First Midwest Bancorp (FMBI) Earns Media Impact Rating of 0.03
News coverage about First Midwest Bancorp (NASDAQ:FMBI) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of 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 0.03 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4400513264033 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of First Midwest Bancorp (NASDAQ:FMBI) traded down 1.27% during trading on Friday, hitting $20.97. 733,772 shares of the company traded hands. The company has a 50-day moving average of $22.86 and a 200-day moving average of $23.36. First Midwest Bancorp has a 52-week low of $18.75 and a 52-week high of $25.83. The stock has a market capitalization of $2.15 billion, a PE ratio of 17.98 and a beta of 1.14.
First Midwest Bancorp (NASDAQ:FMBI) last announced 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 company had revenue of $162.53 million for the quarter, compared to analyst estimates of $164.02 million. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities analysts expect that First Midwest Bancorp will post $1.30 EPS for the current year.
FMBI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Piper Jaffray Companies upgraded shares of First Midwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $26.00 in a report on Monday, July 24th. BidaskClub cut shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. FIG Partners upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday, May 19th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $27.00 price target on shares of First Midwest Bancorp in a report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. First Midwest Bancorp has an average rating of “Hold” and a consensus price target of $26.17.
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In other First Midwest Bancorp news, Director Thomas Lynn Brown purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was purchased at an average cost of $24.06 per share, with a total value of $72,180.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $72,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.69% of the company’s stock.
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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