bancorp and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|First Midwest Bancorp||$537.64 million||$92.34 million||20.68|
|First Midwest Bancorp Competitors||$5.49 billion||$825.32 million||363.96|
Risk and Volatility
First Midwest Bancorp has a beta of 1.17, suggesting that its stock price is 17% more volatile than the S&P 500. Comparatively, First Midwest Bancorp’s peers have a beta of 0.79, suggesting that their average stock price is 21% less volatile than the S&P 500.
First Midwest Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 1.6%. First Midwest Bancorp pays out 33.6% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.2% of their earnings in the form of a dividend.
Insider and Institutional Ownership
81.4% of First Midwest Bancorp shares are held by institutional investors. Comparatively, 52.3% of shares of all “Banks” companies are held by institutional investors. 1.7% of First Midwest Bancorp shares are held by insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
This is a summary of recent recommendations for First Midwest Bancorp and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First Midwest Bancorp||0||2||3||0||2.60|
|First Midwest Bancorp Competitors||2112||8277||8412||332||2.36|
First Midwest Bancorp presently has a consensus target price of $25.80, indicating a potential upside of 4.84%. As a group, “Banks” companies have a potential downside of 8.28%. Given First Midwest Bancorp’s stronger consensus rating and higher probable upside, analysts plainly believe First Midwest Bancorp is more favorable than its peers.
This table compares First Midwest Bancorp and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First Midwest Bancorp||18.08%||7.89%||1.00%|
|First Midwest Bancorp Competitors||18.50%||8.37%||0.94%|
First Midwest Bancorp peers beat First Midwest Bancorp on 8 of the 15 factors compared.
First Midwest Bancorp Company Profile
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. As of December 31, 2016, the Bank operated primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through 117 banking locations. The Bank offers capital market products to commercial customers as risk management solutions, which include derivatives and interest rate risk products. The Bank provides an array of financing products to developers, investors and other real estate professionals, which include funding for the construction, purchase, refinance or improvement of commercial real estate properties. The Company’s loan portfolio consists of both corporate and consumer loans.
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