First Midwest Bancorp (FMBI) Given Daily News Sentiment Rating of 0.08
Headlines about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to 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 assigned media stories about the financial services provider an impact score of 31 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the next few days.
Several analysts have weighed in on FMBI shares. Jefferies Group LLC reiterated a “buy” rating and set a $27.00 target price on shares of First Midwest Bancorp in a research note on Sunday, June 11th. BidaskClub upgraded shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. FIG Partners upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 19th. Zacks Investment Research lowered shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 target price on shares of First Midwest Bancorp in a research note on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.75.
First Midwest Bancorp (NASDAQ FMBI) traded down 1.12% during trading on Wednesday, hitting $23.05. 864,500 shares of the stock traded hands. First Midwest Bancorp has a one year low of $15.86 and a one year high of $25.83. The stock has a market cap of $2.59 billion, a PE ratio of 20.47 and a beta of 1.19. The company has a 50-day moving average price of $22.87 and a 200 day moving average price of $23.83.
First Midwest Bancorp (NASDAQ:FMBI) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. First Midwest Bancorp had a return on equity of 7.91% and a net margin of 16.73%. The firm had revenue of $155.15 million during the quarter, compared to analyst estimates of $162 million. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts expect that First Midwest Bancorp will post $1.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.10 per share. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, June 28th. First Midwest Bancorp’s dividend payout ratio is currently 31.58%.
In related news, Director Thomas Lynn Brown acquired 3,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was purchased at an average cost of $24.06 per share, for a total transaction of $72,180.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $72,180. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.48% of the company’s stock.
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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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