First Midwest Bancorp (NASDAQ:FMBI) will be posting its quarterly earnings results after the market closes on Monday, January 22nd. Analysts expect First Midwest Bancorp to post earnings of $0.37 per share for the quarter.
First Midwest Bancorp (NASDAQ:FMBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $163.24 million for the quarter, compared to analyst estimates of $164.81 million. First Midwest Bancorp had a net margin of 18.08% and a return on equity of 7.89%. During the same quarter in the previous year, the company earned $0.32 EPS. On average, analysts expect First Midwest Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of First Midwest Bancorp (FMBI) opened at $26.14 on Monday. The company has a market cap of $2,685.34, a P/E ratio of 21.97, a PEG ratio of 2.16 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. First Midwest Bancorp has a 12-month low of $20.50 and a 12-month high of $26.16.
In related news, Director Robert P. Omeara sold 50,000 shares of First Midwest Bancorp stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $24.56, for a total value of $1,228,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.69% of the stock is currently owned by company insiders.
Several analysts have recently commented on the stock. ValuEngine raised shares of First Midwest Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 target price on shares of First Midwest Bancorp in a report on Tuesday, January 9th. Sandler O’Neill set a $26.00 target price on shares of First Midwest Bancorp and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of First Midwest Bancorp in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.67.
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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.
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