News headlines about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Midwest Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.2389160405567 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- First Midwest Bancorp Inc (FMBI) Director Robert P. Omeara Sells 5,200 Shares (americanbankingnews.com)
- First Midwest Bancorp Inc (FMBI) Director Sells $132,500.00 in Stock (americanbankingnews.com)
- Morning Technical Insight on These Banking Stocks — Commerce Bancshares, Fifth Third, First Midwest, and US Bancorp (bizjournals.com)
- First Midwest Bancorp Inc (FMBI) Chairman Sells $224,628.04 in Stock (americanbankingnews.com)
- Michael L. Scudder Sells 5,000 Shares of First Midwest Bancorp Inc (FMBI) Stock (americanbankingnews.com)
Several brokerages recently weighed in on FMBI. BidaskClub upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $29.00 target price on shares of First Midwest Bancorp in a report on Tuesday, January 9th. Zacks Investment Research raised First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Friday, January 12th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 target price on shares of First Midwest Bancorp in a research note on Friday, December 8th. Finally, Sandler O’Neill set a $26.00 target price on First Midwest Bancorp and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $26.67.
Shares of First Midwest Bancorp (NASDAQ FMBI) traded down $0.44 during trading on Wednesday, reaching $25.92. The company had a trading volume of 373,066 shares, compared to its average volume of 593,611. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. First Midwest Bancorp has a 1-year low of $20.50 and a 1-year high of $26.55. The company has a market capitalization of $2,670.00, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.19 and a beta of 1.16.
First Midwest Bancorp (NASDAQ:FMBI) last released its earnings results on Monday, January 29th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $154.24 million during the quarter, compared to analysts’ expectations of $162.84 million. First Midwest Bancorp had a return on equity of 7.69% and a net margin of 14.59%. During the same period in the prior year, the business earned $0.32 earnings per share. research analysts anticipate that First Midwest Bancorp will post 1.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 23rd will be paid a dividend of $0.11 per share. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 22nd. This represents a $0.44 annualized dividend and a yield of 1.70%. First Midwest Bancorp’s dividend payout ratio (DPR) is currently 32.79%.
In related news, CEO Michael L. Scudder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $26.15, for a total transaction of $130,750.00. Following the transaction, the chief executive officer now owns 81,720 shares in the company, valued at approximately $2,136,978. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Omeara sold 50,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $24.56, for a total value of $1,228,000.00. The disclosure for this sale can be found here. Insiders have sold 141,382 shares of company stock valued at $3,616,662 in the last three months. 1.69% of the stock is owned by corporate insiders.
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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.
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