Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)

First Midwest Bancorp, Inc. (NASDAQ:FMBI) – Research analysts at Jefferies Group raised their FY2016 earnings per share (EPS) estimates for First Midwest Bancorp in a research report issued on Monday. Jefferies Group analyst C. Haire now anticipates that the firm will earn $1.23 per share for the year, up from their prior forecast of $1.21. Jefferies Group has a “Buy” rating and a $28.00 price target on the stock. Jefferies Group also issued estimates for First Midwest Bancorp’s FY2018 earnings at $1.50 EPS.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, December 20th. SunTrust Banks, Inc. initiated coverage on First Midwest Bancorp in a report on Tuesday, December 20th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of First Midwest Bancorp in a report on Wednesday, October 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Midwest Bancorp currently has an average rating of “Hold” and a consensus target price of $22.19.

Earnings History and Estimates for First Midwest Bancorp (NASDAQ:FMBI)

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/01/11/brokers-issue-forecasts-for-first-midwest-bancorp-inc-s-fy2016-earnings-fmbi.html.

First Midwest Bancorp (NASDAQ:FMBI) traded up 0.04% during trading on Wednesday, hitting $24.85. The company had a trading volume of 231,384 shares. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.57 and a beta of 1.24. First Midwest Bancorp has a one year low of $14.56 and a one year high of $25.83. The stock has a 50-day moving average of $24.66 and a 200 day moving average of $20.43.

First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. First Midwest Bancorp had a return on equity of 7.71% and a net margin of 16.72%. During the same quarter last year, the firm posted $0.30 EPS.

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in First Midwest Bancorp by 77.3% in the second quarter. Victory Capital Management Inc. now owns 5,833 shares of the financial services provider’s stock valued at $102,000 after buying an additional 2,544 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of First Midwest Bancorp during the third quarter worth about $124,000. PineBridge Investments L.P. increased its stake in shares of First Midwest Bancorp by 7.8% in the second quarter. PineBridge Investments L.P. now owns 10,314 shares of the financial services provider’s stock worth $181,000 after buying an additional 743 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of First Midwest Bancorp during the second quarter worth about $186,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of First Midwest Bancorp by 1,223.9% in the second quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the financial services provider’s stock worth $193,000 after buying an additional 10,146 shares in the last quarter. 82.19% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/01/11/brokers-issue-forecasts-for-first-midwest-bancorp-inc-s-fy2016-earnings-fmbi.html.

In other news, Director Kathryn Hayley bought 16,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were bought at an average price of $19.40 per share, with a total value of $310,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert P. Omeara sold 3,383 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $24.52, for a total value of $82,951.16. The disclosure for this sale can be found here. 2.48% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Friday, December 23rd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, December 21st. First Midwest Bancorp’s payout ratio is 32.73%.

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.

5 Day Chart for NASDAQ:FMBI

What are top analysts saying about First Midwest Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Midwest Bancorp Inc. and related companies.

Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)

First Midwest Bancorp, Inc. (NASDAQ:FMBI) – Research analysts at Jefferies Group raised their FY2016 earnings per share (EPS) estimates for First Midwest Bancorp in a research report issued on Monday. Jefferies Group analyst C. Haire now anticipates that the firm will earn $1.23 per share for the year, up from their prior forecast of $1.21. Jefferies Group has a “Buy” rating and a $28.00 price target on the stock. Jefferies Group also issued estimates for First Midwest Bancorp’s FY2018 earnings at $1.50 EPS.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, December 20th. SunTrust Banks, Inc. initiated coverage on First Midwest Bancorp in a report on Tuesday, December 20th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of First Midwest Bancorp in a report on Wednesday, October 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Midwest Bancorp currently has an average rating of “Hold” and a consensus target price of $22.19.

Earnings History and Estimates for First Midwest Bancorp (NASDAQ:FMBI)

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/01/11/brokers-issue-forecasts-for-first-midwest-bancorp-inc-s-fy2016-earnings-fmbi.html.

First Midwest Bancorp (NASDAQ:FMBI) traded up 0.04% during trading on Wednesday, hitting $24.85. The company had a trading volume of 231,384 shares. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.57 and a beta of 1.24. First Midwest Bancorp has a one year low of $14.56 and a one year high of $25.83. The stock has a 50-day moving average of $24.66 and a 200 day moving average of $20.43.

First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. First Midwest Bancorp had a return on equity of 7.71% and a net margin of 16.72%. During the same quarter last year, the firm posted $0.30 EPS.

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in First Midwest Bancorp by 77.3% in the second quarter. Victory Capital Management Inc. now owns 5,833 shares of the financial services provider’s stock valued at $102,000 after buying an additional 2,544 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of First Midwest Bancorp during the third quarter worth about $124,000. PineBridge Investments L.P. increased its stake in shares of First Midwest Bancorp by 7.8% in the second quarter. PineBridge Investments L.P. now owns 10,314 shares of the financial services provider’s stock worth $181,000 after buying an additional 743 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of First Midwest Bancorp during the second quarter worth about $186,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of First Midwest Bancorp by 1,223.9% in the second quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the financial services provider’s stock worth $193,000 after buying an additional 10,146 shares in the last quarter. 82.19% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for First Midwest Bancorp, Inc.’s FY2016 Earnings (FMBI)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/01/11/brokers-issue-forecasts-for-first-midwest-bancorp-inc-s-fy2016-earnings-fmbi.html.

In other news, Director Kathryn Hayley bought 16,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were bought at an average price of $19.40 per share, with a total value of $310,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert P. Omeara sold 3,383 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $24.52, for a total value of $82,951.16. The disclosure for this sale can be found here. 2.48% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Friday, December 23rd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, December 21st. First Midwest Bancorp’s payout ratio is 32.73%.

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.

5 Day Chart for NASDAQ:FMBI

What are top analysts saying about First Midwest Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Midwest Bancorp Inc. and related companies.

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