First Midwest Bancorp (FMBI) Given News Impact Score of 0.02
News coverage about First Midwest Bancorp (NASDAQ:FMBI) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Midwest Bancorp earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.3390805350932 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’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)
A number of equities research analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of First Midwest Bancorp in a report on Sunday, June 11th. BidaskClub upgraded shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, July 7th. Piper Jaffray Companies upgraded shares of First Midwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $26.00 in a research report on Monday, July 24th. Finally, FIG Partners lowered shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $26.00 to $25.00 in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.17.
First Midwest Bancorp (FMBI) opened at 20.92 on Thursday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.94 and a beta of 1.14. First Midwest Bancorp has a 12 month low of $18.75 and a 12 month high of $25.83. The company has a 50-day moving average of $22.40 and a 200 day moving average of $23.16.
First Midwest Bancorp (NASDAQ:FMBI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $162.53 million for the quarter, compared to analysts’ expectations of $164.02 million. First Midwest Bancorp had a return on equity of 7.81% and a net margin of 17.30%. During the same period last year, the business earned $0.32 EPS. On average, equities research analysts anticipate that First Midwest Bancorp will post $1.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, September 28th. First Midwest Bancorp’s dividend payout ratio (DPR) is presently 34.19%.
In related news, Director Thomas Lynn Brown bought 3,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was bought at an average price of $24.06 per share, with a total value of $72,180.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $72,180. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.69% 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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