Media coverage about First Midwest Bancorp (NASDAQ:FMBI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing 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 coverage optimism score of 0.08 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.4001250673958 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
- First Midwest Bancorp (FMBI) Declares $0.10 Quarterly Dividend; 1.9% Yield (streetinsider.com)
- First Midwest Bancorp declares third quarter cash dividend (dailyherald.com)
- First Midwest Bancorp, Inc. (FMBI) Declares $0.10 Quarterly Dividend (americanbankingnews.com)
- First Midwest Bancorp : DePaul University Welcomes 2 Business Leaders to Board of Trustees (4-traders.com)
- First Midwest Bancorp, Inc. Declares Third Quarter Cash Dividend of $0.10 Per Share (feeds.benzinga.com)
Several research firms recently commented on FMBI. Jefferies Group LLC restated a “buy” rating and issued a $27.00 target price on shares of First Midwest Bancorp in a research report on Friday, August 11th. Zacks Investment Research raised First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, July 7th. BidaskClub raised First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FIG Partners lowered First Midwest Bancorp from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $26.00 to $25.00 in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. First Midwest Bancorp presently has a consensus rating of “Hold” and a consensus target price of $26.17.
Shares of First Midwest Bancorp (NASDAQ:FMBI) opened at 20.79 on Friday. The firm has a market cap of $2.14 billion, a PE ratio of 17.83 and a beta of 1.14. First Midwest Bancorp has a 12 month low of $18.65 and a 12 month high of $25.83. The stock has a 50 day moving average price of $22.59 and a 200 day moving average price of $23.24.
First Midwest Bancorp (NASDAQ:FMBI) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. First Midwest Bancorp had a return on equity of 7.81% and a net margin of 17.30%. The business had revenue of $162.53 million for the quarter, compared to analyst estimates of $164.02 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts expect that First Midwest Bancorp will post $1.30 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.92%. First Midwest Bancorp’s dividend payout ratio is currently 34.19%.
In other First Midwest Bancorp news, Director Thomas Lynn Brown bought 3,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average price of $24.06 per share, for a total transaction of $72,180.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $72,180. 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 corporate 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.
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