First Midwest Bancorp, Inc. (NASDAQ:FMBI) Updates On Dividend Release Date


On 2016-08-19, First Midwest Bancorp, Inc. (NASDAQ:FMBI) confirmed the dividend disbursement of $0.09 a share to shareholders as on record 2016-09-30. The firm will release dividend on 2016-10-11 while ex-dividend date is reported to be 2016-09-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, First Midwest Bancorp, Inc. (NASDAQ:FMBI) paid a total of $0.09 per share in dividends. This figure stood at $0.09 a share in the same period a year ago indicating a deviation of 16.129%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $20.166 on the stock. This figure is the average of recommendations offered by 6 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $22 and $19, respectively.

Taking the mathematical rating formula, the price for First Midwest Bancorp, Inc. (NASDAQ:FMBI) stands at 2.56. Earnings Review First Midwest Bancorp, Inc. (NASDAQ:FMBI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $0.32.

Coming to the quarter ending on 2015-12-31, First Midwest Bancorp, Inc. (NASDAQ:FMBI) recorded EPS of $0.32. The reported numbers came lower than the analysts’ estimates of $0.3, demonstrating a miss of $0.02 as against reported figures.

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